The Hackett Group Inc. (HCKT) Stock Price Down 4.8%
Shares of The Hackett Group Inc. (NASDAQ:HCKT) dropped 4.8% during mid-day trading on Friday . The stock traded as low as $13.06 and last traded at $13.22, with a volume of 120,825 shares trading hands. The stock had previously closed at $13.89.
Separately, Zacks Investment Research cut shares of The Hackett Group from a “buy” rating to a “hold” rating in a report on Tuesday, April 26th.
The firm has a 50 day moving average price of $13.97 and a 200 day moving average price of $14.36. The firm has a market cap of $384.37 million and a P/E ratio of 29.11.
The Hackett Group (NASDAQ:HCKT) last announced its quarterly earnings data on Tuesday, May 10th. The company reported $0.20 EPS for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.01. The firm earned $68.80 million during the quarter, compared to analyst estimates of $67.23 million. The company’s revenue for the quarter was up 12.8% compared to the same quarter last year. Equities analysts anticipate that The Hackett Group Inc. will post $0.87 EPS for the current fiscal year.
The business also recently announced a semiannual dividend, which was paid on Monday, July 11th. Stockholders of record on Thursday, June 30th were given a dividend of $0.13 per share. This is an increase from The Hackett Group’s previous semiannual dividend of $0.10. The ex-dividend date of this dividend was Tuesday, June 28th. This represents a dividend yield of 1.77%.
Several institutional investors recently bought and sold shares of HCKT. Cornerstone Capital Management Holdings LLC. raised its position 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. Wells Fargo & Company MN raised its position 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. Finally, Systematic Financial Management LP bought a new position in The Hackett Group during the fourth quarter valued at about $1,669,000.
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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