Acadian Asset Management LLC Invests $61,000 in The Hackett Group, Inc. (HCKT)

Acadian Asset Management LLC acquired a new position in shares of The Hackett Group, Inc. (NASDAQ:HCKT) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,814 shares of the business services provider’s stock, valued at approximately $61,000.

Several other large investors also recently modified their holdings of HCKT. FMR LLC raised its holdings in shares of The Hackett Group by 175.8% during the third quarter. FMR LLC now owns 1,616,999 shares of the business services provider’s stock worth $32,583,000 after acquiring an additional 1,030,786 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of The Hackett Group by 42.5% during the third quarter. Russell Investments Group Ltd. now owns 417,859 shares of the business services provider’s stock worth $8,420,000 after acquiring an additional 124,559 shares during the period. Rhumbline Advisers raised its holdings in shares of The Hackett Group by 146.6% during the third quarter. Rhumbline Advisers now owns 178,338 shares of the business services provider’s stock worth $3,594,000 after acquiring an additional 106,032 shares during the period. Wells Fargo & Company MN grew its position in The Hackett Group by 15.8% in the third quarter. Wells Fargo & Company MN now owns 544,618 shares of the business services provider’s stock valued at $10,975,000 after purchasing an additional 74,488 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in The Hackett Group by 5.5% in the third quarter. Renaissance Technologies LLC now owns 1,108,444 shares of the business services provider’s stock valued at $22,335,000 after purchasing an additional 57,400 shares in the last quarter. Institutional investors and hedge funds own 79.97% of the company’s stock.

Get The Hackett Group alerts:

A number of research analysts recently weighed in on the stock. Barrington Research reaffirmed a “buy” rating and issued a $23.00 target price on shares of The Hackett Group in a research report on Friday, February 15th. BidaskClub downgraded shares of The Hackett Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 24th. ValuEngine downgraded shares of The Hackett Group from a “buy” rating to a “hold” rating in a research report on Wednesday, December 5th. Zacks Investment Research downgraded shares of The Hackett Group from a “hold” rating to a “sell” rating in a research report on Friday, January 4th. Finally, William Blair assumed coverage on shares of The Hackett Group in a research report on Friday, January 11th. They issued an “outperform” rating for the company. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $21.33.

The Hackett Group stock opened at $15.95 on Friday. The firm has a market capitalization of $469.64 million, a P/E ratio of 15.05, a price-to-earnings-growth ratio of 1.17 and a beta of 0.97. The Hackett Group, Inc. has a 1-year low of $15.24 and a 1-year high of $22.84. The company has a quick ratio of 1.88, a current ratio of 1.65 and a debt-to-equity ratio of 0.05.

The Hackett Group (NASDAQ:HCKT) last released its earnings results on Tuesday, February 19th. The business services provider reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.04. The business had revenue of $66.54 million during the quarter, compared to the consensus estimate of $67.43 million. The Hackett Group had a net margin of 8.28% and a return on equity of 23.15%. On average, research analysts anticipate that The Hackett Group, Inc. will post 0.91 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: This news story was originally posted by Ticker Report and is the sole property of of Ticker Report. If you are reading this news story on another publication, it was illegally stolen and republished in violation of international copyright & trademark legislation. The original version of this news story can be viewed at www.tickerreport.com/banking-finance/4222242/acadian-asset-management-llc-invests-61000-in-the-hackett-group-inc-hckt.html.

About The Hackett Group

The Hackett Group, Inc operates as a strategic advisory and technology consulting firm primarily in North America and European countries. Its executive advisory programs include best practice intelligence center, an online searchable repository of best practices, performance metrics, conference presentations, and associated research; best practice accelerators that provide Web based access to best practices, customized software configuration tools, and best practice process flows; advisor inquiry, an inquiry service used by clients for access to fact-based advice on proven approaches and methods; best practice research, a research that provides insights into the proven approaches; and peer interaction comprising member-led Webcasts, annual best practice conferences, annual member forums, membership performance surveys, and client-submitted content.

Featured Article: Current Ratio

Want to see what other hedge funds are holding HCKT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Hackett Group, Inc. (NASDAQ:HCKT).

Institutional Ownership by Quarter for The Hackett Group (NASDAQ:HCKT)

Leave a Reply

Your email address will not be published. Required fields are marked *