The Hackett Group, Inc. $HCKT Shares Sold by North Star Investment Management Corp.

North Star Investment Management Corp. reduced its stake in The Hackett Group, Inc. (NASDAQ:HCKT) by 28.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 126,363 shares of the business services provider’s stock after selling 49,112 shares during the period. North Star Investment Management Corp.’s holdings in The Hackett Group were worth $1,270,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of HCKT. BlackRock Inc. purchased a new position in The Hackett Group in the second quarter valued at $18,957,000. Bank of America Corp DE purchased a new stake in The Hackett Group during the 2nd quarter worth about $7,681,000. Punch & Associates Investment Management Inc. increased its holdings in The Hackett Group by 4.4% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 445,800 shares of the business services provider’s stock worth $5,800,000 after purchasing an additional 18,747 shares during the period. Quantinno Capital Management LP raised its position in The Hackett Group by 554.1% in the 1st quarter. Quantinno Capital Management LP now owns 199,993 shares of the business services provider’s stock valued at $2,602,000 after purchasing an additional 169,420 shares in the last quarter. Finally, Aristides Capital LLC raised its position in The Hackett Group by 14.5% in the 1st quarter. Aristides Capital LLC now owns 197,285 shares of the business services provider’s stock valued at $2,567,000 after purchasing an additional 24,912 shares in the last quarter. 78.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on HCKT. Wall Street Zen raised The Hackett Group from a “hold” rating to a “buy” rating in a research report on Saturday, September 5th. Zacks Research raised shares of The Hackett Group from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of The Hackett Group in a research note on Friday, October 2nd. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, The Hackett Group currently has a consensus rating of “Hold” and an average target price of $16.50.

The Hackett Group Trading Up 0.7%

NASDAQ:HCKT opened at $12.62 on Friday. The stock has a 50-day simple moving average of $11.12 and a 200-day simple moving average of $12.40. The stock has a market cap of $313.99 million, a P/E ratio of 12.41, a P/E/G ratio of 1.07 and a beta of 0.96. The Hackett Group, Inc. has a 1 year low of $9.15 and a 1 year high of $20.68. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.94 and a current ratio of 1.94.

The Hackett Group (NASDAQ:HCKT) last released its quarterly earnings data on Tuesday, August 4th. The business services provider reported $0.34 EPS for the quarter, meeting analysts’ consensus estimates of $0.34. The Hackett Group had a return on equity of 34.77% and a net margin of 5.86%. The business had revenue of $69.33 million for the quarter, compared to the consensus estimate of $68.80 million. The Hackett Group has set its Q3 2026 guidance at 0.370-0.390 EPS. As a group, analysts anticipate that The Hackett Group, Inc. will post 1.17 earnings per share for the current fiscal year.

The Hackett Group Company Profile

The Hackett Group, Inc is a global business and technology consulting firm that helps organizations improve performance, transform operations and adopt digital technologies. Its services are informed by proprietary research, benchmarking data and best-practice insights across major corporate functions.

The company advises clients on finance, human resources, procurement, information technology, supply chain management and other enterprise operations. Its offerings include benchmarking and performance studies, business transformation programs, enterprise performance management, technology consulting and implementation services.