Separately, Zacks Investment Research cut The Hackett Group from a buy rating to a hold rating in a report on Tuesday, October 11th.
Shares of The Hackett Group (NASDAQ:HCKT) traded up 0.37% during midday trading on Monday, hitting $16.44. The stock had a trading volume of 8,505 shares. The firm’s 50 day moving average price is $16.34 and its 200 day moving average price is $15.03. The firm has a market cap of $469.48 million, a price-to-earnings ratio of 32.24 and a beta of 0.96. The Hackett Group has a 52-week low of $12.44 and a 52-week high of $20.02.
The Hackett Group (NASDAQ:HCKT) last announced its quarterly earnings results on Tuesday, August 9th. The company reported $0.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.02. The Hackett Group had a return on equity of 20.00% and a net margin of 6.09%. The firm earned $75.61 million during the quarter, compared to analyst estimates of $72.08 million. During the same quarter in the previous year, the business earned $0.19 EPS. The Hackett Group’s revenue for the quarter was up 13.9% compared to the same quarter last year. On average, equities research analysts expect that The Hackett Group will post $0.90 earnings per share for the current year.
A number of large investors have recently bought and sold shares of HCKT. Algert Global LLC purchased a new stake in The Hackett Group during the third quarter valued at about $648,000. Hillsdale Investment Management Inc. bought a new position in shares of The Hackett Group during the second quarter valued at $388,000. Highbridge Capital Management LLC bought a new position in shares of The Hackett Group during the second quarter valued at $241,000. AQR Capital Management LLC boosted its position in shares of The Hackett Group by 42.0% in the second quarter. AQR Capital Management LLC now owns 281,460 shares of the company’s stock valued at $3,904,000 after buying an additional 83,241 shares in the last quarter. Finally, Panagora Asset Management Inc. boosted its position in shares of The Hackett Group by 4.1% in the second quarter. Panagora Asset Management Inc. now owns 356,035 shares of the company’s stock valued at $4,938,000 after buying an additional 14,112 shares in the last quarter. Institutional investors own 75.65% of the company’s stock.
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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