Brokerages Set The Hackett Group, Inc. (HCKT) Target Price at $22.50

The Hackett Group, Inc. (NASDAQ:HCKT) has earned an average rating of “Buy” from the seven ratings firms that are presently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokers 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. ValuEngine lowered The Hackett Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 20th. BidaskClub downgraded The Hackett Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 15th. Barrington Research restated a “buy” rating and set a $23.00 target price on shares of The Hackett Group in a research report on Friday, February 15th. Roth Capital restated a “buy” rating on shares of The Hackett Group in a research report on Wednesday, February 20th. Finally, Zacks Investment Research upgraded The Hackett Group from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th.

Shares of NASDAQ:HCKT traded up $0.20 during trading on Thursday, hitting $16.35. 163,700 shares of the stock were exchanged, compared to its average volume of 126,602. The Hackett Group has a 1-year low of $15.16 and a 1-year high of $22.84. The firm has a market capitalization of $480.30 million, a PE ratio of 15.40, a PEG ratio of 1.20 and a beta of 0.92. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 0.10.

The Hackett Group (NASDAQ:HCKT) last announced its quarterly earnings data 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 return on equity of 21.76% and a net margin of 8.35%. The company had revenue of $62.40 million for the quarter, compared to analyst estimates of $65.99 million. During the same quarter last year, the firm earned $0.26 EPS. The Hackett Group’s revenue for the quarter was down 12.2% compared to the same quarter last year. On average, sell-side analysts predict that The Hackett Group will post 0.9 EPS for the current year.

The company also recently disclosed a semiannual dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Friday, June 28th will be given a dividend of $0.18 per share. This is a boost from The Hackett Group’s previous semiannual dividend of $0.17. This represents a dividend yield of 2.17%. The ex-dividend date of this dividend is Thursday, June 27th. The Hackett Group’s dividend payout ratio is currently 32.08%.

Hedge funds have recently bought and sold shares of the company. Martingale Asset Management L P grew its position in shares of The Hackett Group by 6.6% in the fourth quarter. Martingale Asset Management L P now owns 115,212 shares of the business services provider’s stock valued at $1,846,000 after purchasing an additional 7,092 shares during the last quarter. FMR LLC raised its position in shares of The Hackett Group by 65.0% in the 4th quarter. FMR LLC now owns 2,668,126 shares of the business services provider’s stock worth $42,716,000 after acquiring an additional 1,051,127 shares in the last quarter. Vanguard Group Inc grew its stake in shares of The Hackett Group by 3.8% in the 3rd quarter. Vanguard Group Inc now owns 1,399,501 shares of the business services provider’s stock valued at $28,201,000 after buying an additional 50,699 shares during the period. United Services Automobile Association grew its stake in shares of The Hackett Group by 5.5% in the 4th quarter. United Services Automobile Association now owns 181,931 shares of the business services provider’s stock valued at $2,913,000 after buying an additional 9,500 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of The Hackett Group by 3.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,399,501 shares of the business services provider’s stock valued at $28,201,000 after buying an additional 50,699 shares during the period. 78.78% of the stock is owned by 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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