Renaissance Technologies LLC Has $11.71 Million Stake in The Hackett Group, Inc. $HCKT

Renaissance Technologies LLC decreased its stake in The Hackett Group, Inc. (NASDAQ:HCKT) by 11.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 900,128 shares of the business services provider’s stock after selling 114,511 shares during the period. Renaissance Technologies LLC’s holdings in The Hackett Group were worth $11,711,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Quadrant Capital Group LLC bought a new position in shares of The Hackett Group in the 4th quarter valued at about $41,000. Danske Bank A S bought a new position in shares of The Hackett Group during the fourth quarter worth approximately $49,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of The Hackett Group by 53,500.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,216 shares of the business services provider’s stock worth $63,000 after buying an additional 3,210 shares in the last quarter. CWM LLC boosted its holdings in The Hackett Group by 31.3% in the 4th quarter. CWM LLC now owns 3,499 shares of the business services provider’s stock valued at $69,000 after purchasing an additional 835 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in The Hackett Group by 138.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,554 shares of the business services provider’s stock worth $46,000 after acquiring an additional 2,062 shares during the period. 78.12% of the stock is owned by institutional investors.

Analysts Set New Price Targets

HCKT has been the subject of several analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of The Hackett Group in a research report on Monday, July 6th. Zacks Research raised The Hackett Group from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Wall Street Zen cut shares of The Hackett Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Roth Capital set a $17.00 target price on shares of The Hackett Group in a research report on Wednesday, May 6th. Finally, Barrington Research lowered their price objective on The Hackett Group from $17.00 to $16.00 and set an “outperform” rating for the company in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, The Hackett Group has a consensus rating of “Hold” and an average price target of $16.50.

The Hackett Group Stock Performance

HCKT opened at $10.72 on Friday. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 1.19. The Hackett Group, Inc. has a 1-year low of $9.15 and a 1-year high of $23.72. The company has a market cap of $270.04 million, a price-to-earnings ratio of 20.23, a PEG ratio of 0.87 and a beta of 0.92. The company’s fifty day moving average price is $10.66 and its two-hundred day moving average price is $13.01.

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

About The Hackett Group

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.