The Hackett Group, Inc. (HCKT) Shares Sold by Thomson Horstmann & Bryant Inc.

Thomson Horstmann & Bryant Inc. cut its stake in shares of The Hackett Group, Inc. (NASDAQ:HCKT) by 1.4% during the first quarter, Holdings Channel reports. The firm owned 519,130 shares of the business services provider’s stock after selling 7,630 shares during the period. The Hackett Group comprises about 1.3% of Thomson Horstmann & Bryant Inc.’s holdings, making the stock its 22nd largest position. Thomson Horstmann & Bryant Inc. owned about 1.78% of The Hackett Group worth $10,117,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of HCKT. Neumeier Poma Investment Counsel LLC increased its stake in The Hackett Group by 139.4% in the fourth quarter. Neumeier Poma Investment Counsel LLC now owns 621,400 shares of the business services provider’s stock valued at $10,974,000 after buying an additional 361,825 shares during the period. FMR LLC increased its stake in The Hackett Group by 2.1% in the fourth quarter. FMR LLC now owns 614,732 shares of the business services provider’s stock valued at $10,856,000 after buying an additional 12,465 shares during the period. Punch & Associates Investment Management Inc. increased its stake in The Hackett Group by 1.7% in the third quarter. Punch & Associates Investment Management Inc. now owns 585,579 shares of the business services provider’s stock valued at $9,674,000 after buying an additional 9,718 shares during the period. Numeric Investors LLC increased its stake in The Hackett Group by 4.3% in the fourth quarter. Numeric Investors LLC now owns 304,039 shares of the business services provider’s stock valued at $5,369,000 after buying an additional 12,624 shares during the period. Finally, James Investment Research Inc. increased its stake in The Hackett Group by 22.8% in the third quarter. James Investment Research Inc. now owns 226,980 shares of the business services provider’s stock valued at $3,750,000 after buying an additional 42,070 shares during the period. 75.40% of the stock is owned by hedge funds and other institutional investors.

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

The Hackett Group, Inc. (NASDAQ:HCKT) traded up 0.15% during midday trading on Thursday, reaching $19.60. 102,173 shares of the company’s stock traded hands. The company’s 50-day moving average price is $19.26 and its 200-day moving average price is $17.62. The Hackett Group, Inc. has a 52-week low of $13.06 and a 52-week high of $20.69. The stock has a market cap of $572.07 million, a P/E ratio of 29.70 and a beta of 1.00.

The Hackett Group (NASDAQ:HCKT) last released its quarterly earnings data on Tuesday, February 21st. The business services provider reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.02. The business earned $70.05 million during the quarter, compared to analyst estimates of $67.90 million. The Hackett Group had a net margin of 6.80% and a return on equity of 23.77%. The Hackett Group’s revenue was up 5.6% compared to the same quarter last year. During the same period last year, the business earned $0.21 EPS. On average, equities analysts predict that The Hackett Group, Inc. will post $1.04 EPS for the current fiscal year.

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HCKT has been the subject of several research analyst reports. Griffin Securities reaffirmed a “buy” rating on shares of The Hackett Group in a research note on Friday, March 10th. Zacks Investment Research downgraded shares of The Hackett Group from a “buy” rating to a “hold” rating in a research note on Tuesday, January 10th.

In other The Hackett Group news, Director Richard N. Hamlin sold 40,000 shares of the firm’s stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $20.01, for a total transaction of $800,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 20.90% of the stock is currently owned by company insiders.

About The Hackett Group

The Hackett Group, Inc is an advisory and technology consulting company. The Company’s services include business transformation, enterprise performance management, working capital management and global business services. The Company is engaged in providing business and technology consulting services.

5 Day Chart for NASDAQ:HCKT

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).

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