Barrington Research restated their outperform rating on shares of The Hackett Group (NASDAQ:HCKT – Free Report) in a research note issued to investors on Tuesday, Benzinga reports. Barrington Research currently has a $28.00 price target on the business services provider’s stock.
Separately, Roth Capital downgraded shares of The Hackett Group from a strong-buy rating to a hold rating in a research note on Wednesday, August 7th.
View Our Latest Analysis on The Hackett Group
The Hackett Group Stock Up 3.4 %
The Hackett Group (NASDAQ:HCKT – Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The business services provider reported $0.31 earnings per share for the quarter, hitting the consensus estimate of $0.31. The business had revenue of $75.90 million during the quarter, compared to analysts’ expectations of $74.16 million. The Hackett Group had a return on equity of 38.20% and a net margin of 11.46%. As a group, analysts expect that The Hackett Group will post 1.28 EPS for the current year.
The Hackett Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 20th will be issued a $0.11 dividend. The ex-dividend date is Friday, September 20th. This represents a $0.44 annualized dividend and a yield of 1.65%. The Hackett Group’s dividend payout ratio is presently 34.92%.
Institutional Trading of The Hackett Group
Several large investors have recently modified their holdings of HCKT. Millennium Management LLC lifted its position in The Hackett Group by 293.2% during the second quarter. Millennium Management LLC now owns 224,567 shares of the business services provider’s stock worth $4,878,000 after purchasing an additional 167,453 shares during the period. Values First Advisors Inc. bought a new stake in shares of The Hackett Group during the 2nd quarter worth approximately $1,799,000. Aristides Capital LLC boosted its position in shares of The Hackett Group by 111.8% during the 1st quarter. Aristides Capital LLC now owns 144,869 shares of the business services provider’s stock worth $3,520,000 after acquiring an additional 76,472 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in shares of The Hackett Group by 273.4% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 100,527 shares of the business services provider’s stock worth $2,183,000 after acquiring an additional 73,605 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in The Hackett Group by 3.2% in the first quarter. Vanguard Group Inc. now owns 1,995,053 shares of the business services provider’s stock valued at $48,480,000 after acquiring an additional 61,635 shares during the last quarter. 78.12% of the stock is owned by institutional investors and hedge funds.
The Hackett Group Company Profile
The Hackett Group, Inc operates as an intellectual property-based executive advisory, strategic consulting, and digital transformation company in the United States, Europe, and internationally. The company operates through three segments: Global Strategy & Business Transformation, Oracle Solutions, and SAP Solutions.
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