The Hackett Group (NASDAQ:HCKT) Announces Earnings Results

The Hackett Group (NASDAQ:HCKT) posted its earnings results on Tuesday. The business services provider reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.01, FiscalAI reports. The Hackett Group had a net margin of 3.53% and a return on equity of 23.20%. The firm had revenue of $75.75 million during the quarter, compared to analyst estimates of $71.07 million.

The Hackett Group Stock Performance

HCKT traded down $0.10 during trading hours on Tuesday, hitting $13.83. The stock had a trading volume of 365,425 shares, compared to its average volume of 215,565. The Hackett Group has a 1 year low of $13.54 and a 1 year high of $34.02. The company’s fifty day simple moving average is $18.92 and its 200 day simple moving average is $19.34. The stock has a market cap of $375.21 million, a PE ratio of 36.40, a price-to-earnings-growth ratio of 0.88 and a beta of 1.03. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.43.

Hedge Funds Weigh In On The Hackett Group

Several large investors have recently modified their holdings of HCKT. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of The Hackett Group by 70.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 37,946 shares of the business services provider’s stock valued at $745,000 after buying an additional 15,690 shares in the last quarter. Verition Fund Management LLC bought a new stake in The Hackett Group during the 3rd quarter valued at $670,000. Nebula Research & Development LLC lifted its position in shares of The Hackett Group by 35.6% during the second quarter. Nebula Research & Development LLC now owns 25,386 shares of the business services provider’s stock worth $645,000 after acquiring an additional 6,663 shares in the last quarter. Brevan Howard Capital Management LP bought a new position in shares of The Hackett Group in the second quarter worth $549,000. Finally, Brooklyn Investment Group purchased a new position in shares of The Hackett Group in the fourth quarter valued at $495,000. Hedge funds and other institutional investors own 78.12% of the company’s stock.

Wall Street Analyst Weigh In

HCKT has been the subject of several analyst reports. Barrington Research reiterated an “outperform” rating and issued a $27.00 price objective on shares of The Hackett Group in a research note on Thursday, February 5th. Weiss Ratings lowered The Hackett Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, February 5th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $27.00.

The Hackett Group Company Profile

The Hackett Group is a global strategic advisory firm specializing in business transformation, benchmarking and research. Leveraging a proprietary data repository and the Hackett Methodology®, the company helps organizations optimize performance across enterprise functions. Its advisory services span digital transformation, process optimization and operational excellence, enabling clients to identify best practices, streamline workflows and achieve sustainable cost savings.

Through detailed benchmarking studies and industry research, The Hackett Group delivers actionable insights into finance, procurement, human resources, information technology and supply chain management.