Shares of The Hackett Group, Inc. (NASDAQ:HCKT) have received an average broker rating score of 1.00 (Strong Buy) from the three analysts that cover the stock, Zacks Investment Research reports. Three investment analysts have rated the stock with a strong buy recommendation.
Analysts have set a one year consensus price target of $19.33 for the company and are predicting that the company will post $0.15 EPS for the current quarter, according to Zacks. Zacks has also given The Hackett Group an industry rank of 154 out of 265 based on the ratings given to related companies.
Separately, Roth Capital raised their price target on shares of The Hackett Group from $16.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, November 11th.
In other The Hackett Group news, CFO Roberto A. Ramirez sold 4,000 shares of the company’s stock in a transaction dated Friday, December 18th. The shares were sold at an average price of $16.76, for a total transaction of $67,040.00. Following the transaction, the chief financial officer now owns 213,164 shares in the company, valued at approximately $3,572,628.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ted A. Fernandez sold 37,500 shares of the company’s stock in a transaction dated Wednesday, November 25th. The shares were sold at an average price of $18.79, for a total transaction of $704,625.00. Following the transaction, the chief executive officer now owns 2,556,245 shares in the company, valued at approximately $48,031,843.55. The disclosure for this sale can be found here.
An institutional investor recently bought a new position in The Hackett Group stock. Gerstein Fisher acquired a new stake in The Hackett Group, Inc. (NASDAQ:HCKT) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 10,990 shares of the company’s stock, valued at approximately $151,000.
The Hackett Group (NASDAQ:HCKT) opened at 16.07 on Monday. The firm has a market cap of $472.17 million and a price-to-earnings ratio of 36.52. The company has a 50-day moving average of $17.77 and a 200-day moving average of $14.87. The Hackett Group has a 52 week low of $7.31 and a 52 week high of $20.02.
The Hackett Group (NASDAQ:HCKT) last released its quarterly earnings results on Tuesday, November 10th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.02. The firm had revenue of $67.20 million for the quarter, compared to the consensus estimate of $64.41 million. The Hackett Group’s quarterly revenue was up 11.3% compared to the same quarter last year. Equities research analysts forecast that The Hackett Group will post $0.75 earnings per share for the current fiscal year.
The company also recently declared a semiannual dividend, which will be paid on Friday, January 8th. Investors of record on Monday, December 28th will be given a dividend of $0.10 per share. This represents a dividend yield of 1.09%. The ex-dividend date is Wednesday, December 23rd.
The Hackett Group, Inc. is an advisory firm. The Company offers advisory, benchmarking, and transformation consulting services, including shared services, off shoring and outsourcing advice. Through its Archstone Consulting group (NASDAQ:HCKT), the Company offers strategy and operations consulting services in the consumer and industrial products, pharmaceutical, manufacturing and financial services industry sectors. Through its REL group, the Company offers working capital solutions focused on delivering cash flow improvements. Through its Enterprise Resource Planning Solutions group (ERP Solutions), the Company offers business application consulting services.
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