The Hackett Group (HCKT) Stock Rating Lowered by ValuEngine

ValuEngine cut shares of The Hackett Group (NASDAQ:HCKT) from a buy rating to a hold rating in a research note issued to investors on Wednesday.

Several other equities analysts have also recently issued reports on the stock. Barrington Research lifted their price objective on shares of The Hackett Group from $22.00 to $23.00 and gave the stock an outperform rating in a research note on Thursday, November 8th. BidaskClub raised shares of The Hackett Group from a buy rating to a strong-buy rating in a research note on Thursday, October 18th. Zacks Investment Research cut shares of The Hackett Group from a hold rating to a sell rating in a research note on Tuesday, August 14th. Finally, SunTrust Banks reaffirmed a buy rating and issued a $23.00 price objective on shares of The Hackett Group in a research note on Thursday, August 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of Buy and an average target price of $21.33.

Shares of HCKT opened at $17.04 on Wednesday. The company has a market capitalization of $506.24 million, a PE ratio of 21.17, a price-to-earnings-growth ratio of 1.28 and a beta of 0.95. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.88 and a current ratio of 1.88. The Hackett Group has a 12-month low of $15.03 and a 12-month high of $22.84.

The Hackett Group (NASDAQ:HCKT) last announced its quarterly earnings data on Tuesday, November 6th. The business services provider reported $0.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.06). The business had revenue of $73.84 million during the quarter, compared to analyst estimates of $73.70 million. The Hackett Group had a return on equity of 22.48% and a net margin of 11.48%. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.26 EPS. As a group, research analysts forecast that The Hackett Group will post 0.89 EPS for the current fiscal year.

The firm also recently disclosed a semiannual dividend, which will be paid on Friday, January 4th. Stockholders of record on Friday, December 21st will be paid a $0.17 dividend. The ex-dividend date of this dividend is Thursday, December 20th. This represents a dividend yield of 1.7%. This is a boost from The Hackett Group’s previous semiannual dividend of $0.15. The Hackett Group’s payout ratio is currently 44.74%.

Institutional investors and hedge funds have recently made changes to their positions in the company. Eqis Capital Management Inc. increased its position in shares of The Hackett Group by 17.7% in the second quarter. Eqis Capital Management Inc. now owns 27,589 shares of the business services provider’s stock worth $443,000 after acquiring an additional 4,153 shares in the last quarter. First Trust Advisors LP increased its position in shares of The Hackett Group by 21.1% in the second quarter. First Trust Advisors LP now owns 30,329 shares of the business services provider’s stock worth $487,000 after acquiring an additional 5,281 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of The Hackett Group by 1.5% in the second quarter. Bank of New York Mellon Corp now owns 296,053 shares of the business services provider’s stock worth $4,757,000 after acquiring an additional 4,344 shares in the last quarter. LSV Asset Management increased its position in shares of The Hackett Group by 7.1% in the second quarter. LSV Asset Management now owns 757,942 shares of the business services provider’s stock worth $12,180,000 after acquiring an additional 50,267 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of The Hackett Group by 23.9% in the second quarter. Russell Investments Group Ltd. now owns 293,300 shares of the business services provider’s stock worth $4,713,000 after acquiring an additional 56,500 shares in the last quarter. 79.88% of the stock is currently owned by institutional investors.

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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