BlackRock Inc. Acquires Shares of 1,760,150 The Hackett Group, Inc. $HCKT

Key Points

• BlackRock acquired 1,760,150 shares of The Hackett Group in the second quarter, worth approximately $19.0 million and representing a 6.99% stake. Institutional investors collectively own 78.12% of the company.
• The Hackett Group met quarterly earnings expectations with $0.34 EPS and reported $69.33 million in revenue, above estimates. Management guided to third-quarter EPS of $0.37–$0.39.
• The company announced a quarterly dividend of $0.12 per share, implying a 4.3% annualized yield, but analyst sentiment remains cautious: the consensus rating is “Reduce” with a $16.50 price target.

BlackRock Inc. acquired a new stake in shares of The Hackett Group, Inc. (NASDAQ:HCKT - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,760,150 shares of the business services provider's stock, valued at approximately $18,957,000. BlackRock Inc. owned 6.99% of The Hackett Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in HCKT. Millennium Management LLC raised its holdings in The Hackett Group by 122.9% during the 3rd quarter. Millennium Management LLC now owns 807,457 shares of the business services provider's stock valued at $15,350,000 after buying an additional 445,267 shares during the last quarter. UBS Group AG increased its position in shares of The Hackett Group by 207.4% in the fourth quarter. UBS Group AG now owns 411,992 shares of the business services provider's stock valued at $8,087,000 after acquiring an additional 277,987 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of 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 valued at $7,891,000 after acquiring an additional 222,065 shares during the last quarter. Quantinno Capital Management LP raised its stake in shares of The Hackett Group by 554.1% during the first quarter. Quantinno Capital Management LP now owns 199,993 shares of the business services provider's stock valued at $2,602,000 after acquiring an additional 169,420 shares during the last quarter. Finally, Two Sigma Investments LP boosted its holdings in shares of The Hackett Group by 54.5% during the third quarter. Two Sigma Investments LP now owns 401,852 shares of the business services provider's stock worth $7,639,000 after purchasing an additional 141,798 shares during the period. Institutional investors own 78.12% of the company's stock.

The Hackett Group Price Performance

HCKT opened at $11.08 on Friday. The stock has a fifty day simple moving average of $10.74 and a two-hundred day simple moving average of $11.78. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 1.19. The company has a market cap of $275.65 million, a price-to-earnings ratio of 17.05, a price-to-earnings-growth ratio of 0.94 and a beta of 0.92. The Hackett Group, Inc. has a 12-month low of $9.15 and a 12-month high of $21.33.

The Hackett Group (NASDAQ:HCKT - Get Free Report) last released its earnings results on Tuesday, August 4th. The business services provider reported $0.34 earnings per share for the quarter, hitting analysts' consensus estimates of $0.34. The Hackett Group had a net margin of 5.86% and a return on equity of 34.77%. The firm 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. Research analysts predict that The Hackett Group, Inc. will post 1.17 earnings per share for the current fiscal year.

The Hackett Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 18th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, September 18th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.3%. The Hackett Group's dividend payout ratio (DPR) is currently 73.85%.

Analysts Set New Price Targets

HCKT has been the subject of several research analyst reports. Zacks Research cut The Hackett Group from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 11th. Weiss Ratings restated a "sell (d+)" rating on shares of The Hackett Group in a report on Monday, July 6th. Finally, Wall Street Zen lowered The Hackett Group from a "buy" rating to a "hold" rating in a research note on Saturday, May 9th. 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 stock presently has a consensus rating of "Reduce" and a consensus price target of $16.50.

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.

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