Shares of The Hackett Group, Inc. (NASDAQ:HCKT) have earned an average recommendation of “Hold” from the six ratings firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $19.25.

HCKT has been the subject of a number of research analyst reports. Craig Hallum cut The Hackett Group from a “buy” rating to a “hold” rating and set a $18.00 target price for the company. in a research report on Wednesday, May 10th. Zacks Investment Research cut The Hackett Group from a “buy” rating to a “hold” rating in a research report on Tuesday, April 25th. Roth Capital cut The Hackett Group from a “buy” rating to a “neutral” rating and set a $20.00 target price for the company. in a research report on Wednesday, May 10th. Griffin Securities reissued a “buy” rating on shares of The Hackett Group in a research report on Friday, March 10th. Finally, SunTrust Banks, Inc. initiated coverage on The Hackett Group in a research report on Thursday. They issued a “buy” rating and a $19.00 target price for the company.

The Hackett Group (NASDAQ:HCKT) traded up 5.17% during midday trading on Thursday, hitting $15.47. The company had a trading volume of 299,642 shares. The Hackett Group has a 12 month low of $13.06 and a 12 month high of $20.69. The firm has a 50-day moving average price of $16.12 and a 200-day moving average price of $17.66. The company has a market cap of $452.02 million, a price-to-earnings ratio of 20.09 and a beta of 0.79.

The Hackett Group (NASDAQ:HCKT) last announced its earnings results on Tuesday, May 9th. The business services provider reported $0.23 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.23. The firm had revenue of $71.50 million during the quarter, compared to analysts’ expectations of $72.98 million. The Hackett Group had a return on equity of 28.73% and a net margin of 8.60%. The business’s revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.20 EPS. Equities analysts anticipate that The Hackett Group will post $0.99 EPS for the current year.

The business also recently disclosed a semiannual dividend, which will be paid on Tuesday, July 11th. Shareholders of record on Friday, June 30th will be given a dividend of $0.15 per share. This represents a yield of 1.94%. This is a boost from The Hackett Group’s previous semiannual dividend of $0.13. The ex-dividend date of this dividend is Wednesday, June 28th. The Hackett Group’s dividend payout ratio (DPR) is presently 33.77%.

A number of hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its stake in The Hackett Group by 30.4% in the first quarter. Goldman Sachs Group Inc. now owns 60,389 shares of the business services provider’s stock worth $1,177,000 after buying an additional 14,093 shares during the last quarter. Credit Suisse AG boosted its stake in The Hackett Group by 91.7% in the first quarter. Credit Suisse AG now owns 64,102 shares of the business services provider’s stock worth $1,250,000 after buying an additional 30,672 shares during the last quarter. AQR Capital Management LLC boosted its stake in The Hackett Group by 6.3% in the first quarter. AQR Capital Management LLC now owns 384,255 shares of the business services provider’s stock worth $7,489,000 after buying an additional 22,678 shares during the last quarter. Highbridge Capital Management LLC bought a new stake in The Hackett Group during the first quarter worth $665,000. Finally, Bank of America Corp DE boosted its stake in The Hackett Group by 0.5% in the first quarter. Bank of America Corp DE now owns 161,050 shares of the business services provider’s stock worth $3,138,000 after buying an additional 750 shares during the last quarter. 79.90% of the stock is owned by institutional investors.

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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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