Zacks Investment Research upgraded shares of The Hackett Group (NASDAQ:HCKT) from a sell rating to a hold rating in a report published on Friday, June 8th.
According to Zacks, “The Hackett Group, a global strategic advisory firm and an Answerthink company, is a leader in best practice research and advisory programs, benchmarking and transformation consulting services, including shared services, offshoring and outsourcing advice. Utilizing best practices and implementation insight from more than 4,000 benchmarking studies, executives use Hackett’s empirically based approach to quickly define and prioritize initiatives, and to leverage proven strategies that enable world-class performance. “
A number of other analysts have also weighed in on HCKT. Barrington Research set a $22.00 price objective on The Hackett Group and gave the stock a buy rating in a research report on Monday, May 7th. BidaskClub raised The Hackett Group from a sell rating to a hold rating in a research report on Tuesday, April 24th. ValuEngine lowered The Hackett Group from a hold rating to a sell rating in a research report on Wednesday, May 2nd. Finally, SunTrust Banks reaffirmed a buy rating on shares of The Hackett Group in a research report on Friday, February 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $19.25.
The Hackett Group (NASDAQ:HCKT) last posted its quarterly earnings data on Tuesday, May 8th. The business services provider reported $0.26 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.26. The Hackett Group had a return on equity of 24.35% and a net margin of 9.35%. The business had revenue of $72.70 million for the quarter, compared to analyst estimates of $72.03 million. During the same quarter in the prior year, the company earned $0.23 earnings per share. The company’s revenue was up 1.8% on a year-over-year basis. analysts anticipate that The Hackett Group will post 0.9 EPS for the current fiscal year.
The firm also recently announced a Semi-Annual dividend, which will be paid on Wednesday, July 11th. Investors of record on Friday, June 29th will be issued a $0.17 dividend. This represents a yield of 2.14%. The ex-dividend date of this dividend is Thursday, June 28th. This is a positive change from The Hackett Group’s previous Semi-Annual dividend of $0.15. The Hackett Group’s dividend payout ratio is 39.47%.
A number of large investors have recently bought and sold shares of the stock. Dynamic Technology Lab Private Ltd purchased a new position in The Hackett Group in the first quarter valued at $177,000. Millennium Management LLC increased its holdings in The Hackett Group by 9.7% in the first quarter. Millennium Management LLC now owns 135,750 shares of the business services provider’s stock valued at $2,180,000 after buying an additional 11,965 shares during the last quarter. Amundi Pioneer Asset Management Inc. increased its holdings in The Hackett Group by 2.2% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 144,912 shares of the business services provider’s stock valued at $2,328,000 after buying an additional 3,148 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in The Hackett Group in the first quarter valued at $210,000. Finally, Keeley Teton Advisors LLC purchased a new position in The Hackett Group in the first quarter valued at $898,000. 76.15% of the stock is currently owned by hedge funds and other institutional investors.
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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