The Hackett Group, Inc. (NASDAQ:HCKT) – Analysts at Griffin Securities lifted their Q2 2018 earnings per share (EPS) estimates for shares of The Hackett Group in a research report issued to clients and investors on Wednesday. Griffin Securities analyst M. Ajzenman now anticipates that the business services provider will post earnings of $0.23 per share for the quarter, up from their prior forecast of $0.21. Griffin Securities also issued estimates for The Hackett Group’s Q4 2018 earnings at $0.25 EPS.
Several other research firms also recently commented on HCKT. Zacks Investment Research downgraded shares of The Hackett Group from a “hold” rating to a “sell” rating in a report on Friday, November 10th. BidaskClub downgraded shares of The Hackett Group from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. SunTrust Banks reissued a “buy” rating and set a $17.00 price objective on shares of The Hackett Group in a report on Friday, November 10th. Finally, Roth Capital raised shares of The Hackett Group from a “neutral” rating to a “buy” rating and increased their price objective for the company from $16.00 to $20.00 in a report on Thursday, November 9th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $18.33.
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 Hackett Group had a return on equity of 26.10% and a net margin of 8.42%. The business had revenue of $71.50 million during the quarter, compared to analyst estimates of $70.66 million. During the same quarter in the prior year, the business posted $0.25 EPS. The Hackett Group’s revenue for the quarter was down 3.5% compared to the same quarter last year.
The firm also recently declared a semiannual dividend, which was paid on Friday, January 5th. Investors of record on Friday, December 22nd were issued a $0.15 dividend. This represents a dividend yield of 2.02%. The ex-dividend date was Thursday, December 21st. The Hackett Group’s payout ratio is 40.00%.
Several large investors have recently made changes to their positions in HCKT. Trigran Investments Inc. lifted its holdings in shares of The Hackett Group by 79.1% in the 3rd quarter. Trigran Investments Inc. now owns 1,148,490 shares of the business services provider’s stock valued at $17,446,000 after acquiring an additional 507,153 shares during the last quarter. Wasatch Advisors Inc. bought a new position in shares of The Hackett Group in the 3rd quarter valued at about $6,986,000. Boston Partners lifted its holdings in shares of The Hackett Group by 192.8% in the 3rd quarter. Boston Partners now owns 545,482 shares of the business services provider’s stock valued at $8,286,000 after acquiring an additional 359,182 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of The Hackett Group by 10.6% in the 2nd quarter. Vanguard Group Inc. now owns 1,789,845 shares of the business services provider’s stock valued at $27,743,000 after acquiring an additional 171,125 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of The Hackett Group by 122.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 234,600 shares of the business services provider’s stock valued at $3,564,000 after acquiring an additional 129,300 shares during the last quarter. 76.92% of the stock is owned by hedge funds and other institutional investors.
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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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