Trigran Investments Inc. Sells 274,645 Shares of The Hackett Group, Inc. $HCKT

Trigran Investments Inc. reduced its stake in The Hackett Group, Inc. (NASDAQ:HCKT) by 34.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 521,758 shares of the business services provider’s stock after selling 274,645 shares during the quarter. The Hackett Group accounts for approximately 2.0% of Trigran Investments Inc.’s investment portfolio, making the stock its 14th largest holding. Trigran Investments Inc.’s holdings in The Hackett Group were worth $10,242,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in HCKT. Royce & Associates LP boosted its stake in shares of The Hackett Group by 44.1% in the third quarter. Royce & Associates LP now owns 2,581,331 shares of the business services provider’s stock valued at $49,071,000 after buying an additional 790,522 shares during the period. Millennium Management LLC lifted its stake in The Hackett Group by 122.9% during the third quarter. Millennium Management LLC now owns 807,457 shares of the business services provider’s stock worth $15,350,000 after purchasing an additional 445,267 shares during the last quarter. UBS Group AG lifted its stake in The Hackett Group by 207.4% during the fourth quarter. UBS Group AG now owns 411,992 shares of the business services provider’s stock worth $8,087,000 after purchasing an additional 277,987 shares during the last quarter. Weber Capital Management LLC ADV bought a new stake in The Hackett Group during the fourth quarter worth $4,587,000. Finally, Goldman Sachs Group Inc. lifted its stake in The Hackett Group by 123.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 401,972 shares of the business services provider’s stock worth $7,891,000 after purchasing an additional 222,065 shares during the last quarter. 78.12% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Wall Street Zen cut The Hackett Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings cut The Hackett Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, April 8th. Zacks Research cut The Hackett Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 19th. Roth Mkm set a $17.00 price target on shares of The Hackett Group in a report on Wednesday, May 6th. Finally, Barrington Research lowered their price target on shares of The Hackett Group from $17.00 to $16.00 and set an “outperform” rating for the company in a report on Wednesday, May 6th. One research analyst has rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $16.50.

The Hackett Group Price Performance

Shares of NASDAQ:HCKT opened at $11.00 on Monday. The company has a fifty day moving average of $11.84 and a 200-day moving average of $15.22. The company has a market capitalization of $277.09 million, a PE ratio of 20.76, a price-to-earnings-growth ratio of 0.89 and a beta of 0.92. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.88 and a current ratio of 1.88. The Hackett Group, Inc. has a 52-week low of $9.15 and a 52-week high of $26.09.

The Hackett Group (NASDAQ:HCKT) last announced its quarterly earnings results on Tuesday, May 5th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.01). The company had revenue of $68.80 million for the quarter, compared to analyst estimates of $71.23 million. The Hackett Group had a return on equity of 26.70% and a net margin of 4.75%.The Hackett Group has set its Q2 2026 guidance at 0.330-0.350 EPS. On average, equities analysts predict that The Hackett Group, Inc. will post 1.23 EPS for the current fiscal year.

The Hackett Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Monday, June 22nd will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Monday, June 22nd. The Hackett Group’s dividend payout ratio is presently 90.57%.

The Hackett Group Profile

The Hackett Group is a global strategic advisory firm specializing in business transformation, benchmarking and research. Leveraging a proprietary data repository and the Hackett Methodology®, the company helps organizations optimize performance across enterprise functions. Its advisory services span digital transformation, process optimization and operational excellence, enabling clients to identify best practices, streamline workflows and achieve sustainable cost savings.

Through detailed benchmarking studies and industry research, The Hackett Group delivers actionable insights into finance, procurement, human resources, information technology and supply chain management.