Grandeur Peak Global Advisors LLC Grows Position in The Hackett Group, Inc. (HCKT)

Grandeur Peak Global Advisors LLC lifted its stake in shares of The Hackett Group, Inc. (NASDAQ:HCKT) by 10.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 262,475 shares of the business services provider’s stock after acquiring an additional 23,975 shares during the period. Grandeur Peak Global Advisors LLC owned 0.92% of The Hackett Group worth $4,123,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in HCKT. Cornerstone Capital Management Holdings LLC. increased its stake in The Hackett Group by 104.6% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 6,700 shares of the business services provider’s stock valued at $101,000 after purchasing an additional 3,426 shares in the last quarter. MetLife Investment Advisors LLC bought a new stake in The Hackett Group during the 4th quarter valued at $175,000. Ramsey Quantitative Systems bought a new stake in The Hackett Group during the 4th quarter valued at $185,000. Connors Investor Services Inc. bought a new stake in The Hackett Group during the 4th quarter valued at $236,000. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new stake in The Hackett Group during the 3rd quarter valued at $243,000. Institutional investors own 77.38% of the company’s stock.

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Shares of The Hackett Group, Inc. (HCKT) opened at $17.06 on Friday. The Hackett Group, Inc. has a one year low of $13.24 and a one year high of $20.35. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.18. The stock has a market cap of $505.92, a price-to-earnings ratio of 20.07, a PEG ratio of 1.24 and a beta of 0.67.

The Hackett Group (NASDAQ:HCKT) last issued its quarterly earnings results on Tuesday, February 20th. The business services provider reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.01. The company had revenue of $69.40 million for the quarter, compared to the consensus estimate of $67.48 million. The Hackett Group had a net margin of 9.57% and a return on equity of 24.81%. The firm’s quarterly revenue was down .9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.26 EPS. research analysts expect that The Hackett Group, Inc. will post 0.93 earnings per share for the current year.

HCKT has been the subject of several recent analyst reports. SunTrust Banks reiterated a “buy” rating on shares of The Hackett Group in a research note on Friday, February 23rd. Zacks Investment Research upgraded shares of The Hackett Group from a “sell” rating to a “hold” rating in a research note on Monday, February 26th. Finally, BidaskClub upgraded shares of The Hackett Group from a “sell” rating to a “hold” rating in a research note on Monday, February 5th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $18.33.

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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.

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

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