Shares of The Hackett Group, Inc. (NASDAQ:HCKT) have received an average recommendation of “Hold” from the six ratings firms that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $18.33.

HCKT has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of The Hackett Group from a “sell” rating to a “hold” rating in a research report on Wednesday, November 1st. BidaskClub downgraded shares of The Hackett Group from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. SunTrust Banks, Inc. reiterated a “buy” rating and set a $17.00 target price on shares of The Hackett Group in a research report on Friday. Finally, Roth Capital upgraded shares of The Hackett Group from a “neutral” rating to a “buy” rating and boosted their target price for the company from $16.00 to $20.00 in a research report on Thursday.

Shares of The Hackett Group (NASDAQ:HCKT) opened at $15.29 on Monday. The firm has a market cap of $438.15, a P/E ratio of 20.39, a price-to-earnings-growth ratio of 1.27 and a beta of 0.81. The Hackett Group has a 1-year low of $13.24 and a 1-year high of $20.69. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.22.

The Hackett Group (NASDAQ:HCKT) last issued its quarterly earnings results on Tuesday, November 7th. The business services provider reported $0.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.01. The firm had revenue of $71.50 million for the quarter, compared to the consensus estimate of $70.66 million. The Hackett Group had a net margin of 8.42% and a return on equity of 26.10%. The company’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.25 EPS. equities analysts predict that The Hackett Group will post 0.8 earnings per share for the current fiscal year.

The Hackett Group declared that its board has authorized a stock buyback program on Tuesday, August 8th that allows the company to buyback $5.00 million in outstanding shares. This buyback authorization allows the business services provider to reacquire up to 17% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

The firm also recently disclosed a semiannual dividend, which will be paid on Friday, January 5th. Shareholders of record on Friday, December 22nd will be issued a dividend of $0.15 per share. The ex-dividend date is Thursday, December 21st. This represents a yield of 2.02%. The Hackett Group’s payout ratio is 40.00%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC bought a new stake in shares of The Hackett Group in the 2nd quarter worth $116,000. Victory Capital Management Inc. grew its stake in shares of The Hackett Group by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 7,522 shares of the business services provider’s stock worth $117,000 after acquiring an additional 1,127 shares in the last quarter. Mountain Capital Investment Advisors Inc bought a new stake in shares of The Hackett Group in the 2nd quarter worth $124,000. Frontier Wealth Management LLC bought a new stake in shares of The Hackett Group in the 2nd quarter worth $171,000. Finally, Voya Investment Management LLC bought a new stake in shares of The Hackett Group in the 2nd quarter worth $175,000. Hedge funds and other institutional investors own 76.42% of the company’s stock.

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The Hackett Group Company Profile

The Hackett Group, Inc is an advisory and technology consulting company. The Company’s services include business transformation, enterprise performance management, working capital management and global business services. The Company is engaged in providing business and technology consulting services.

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