Barrington Research reiterated their outperform rating on shares of The Hackett Group (NASDAQ:HCKT – Free Report) in a report released on Wednesday, Benzinga reports. They currently have a $28.00 target price 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 report on Wednesday, August 7th.
Get Our Latest Stock Analysis on HCKT
The Hackett Group Stock Performance
The Hackett Group (NASDAQ:HCKT – Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The business services provider reported $0.31 EPS for the quarter, meeting analysts’ consensus estimates of $0.31. The Hackett Group had a net margin of 11.46% and a return on equity of 38.20%. The firm had revenue of $75.90 million for the quarter, compared to the consensus estimate of $74.16 million. Research analysts expect that The Hackett Group will post 1.28 EPS for the current fiscal year.
The Hackett Group Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 20th will be paid a dividend of $0.11 per share. The ex-dividend date is Friday, September 20th. This represents a $0.44 annualized dividend and a dividend yield of 1.69%. The Hackett Group’s dividend payout ratio (DPR) is 34.92%.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. Harbor Capital Advisors Inc. increased its stake 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 purchasing an additional 73,605 shares during the last quarter. Values First Advisors Inc. acquired a new position in shares of The Hackett Group during the 2nd quarter worth $1,799,000. BOKF NA bought a new stake in shares of The Hackett Group during the 1st quarter worth $305,000. Greenwood Capital Associates LLC boosted its holdings in shares of The Hackett Group by 12.5% during the 1st quarter. Greenwood Capital Associates LLC now owns 19,905 shares of the business services provider’s stock worth $484,000 after buying an additional 2,206 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of The Hackett Group by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 1,995,053 shares of the business services provider’s stock worth $48,480,000 after buying an additional 61,635 shares during the period. Institutional investors and hedge funds own 78.12% of the company’s stock.
About The Hackett Group
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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