Shares of The Hackett Group, Inc. (NASDAQ:HCKT) have been assigned a consensus recommendation of “Buy” from the seven analysts that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $22.50.
HCKT has been the subject of a number of research reports. BidaskClub upgraded shares of The Hackett Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 12th. Roth Capital reiterated a “buy” rating on shares of The Hackett Group in a research note on Wednesday, February 20th. ValuEngine lowered shares of The Hackett Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 20th. Zacks Investment Research upgraded shares of The Hackett Group from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th. Finally, Barrington Research set a $22.00 target price on shares of The Hackett Group and gave the company a “buy” rating in a research note on Wednesday, May 8th.
Shares of NASDAQ HCKT opened at $16.18 on Thursday. The Hackett Group has a twelve month low of $15.16 and a twelve month high of $22.84. The company has a market capitalization of $479.41 million, a P/E ratio of 15.26, a PEG ratio of 1.20 and a beta of 0.92. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 0.10.
The Hackett Group (NASDAQ:HCKT) last announced its earnings results on Tuesday, May 7th. The business services provider reported $0.17 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.17. The business had revenue of $62.40 million during the quarter, compared to analyst estimates of $65.99 million. The Hackett Group had a net margin of 8.35% and a return on equity of 21.76%. The company’s quarterly revenue was down 12.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.26 EPS. Sell-side analysts expect that The Hackett Group will post 0.9 earnings per share for the current fiscal year.
The business also recently announced a semiannual dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.18 per share. The ex-dividend date is Thursday, June 27th. This is a positive change from The Hackett Group’s previous semiannual dividend of $0.17. This represents a yield of 2.17%. The Hackett Group’s payout ratio is currently 32.08%.
A number of institutional investors and hedge funds have recently made changes to their positions in HCKT. Martingale Asset Management L P grew its position in shares of The Hackett Group by 6.6% during the 4th quarter. Martingale Asset Management L P now owns 115,212 shares of the business services provider’s stock valued at $1,846,000 after acquiring an additional 7,092 shares during the period. FMR LLC boosted its holdings in The Hackett Group by 65.0% in the 4th quarter. FMR LLC now owns 2,668,126 shares of the business services provider’s stock worth $42,716,000 after buying an additional 1,051,127 shares during the period. Vanguard Group Inc boosted its holdings in The Hackett Group by 3.8% in the 3rd quarter. Vanguard Group Inc now owns 1,399,501 shares of the business services provider’s stock worth $28,201,000 after buying an additional 50,699 shares during the period. United Services Automobile Association boosted its holdings in The Hackett Group by 5.5% in the 4th quarter. United Services Automobile Association now owns 181,931 shares of the business services provider’s stock worth $2,913,000 after buying an additional 9,500 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in The Hackett Group by 3.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,399,501 shares of the business services provider’s stock worth $28,201,000 after buying an additional 50,699 shares during the period. Institutional investors and hedge funds own 78.78% of the company’s stock.
The Hackett Group Company Profile
The Hackett Group, Inc operates as a strategic advisory and technology consulting firm primarily in North America and European countries. Its executive advisory programs include best practice intelligence center, an online searchable repository of best practices, performance metrics, conference presentations, and associated research; best practice accelerators that provide Web-based access to best practices, customized software configuration tools, and best practice process flows; advisor inquiry, an inquiry service used by clients for access to fact-based advice on proven approaches and methods; best practice research, a research that provides insights into the proven approaches; and peer interaction comprising member-led Webcasts, annual best practice conferences, annual member forums, membership performance surveys, and client-submitted content.
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