First Trust Advisors LP bought a new stake in The Hackett Group, Inc. (NASDAQ:HCKT) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 20,754 shares of the business services provider’s stock, valued at approximately $315,000. First Trust Advisors LP owned approximately 0.07% of The Hackett Group at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in shares of The Hackett Group in the 2nd quarter valued at about $116,000. Victory Capital Management Inc. boosted its stake in shares of The Hackett Group by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 7,522 shares of the business services provider’s stock valued at $117,000 after buying 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 valued at about $124,000. Frontier Wealth Management LLC purchased a new position in shares of The Hackett Group in the 2nd quarter valued at about $171,000. Finally, Voya Investment Management LLC purchased a new position in shares of The Hackett Group in the 2nd quarter valued at about $175,000. 77.13% of the stock is owned by institutional investors.
Several equities analysts have recently issued reports on the company. Roth Capital upgraded The Hackett Group from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $16.00 to $20.00 in a research note on Thursday, November 9th. Zacks Investment Research upgraded The Hackett Group from a “sell” rating to a “hold” rating in a research note on Wednesday, November 1st. Finally, SunTrust Banks reiterated a “buy” rating and issued a $17.00 price objective on shares of The Hackett Group in a research note on Friday, November 10th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $18.33.
Shares of The Hackett Group, Inc. (NASDAQ HCKT) opened at $15.51 on Tuesday. The firm has a market capitalization of $447.33, a P/E ratio of 20.81, a P/E/G ratio of 1.28 and a beta of 0.80. The Hackett Group, Inc. has a 52 week low of $13.24 and a 52 week high of $20.69. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.68 and a current ratio of 1.68.
The Hackett Group (NASDAQ:HCKT) last posted its earnings results on Tuesday, November 7th. The business services provider reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.01. The firm had revenue of $71.50 million during the quarter, compared to analysts’ expectations of $70.66 million. The Hackett Group had a return on equity of 26.10% and a net margin of 8.42%. The firm’s revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.25 earnings per share. analysts forecast that The Hackett Group, Inc. will post 0.81 EPS for the current year.
The firm also recently announced a semiannual dividend, which will be paid on Friday, January 5th. Investors of record on Friday, December 22nd will be paid 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 payout ratio is 40.00%.
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The Hackett Group Company Profile
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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