In yesterday’s Wall Street session, The Hackett Group Inc. (NASDAQ:HCKT) shares traded at $21.96, up 5.53% from the previous session.
3 analysts cover The Hackett Group Inc. (NASDAQ:HCKT), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $30.00 and a low of $26.00, we find $30.00. Given the previous closing price of $20.81, this indicates a potential upside of 44.16 percent. HCKT stock price is now 1.95% away from the 50-day moving average and 4.83% away from the 200-day moving average. The market capitalization of the company currently stands at $678.78M.
The stock has received a hold rating from 0 analysts and a buy rating from 3. Brokers who have rated the stock have averaged $28.67 as their price target over the next twelve months.
With the price target enhanced from $18 to $20, Craig Hallum Upgraded its rating from Hold to Buy for The Hackett Group Inc. (NASDAQ: HCKT)., while ‘Barrington Research’ rates the stock as ‘Outperform’.
Insiders disposed of 2,130,099 shares of company stock worth roughly $46.78 million over the past 1 year. A total of 7.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in HCKT stock. A new stake in The Hackett Group Inc. shares was purchased by ALLIANZ ASSET MANAGEMENT GMBH during the first quarter worth $3,125,000. CONNORS INVESTOR SERVICES INC invested $2,291,000 in shares of HCKT during the first quarter. In the first quarter, AVIVA PLC acquired a new stake in The Hackett Group Inc. valued at approximately $1,193,000. NORTH STAR INVESTMENT MANAGEMENT CORP. acquired a new stake in HCKT for approximately $1,029,000. TEACHER RETIREMENT SYSTEM OF TEXAS purchased a new stake in HCKT valued at around $818,000 in the second quarter. In total, there are 225 active investors with 78.50% ownership of the company’s stock.
On Monday morning The Hackett Group Inc. (NASDAQ: HCKT) stock kicked off with the opening price of $20.80. During the past 12 months, The Hackett Group Inc. has had a low of $16.92 and a high of $24.78. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 2.40, and a quick ratio of 2.40. The fifty day moving average price for HCKT is $21.56 and a two-hundred day moving average price translates $20.94 for the stock.
The latest earnings results from The Hackett Group Inc. (NASDAQ: HCKT) was released for Jun, 2022. According to the Information Technology Services Company, earnings per share came in at $0.38, beating analysts’ expectations of $0.34 by 0.04. This compares to $0.25 EPS in the same period last year. The net profit margin was 16.20% and return on equity was 31.00% for HCKT. The company reported revenue of $72.03 million for the quarter, compared to $71.89 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.19 percent. For the current quarter, analysts expect HCKT to generate $72.38M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/06/2023. Investors who held shares on 12/23/2022 were paid a $0.11 dividend. On an annualized basis, this represents a $0.44 dividend and a 2.00% percent yield. There was an ex-dividend date of 12/22/2022 for this dividend. In terms of dividend payout ratio, HCKT is presently at 28.00%.
The Hackett Group Inc.(HCKT) Company Profile
The Hackett Group, Inc. operates as a strategic advisory and technology consulting firm primarily in North America and internationally. It offers best practice intelligence center, an online searchable repository; best practice accelerators that provide web-based access to best practices, customized software configuration tools, and best practice process flows; advisor inquiry for access to fact-based advice on proven approaches and methods; best practice 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, as well as intellectual property as-a-service and Hackett Institute programs. The company’s benchmarking services conduct studies for selling, general and administrative, finance, human resources, information technology, procurement, enterprise performance management, and shared services; and business transformation practices to help clients develop coordinated strategy for achieving performance enhancements across the enterprise. It also provides Oracle EEA solutions for core financial close and consolidation, integrated business planning, and reporting/advanced analytics areas. In addition, the company offers SAP solutions, including planning, architecture, and vendor evaluation and selection through implementation, customization, testing, and integration; post-implementation support, change management, exception management, process transparency, system documentation, and end-user training; off-shore application development, and application maintenance and support services; and OneStream practice that helps clients choose and deploy OneStream XF Platform and Market Place solutions. The company was formerly known as Answerthink, Inc. and changed its name to The Hackett Group, Inc. in 2008. The Hackett Group, Inc. was founded in 1991 and is headquartered in Miami, Florida.