The Hackett Group (HCKT) Hits New 12-Month High at $20.61

The Hackett Group, Inc. (NASDAQ:HCKT) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $20.61 and last traded at $20.51, with a volume of 4519 shares trading hands. The stock had previously closed at $20.27.

HCKT has been the subject of several research analyst reports. Barrington Research set a $22.00 target price on shares of The Hackett Group and gave the company a “buy” rating in a research report on Friday, October 5th. ValuEngine upgraded shares of The Hackett Group from a “hold” rating to a “buy” rating in a research report on Thursday, August 9th. Zacks Investment Research lowered shares of The Hackett Group from a “hold” rating to a “sell” rating in a research report on Tuesday, August 14th. BidaskClub upgraded shares of The Hackett Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 25th. Finally, SunTrust Banks reiterated a “buy” rating and set a $23.00 target price on shares of The Hackett Group in a research report on Thursday, August 9th. One equities research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The Hackett Group has a consensus rating of “Buy” and a consensus price target of $20.75.

The stock has a market cap of $586.88 million, a PE ratio of 26.99, a P/E/G ratio of 1.50 and a beta of 0.98. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.11.



The Hackett Group (NASDAQ:HCKT) last announced its quarterly earnings data on Tuesday, August 7th. The business services provider reported $0.27 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.27. The firm had revenue of $75.65 million during the quarter, compared to analyst estimates of $75.04 million. The Hackett Group had a net margin of 11.62% and a return on equity of 23.41%. Equities analysts expect that The Hackett Group, Inc. will post 0.89 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its holdings in shares of The Hackett Group by 0.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,715,261 shares of the business services provider’s stock valued at $27,547,000 after purchasing an additional 5,242 shares during the last quarter. Amundi Pioneer Asset Management Inc. grew its holdings in shares of The Hackett Group by 2.2% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 144,912 shares of the business services provider’s stock valued at $2,328,000 after purchasing an additional 3,148 shares during the last quarter. Millennium Management LLC grew its holdings in shares of The Hackett Group by 9.7% during the first quarter. Millennium Management LLC now owns 135,750 shares of the business services provider’s stock valued at $2,180,000 after purchasing an additional 11,965 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of The Hackett Group during the first quarter valued at approximately $177,000. Finally, Campbell & CO Investment Adviser LLC grew its holdings in shares of The Hackett Group by 103.8% during the second quarter. Campbell & CO Investment Adviser LLC now owns 28,268 shares of the business services provider’s stock valued at $454,000 after purchasing an additional 14,400 shares during the last quarter. Hedge funds and other institutional investors own 78.69% of the company’s stock.

The Hackett Group Company Profile (NASDAQ:HCKT)

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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