Hackett Group’s (HCKT) Buy Rating Reiterated at Griffin Securities

Hackett Group’s (HCKT) Buy Rating Reiterated at Griffin Securities

Griffin Securities reaffirmed their buy rating on shares of The Hackett Group, Inc. (NASDAQ:HCKT) in a report published on Friday.

Separately, Zacks Investment Research downgraded shares of The Hackett Group from a buy rating to a hold rating in a research note on Tuesday, January 10th.

Shares of The Hackett Group (NASDAQ:HCKT) opened at 19.31 on Friday. The Hackett Group has a 1-year low of $13.06 and a 1-year high of $20.69. The company has a 50 day moving average price of $17.88 and a 200 day moving average price of $17.11. The stock has a market cap of $551.78 million, a P/E ratio of 29.26 and a beta of 1.00.

The Hackett Group (NASDAQ:HCKT) last announced its quarterly earnings data on Tuesday, February 21st. The company reported $0.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.02. The business earned $70.05 million during the quarter, compared to the consensus estimate of $67.90 million. The Hackett Group had a net margin of 6.80% and a return on equity of 23.77%. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.21 earnings per share. On average, equities analysts anticipate that The Hackett Group will post $1.04 EPS for the current year.

In other The Hackett Group news, Director Richard N. Hamlin sold 40,000 shares of the firm’s stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $20.01, for a total value of $800,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 20.90% of the stock is owned by company insiders.

Hedge funds have recently made changes to their positions in the company. Neumeier Poma Investment Counsel LLC increased its stake in shares of The Hackett Group by 139.4% in the fourth quarter. Neumeier Poma Investment Counsel LLC now owns 621,400 shares of the company’s stock valued at $10,974,000 after buying an additional 361,825 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of The Hackett Group during the fourth quarter valued at about $3,216,000. Hosking Partners LLP increased its stake in shares of The Hackett Group by 12.9% in the third quarter. Hosking Partners LLP now owns 1,042,432 shares of the company’s stock valued at $17,221,000 after buying an additional 119,236 shares during the last quarter. Credit Agricole S A purchased a new stake in shares of The Hackett Group during the fourth quarter valued at about $1,877,000. Finally, Axiom International Investors LLC DE increased its stake in shares of The Hackett Group by 128.1% in the fourth quarter. Axiom International Investors LLC DE now owns 157,276 shares of the company’s stock valued at $2,777,000 after buying an additional 88,325 shares during the last quarter. 75.40% of the stock is owned by institutional investors and hedge funds.

About The Hackett Group

The Hackett Group, Inc is an advisory and technology consulting company. The Company’s services include business transformation, enterprise performance management, working capital management and global business services. The Company is engaged in providing business and technology consulting services.

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