Barrington Research reissued their outperform rating on shares of The Hackett Group (NASDAQ:HCKT – Free Report) in a report released on Tuesday, Benzinga reports. The firm currently has a $28.00 price objective on the business services provider’s stock.
Separately, Roth Capital downgraded The Hackett Group from a strong-buy rating to a hold rating in a report on Wednesday, August 7th.
Read Our Latest Analysis on The Hackett Group
The Hackett Group Stock Performance
The Hackett Group (NASDAQ:HCKT – Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The business services provider reported $0.31 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.31. The business had revenue of $75.90 million during the quarter, compared to the consensus estimate of $74.16 million. The Hackett Group had a return on equity of 38.20% and a net margin of 11.46%. Sell-side analysts expect that The Hackett Group will post 1.28 EPS for the current year.
The Hackett Group Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 20th will be issued a dividend of $0.11 per share. The ex-dividend date is Friday, September 20th. This represents a $0.44 dividend on an annualized basis and a yield of 1.64%. The Hackett Group’s payout ratio is currently 34.92%.
Institutional Trading of The Hackett Group
A number of large investors have recently bought and sold shares of the business. Sanctuary Advisors LLC bought a new position in shares of The Hackett Group during the 2nd quarter worth about $455,000. Pacific Ridge Capital Partners LLC bought a new position in shares of The Hackett Group during the 2nd quarter worth about $656,000. Mackenzie Financial Corp boosted its position in shares of The Hackett Group by 5.2% during the 2nd quarter. Mackenzie Financial Corp now owns 15,034 shares of the business services provider’s stock worth $327,000 after purchasing an additional 748 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of The Hackett Group by 9.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,262 shares of the business services provider’s stock worth $223,000 after purchasing an additional 851 shares in the last quarter. Finally, Millennium Management LLC boosted its position in shares of The Hackett Group by 293.2% during the 2nd 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 in the last quarter. 78.12% of the stock is currently 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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