The Hackett Group, Inc. (NASDAQ:HCKT) Given Average Recommendation of “Hold” by Brokerages

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Shares of The Hackett Group, Inc. (NASDAQ:HCKT) have been assigned a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $22.50.

HCKT has been the topic of several recent research reports. BidaskClub downgraded shares of The Hackett Group from a “hold” rating to a “sell” rating in a research report on Thursday, July 11th. Barrington Research restated a “buy” rating and set a $22.00 price objective on shares of The Hackett Group in a research report on Friday, June 14th. Finally, Zacks Investment Research upgraded shares of The Hackett Group from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th.

HCKT opened at $16.32 on Tuesday. 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 has a 1-year low of $15.16 and a 1-year high of $22.84. The company has a market capitalization of $486.25 million, a P/E ratio of 15.40, a PEG ratio of 1.22 and a beta of 0.82. The stock has a 50 day simple moving average of $16.71.

The Hackett Group (NASDAQ:HCKT) last released its quarterly earnings results on Tuesday, May 7th. The business services provider reported $0.17 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.17. The Hackett Group had a net margin of 8.35% and a return on equity of 21.76%. The business had revenue of $62.40 million for the quarter, compared to the consensus estimate of $65.99 million. During the same period last year, the firm earned $0.26 earnings per share. The company’s quarterly revenue was down 12.2% on a year-over-year basis. As a group, research analysts expect that The Hackett Group will post 0.9 earnings per share for the current year.

The company also recently disclosed a semiannual dividend, which was paid on Wednesday, July 10th. Stockholders of record on Friday, June 28th were given a dividend of $0.18 per share. This represents a dividend yield of 2.17%. This is an increase from The Hackett Group’s previous semiannual dividend of $0.17. The ex-dividend date was Thursday, June 27th. The Hackett Group’s dividend payout ratio (DPR) is presently 33.96%.

Hedge funds have recently made changes to their positions in the company. Legal & General Group Plc raised its position in shares of The Hackett Group by 15.9% during the 4th quarter. Legal & General Group Plc now owns 4,383 shares of the business services provider’s stock valued at $71,000 after purchasing an additional 600 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of The Hackett Group by 4,079.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,015 shares of the business services provider’s stock valued at $79,000 after purchasing an additional 4,895 shares during the period. Strs Ohio bought a new stake in shares of The Hackett Group during the 1st quarter valued at $107,000. SG Americas Securities LLC bought a new stake in shares of The Hackett Group during the 1st quarter valued at $120,000. Finally, Citigroup Inc. raised its position in shares of The Hackett Group by 17.4% during the 4th quarter. Citigroup Inc. now owns 7,804 shares of the business services provider’s stock valued at $125,000 after purchasing an additional 1,154 shares during the period. Hedge funds and other institutional investors own 79.27% of the company’s stock.

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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