The Hackett Group, Inc. (NASDAQ:HCKT) has been given an average rating of “Hold” by the six ratings firms that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $18.33.
Several research analysts recently commented on the stock. Zacks Investment Research downgraded shares of The Hackett Group from a “hold” rating to a “sell” rating in a research note on Tuesday, August 15th. BidaskClub downgraded shares of The Hackett Group from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. Roth Capital raised shares of The Hackett Group from a “neutral” rating to a “buy” rating and raised their price target for the stock from $16.00 to $20.00 in a research note on Thursday, November 9th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $17.00 price target on shares of The Hackett Group in a research note on Friday, November 10th.
A number of hedge funds and other institutional investors have recently bought and sold shares of HCKT. Cornerstone Capital Management Holdings LLC. increased its position 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 during the period. SG Americas Securities LLC purchased a new position in The Hackett Group during the 2nd quarter valued at about $116,000. Victory Capital Management Inc. increased its position in The Hackett Group by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 7,522 shares of the business services provider’s stock valued at $117,000 after purchasing an additional 1,127 shares during the period. Mountain Capital Investment Advisors Inc purchased a new position in shares of The Hackett Group in the 2nd quarter worth approximately $124,000. Finally, Frontier Wealth Management LLC purchased a new position in shares of The Hackett Group in the 2nd quarter worth approximately $171,000. 77.13% of the stock is currently owned by institutional investors and hedge funds.
The Hackett Group (HCKT) opened at $15.92 on Friday. The company has a market cap of $458.79, a PE ratio of 21.35, a P/E/G ratio of 1.31 and a beta of 0.80. The Hackett Group has a 12 month low of $13.24 and a 12 month high of $20.69. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.22.
The Hackett Group (NASDAQ:HCKT) last posted its quarterly earnings results on Tuesday, November 7th. The business services provider reported $0.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.01. The company had revenue of $71.50 million for the quarter, compared to the consensus estimate of $70.66 million. The Hackett Group had a net margin of 8.42% and a return on equity of 26.10%. The firm’s revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.25 EPS. analysts forecast that The Hackett Group will post 0.81 earnings per share for the current fiscal year.
The firm also recently announced a semiannual dividend, which will be paid on Friday, January 5th. Shareholders of record on Friday, December 22nd will be given a dividend of $0.15 per share. This represents a yield of 2.02%. The ex-dividend date of this dividend is Thursday, December 21st. The Hackett Group’s dividend payout ratio (DPR) is 40.00%.
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.
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