Zacks Investment Research upgraded shares of The Hackett Group (NASDAQ:HCKT) from a sell rating to a hold rating in a research note issued to investors on Tuesday.
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. “
Get The Hackett Group alerts:HCKT has been the subject of several other research reports. BidaskClub cut shares of The Hackett Group from a hold rating to a sell rating in a research report on Friday, June 8th. ValuEngine cut shares of The Hackett Group from a hold rating to a sell rating in a research report on Wednesday, May 2nd. Finally, Barrington Research set a $22.00 price objective on shares of The Hackett Group and gave the company a buy rating in a research report on Tuesday, May 15th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $19.25.
The Hackett Group opened at $16.78 on Tuesday, MarketBeat reports. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.63 and a current ratio of 1.63. The stock has a market capitalization of $487.02 million, a price-to-earnings ratio of 22.08, a PEG ratio of 1.23 and a beta of 0.79. The Hackett Group has a fifty-two week low of $13.24 and a fifty-two week high of $19.24.
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, meeting the consensus estimate of $0.26. The firm had revenue of $72.70 million during the quarter, compared to analysts’ expectations of $72.03 million. The Hackett Group had a net margin of 9.35% and a return on equity of 24.35%. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.23 EPS. equities analysts predict that The Hackett Group will post 0.9 earnings per share for the current year.
The firm also recently declared a Semi-Annual dividend, which was paid on Wednesday, July 11th. Stockholders of record on Friday, June 29th were given a dividend of $0.17 per share. This is a boost from The Hackett Group’s previous Semi-Annual dividend of $0.15. The ex-dividend date was Thursday, June 28th. This represents a dividend yield of 2.14%. The Hackett Group’s payout ratio is currently 44.74%.
Several large investors have recently modified their holdings of HCKT. SG Americas Securities LLC acquired a new stake in shares of The Hackett Group during the 1st quarter worth approximately $162,000. Mackay Shields LLC acquired a new stake in shares of The Hackett Group during the 1st quarter worth approximately $164,000. MetLife Investment Advisors LLC acquired a new stake in shares of The Hackett Group during the 4th quarter worth approximately $175,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of The Hackett Group during the 1st quarter worth approximately $177,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of The Hackett Group during the 1st quarter worth approximately $210,000. Institutional investors own 76.15% 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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