Separately, Zacks Investment Research upgraded The Hackett Group from a sell rating to a hold rating in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $20.00.
Shares of NASDAQ:HCKT traded up $0.02 during midday trading on Wednesday, reaching $15.30. 69,400 shares of the company’s stock traded hands, compared to its average volume of 111,581. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.78 and a current ratio of 1.78. The Hackett Group has a one year low of $14.53 and a one year high of $19.57. The stock has a 50 day moving average of $16.52 and a 200 day moving average of $16.39. The company has a market cap of $525.47 million, a price-to-earnings ratio of 14.43, a P/E/G ratio of 1.40 and a beta of 0.77.
The Hackett Group (NASDAQ:HCKT) last released its earnings results on Tuesday, November 5th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.01). The Hackett Group had a return on equity of 21.76% and a net margin of 7.45%. The business had revenue of $72.64 million for the quarter, compared to analysts’ expectations of $73.16 million. During the same quarter in the prior year, the business posted $0.27 EPS. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. Sell-side analysts predict that The Hackett Group will post 0.87 EPS for the current fiscal year.
The company also recently declared a Semi-Annual dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Friday, December 20th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, December 19th. This is a boost from The Hackett Group’s previous Semi-Annual dividend of $0.17. The Hackett Group’s dividend payout ratio (DPR) is currently 33.96%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HCKT. First Trust Advisors LP grew its holdings in The Hackett Group by 3.3% during the 1st quarter. First Trust Advisors LP now owns 57,964 shares of the business services provider’s stock valued at $916,000 after buying an additional 1,848 shares in the last quarter. Amundi Pioneer Asset Management Inc. grew its holdings in The Hackett Group by 7.0% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 187,825 shares of the business services provider’s stock valued at $2,967,000 after buying an additional 12,318 shares in the last quarter. WINTON GROUP Ltd purchased a new position in The Hackett Group during the 2nd quarter valued at approximately $288,000. Falcon Point Capital LLC grew its holdings in The Hackett Group by 42.6% during the 2nd quarter. Falcon Point Capital LLC now owns 37,637 shares of the business services provider’s stock valued at $632,000 after buying an additional 11,235 shares in the last quarter. Finally, Eqis Capital Management Inc. grew its holdings in The Hackett Group by 9.3% during the 2nd quarter. Eqis Capital Management Inc. now owns 13,356 shares of the business services provider’s stock valued at $224,000 after buying an additional 1,139 shares in the last quarter. Institutional investors and hedge funds own 79.35% 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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