Several other analysts have also recently commented on the stock. Zacks Investment Research cut shares of GenMark Diagnostics from a hold rating to a sell rating in a research note on Wednesday, April 24th. Barrington Research reiterated a buy rating and issued a $22.00 price target on shares of The Hackett Group in a research note on Friday, June 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The Hackett Group has an average rating of Hold and a consensus target price of $22.50.
HCKT opened at $16.69 on Thursday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.93 and a current ratio of 1.93. The Hackett Group has a fifty-two week low of $15.16 and a fifty-two week high of $22.84. The company’s fifty day moving average price is $16.64. The stock has a market cap of $496.36 million, a PE ratio of 15.75, a price-to-earnings-growth ratio of 1.24 and a beta of 0.82.
The Hackett Group (NASDAQ:HCKT) last announced its quarterly earnings results on Tuesday, May 7th. The business services provider reported $0.17 EPS for the quarter, hitting the consensus estimate of $0.17. The business had revenue of $62.40 million for the quarter, compared to analysts’ expectations of $65.99 million. The Hackett Group had a net margin of 8.35% and a return on equity of 21.76%. The business’s quarterly revenue was down 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.26 EPS. On average, equities research analysts anticipate that The Hackett Group will post 0.9 EPS for the current year.
The firm also recently announced a semiannual dividend, which was paid on Wednesday, July 10th. Stockholders of record on Friday, June 28th were issued a $0.18 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This is an increase from The Hackett Group’s previous semiannual dividend of $0.17. This represents a dividend yield of 2.17%. The Hackett Group’s payout ratio is 33.96%.
Institutional investors have recently bought and sold shares of the company. Acadian Asset Management LLC bought a new stake in shares of The Hackett Group in the 4th quarter worth about $61,000. Legal & General Group Plc increased its holdings in shares of The Hackett Group by 15.9% in the 4th quarter. Legal & General Group Plc now owns 4,383 shares of the business services provider’s stock worth $71,000 after buying an additional 600 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of The Hackett Group by 4,079.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 5,015 shares of the business services provider’s stock worth $79,000 after buying an additional 4,895 shares during the last quarter. Strs Ohio bought a new stake in shares of The Hackett Group in the 1st quarter worth about $107,000. Finally, SG Americas Securities LLC bought a new stake in shares of The Hackett Group in the 1st quarter worth about $120,000. Hedge funds and other institutional investors own 79.13% of the company’s stock.
The Hackett Group Company Profile
The Hackett Group, Inc operates as a strategic advisory and technology consulting firm primarily in North America and European countries. Its executive advisory programs include best practice intelligence center, an online searchable repository of best practices, performance metrics, conference presentations, and associated research; best practice accelerators that provide Web-based access to best practices, customized software configuration tools, and best practice process flows; advisor inquiry, an inquiry service used by clients for access to fact-based advice on proven approaches and methods; best practice research, a research that provides insights into the proven approaches; and peer interaction comprising member-led Webcasts, annual best practice conferences, annual member forums, membership performance surveys, and client-submitted content.
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