Shares of The Hackett Group Inc. (NASDAQ:HCKT) rose 2.9% during trading on Monday . The company traded as high as $13.84 and last traded at $13.78, with a volume of 63,256 shares changing hands. The stock had previously closed at $13.39.

Separately, Zacks Investment Research downgraded The Hackett Group from a “buy” rating to a “hold” rating in a research report on Tuesday, April 26th.

The firm has a market capitalization of $394.42 million and a P/E ratio of 29.87. The company’s 50 day moving average price is $13.92 and its 200 day moving average price is $14.34.

The Hackett Group (NASDAQ:HCKT) last announced its quarterly earnings results on Tuesday, May 10th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. The business had revenue of $68.80 million for the quarter, compared to analysts’ expectations of $67.23 million. The business’s revenue was up 12.8% on a year-over-year basis. On average, analysts anticipate that The Hackett Group Inc. will post $0.87 EPS for the current fiscal year.

The company also recently disclosed a semiannual dividend, which was paid on Monday, July 11th. Shareholders of record on Thursday, June 30th were given a dividend of $0.13 per share. The ex-dividend date was Tuesday, June 28th. This is an increase from The Hackett Group’s previous semiannual dividend of $0.10. This represents a yield of 1.77%.

A number of hedge funds have recently bought and sold shares of HCKT. Cornerstone Capital Management Holdings LLC. boosted its stake in The Hackett Group by 74.7% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 89,953 shares of the company’s stock valued at $1,446,000 after buying an additional 38,453 shares during the last quarter. Systematic Financial Management LP purchased a new stake in The Hackett Group during the fourth quarter valued at $1,669,000. Finally, Wells Fargo & Company MN boosted its stake in The Hackett Group by 6.9% in the fourth quarter. Wells Fargo & Company MN now owns 729,234 shares of the company’s stock valued at $11,718,000 after buying an additional 46,871 shares during the last quarter.

The Hackett Group, Inc is an advisory firm. The Company offers advisory, benchmarking, and transformation consulting services, including shared services, off shoring and outsourcing advice. Through its Archstone Consulting group (Archstone), the Company offers strategy and operations consulting services in the consumer and industrial products, pharmaceutical, manufacturing and financial services industry sectors.

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