The Hackett Group, Inc. (NASDAQ:HCKT) has earned a consensus recommendation of “Buy” from the seven analysts that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $22.50.
A number of brokerages have weighed in on HCKT. Zacks Investment Research upgraded The Hackett Group from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. Barrington Research set a $22.00 price target on The Hackett Group and gave the company a “buy” rating in a research note on Wednesday, May 8th. BidaskClub lowered The Hackett Group from a “buy” rating to a “hold” rating in a research note on Friday, April 5th. Roth Capital restated a “buy” rating on shares of The Hackett Group in a research note on Wednesday, February 20th. Finally, ValuEngine lowered The Hackett Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 20th.
Institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC lifted its stake in shares of 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 valued at $42,716,000 after purchasing an additional 1,051,127 shares during the period. Wasatch Advisors Inc. raised its stake in The Hackett Group by 27.8% during the 1st quarter. Wasatch Advisors Inc. now owns 1,092,669 shares of the business services provider’s stock worth $17,264,000 after buying an additional 237,597 shares during the period. Foundry Partners LLC acquired a new position in The Hackett Group during the 1st quarter worth approximately $3,149,000. Cadence Capital Management LLC acquired a new position in The Hackett Group during the 1st quarter worth approximately $2,436,000. Finally, Crawford Investment Counsel Inc. acquired a new position in The Hackett Group during the 1st quarter worth approximately $2,265,000. 78.78% of the stock is currently owned by hedge funds and other institutional investors.
The Hackett Group (NASDAQ:HCKT) last announced its quarterly 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 Hackett Group had a return on equity of 21.76% and a net margin of 8.35%. The firm had revenue of $62.40 million for the quarter, compared to analysts’ expectations of $65.99 million. During the same period in the prior year, the business posted $0.26 earnings per share. The business’s revenue was down 12.2% compared to the same quarter last year. Research analysts expect that The Hackett Group will post 0.9 EPS for the current fiscal year.
The company also recently disclosed a semiannual dividend, which will be paid on Wednesday, July 10th. Investors of record on Friday, June 28th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a yield of 2.17%. This is a positive change from The Hackett Group’s previous semiannual dividend of $0.17. The Hackett Group’s payout ratio is currently 32.08%.
About The Hackett Group
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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