The Hackett Group, Inc. (HCKT) Receives $23.00 Consensus Target Price from Brokerages

The Hackett Group, Inc. (NASDAQ:HCKT) has been given an average recommendation of “Buy” by the six analysts that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $23.00.

Several research analysts have weighed in on HCKT shares. BidaskClub raised The Hackett Group from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 18th. Barrington Research set a $22.00 price objective on The Hackett Group and gave the stock a “buy” rating in a research report on Friday, October 5th. ValuEngine cut The Hackett Group from a “buy” rating to a “hold” rating in a research report on Wednesday, December 5th. William Blair started coverage on The Hackett Group in a research report on Friday. They issued an “outperform” rating on the stock. Finally, Zacks Investment Research cut The Hackett Group from a “hold” rating to a “sell” rating in a research report on Friday, January 4th.

Shares of NASDAQ:HCKT opened at $17.65 on Friday. The company has a market cap of $497.38 million, a P/E ratio of 23.22, a P/E/G ratio of 1.18 and a beta of 0.98. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.88 and a current ratio of 1.88. The Hackett Group has a 12-month low of $15.03 and a 12-month high of $22.84.

The Hackett Group (NASDAQ:HCKT) last announced its earnings results on Tuesday, November 6th. The business services provider reported $0.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.06). The company had revenue of $73.84 million for the quarter, compared to analysts’ expectations of $73.70 million. The Hackett Group had a net margin of 11.48% and a return on equity of 22.48%. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.26 EPS. As a group, research analysts predict that The Hackett Group will post 0.87 earnings per share for the current fiscal year.

The firm also recently disclosed a semiannual dividend, which was paid on Friday, January 4th. Shareholders of record on Friday, December 21st were given a $0.17 dividend. The ex-dividend date was Thursday, December 20th. This represents a yield of 1.7%. This is a boost from The Hackett Group’s previous semiannual dividend of $0.15. The Hackett Group’s payout ratio is currently 44.74%.

Institutional investors and hedge funds have recently modified their holdings of the business. GSA Capital Partners LLP bought a new stake in shares of The Hackett Group in the third quarter valued at $204,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of The Hackett Group in the third quarter valued at $210,000. Engineers Gate Manager LP bought a new stake in shares of The Hackett Group in the third quarter valued at $242,000. MetLife Investment Advisors LLC raised its stake in shares of The Hackett Group by 56.9% in the third quarter. MetLife Investment Advisors LLC now owns 17,500 shares of the business services provider’s stock valued at $353,000 after buying an additional 6,349 shares during the period. Finally, Falcon Point Capital LLC bought a new stake in shares of The Hackett Group in the third quarter valued at $434,000. Hedge funds and other institutional investors own 79.76% of the company’s stock.

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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