The Hackett Group Inc. (HCKT) Trading 2.9% Higher
The Hackett Group Inc. (NASDAQ:HCKT) shares traded up 2.9% 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 cut shares of The Hackett Group from a “buy” rating to a “hold” rating in a research report on Tuesday, April 26th.
The company has a 50-day moving average price of $13.97 and a 200-day moving average price of $14.36. The stock has a market cap of $401.60 million and a price-to-earnings ratio of 30.41.
The Hackett Group (NASDAQ:HCKT) last issued its earnings results on Tuesday, May 10th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. The business 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% on a year-over-year basis. Equities analysts anticipate that The Hackett Group Inc. will post $0.87 EPS for the current year.
The company also recently disclosed a semiannual dividend, which was paid on Monday, July 11th. Investors of record on Thursday, June 30th were issued a $0.13 dividend. The ex-dividend date was Tuesday, June 28th. This represents a yield of 1.77%. This is an increase from The Hackett Group’s previous semiannual dividend of $0.10.
A number of institutional investors have recently added to or reduced their stakes in HCKT. Cornerstone Capital Management Holdings LLC. increased 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 worth $1,446,000 after buying an additional 38,453 shares in the last quarter. Systematic Financial Management LP bought a new stake in shares of The Hackett Group during the fourth quarter worth about $1,669,000. Finally, Wells Fargo & Company MN boosted its stake in shares of The Hackett Group by 6.9% in the fourth quarter. Wells Fargo & Company MN now owns 729,234 shares of the company’s stock worth $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.