SCHEDULE 13G/A: BlackRock Discloses 6.9% Stake in Hackett Group Inc. via Latest SEC Filing

BlackRock, Inc. has filed an amended Schedule 13G, revealing its beneficial ownership of 6.9% of the common stock of Hackett Group Inc. as of March 31, 2025.

Summary

• BlackRock, Inc. reported beneficial ownership of 1,899,966 shares of Hackett Group Inc. common stock.
• This represents 6.9% of the total outstanding common stock of Hackett Group Inc.
• BlackRock holds sole voting power over 1,872,860 shares and sole dispositive power over all 1,899,966 shares.
• No shared voting or dispositive power was reported.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.
• Various BlackRock business units, including BlackRock Advisors, LLC and BlackRock Fund Advisors, are involved in the beneficial ownership, with at least one entity owning 5% or more of the outstanding shares.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership, carrying a neutral sentiment. It indicates a stable, passive investment by a major institutional holder.

Positives

• BlackRock's continued significant stake (6.9%) in Hackett Group Inc. indicates ongoing institutional interest and confidence in the company.
• The filing confirms that BlackRock's holdings are for investment purposes in the ordinary course of business, not for control-related activities, which suggests stability in the ownership structure.

Risks

• The document does not detail specific risks related to Hackett Group Inc.'s operations or financial performance, as it is a beneficial ownership report.

Future Outlook

The document does not provide any forward-looking statements or guidance regarding Hackett Group Inc.'s future performance or BlackRock's future investment intentions beyond the current beneficial ownership.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11."

Industry Context

This filing is a routine disclosure by a major institutional investor, BlackRock, Inc., regarding its passive stake in Hackett Group Inc. It reflects BlackRock's ongoing portfolio management activities and its position as a significant shareholder in various publicly traded companies. The filing itself does not provide specific insights into broader industry trends for consulting or technology services, which is Hackett Group Inc.'s primary sector.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder's stake, confirming BlackRock's continued investment in the company.
• Management: Informs management of a large, passive institutional investor's position, which typically implies a focus on long-term value creation rather than activist intervention.

Key Dates

Keywords

BlackRock, Hackett Group Inc., Schedule 13G, Beneficial Ownership, Institutional Investor, Common Stock, SEC Filing, Investment Management