Trading Report: The Hackett Group Inc. (HCKT) gets Hold status at Zacks Investment Research

The Hackett Group Inc. (HCKT) gets Hold status at Zacks Investment Research

Zacks Investment Research cut shares of The Hackett Group Inc. (NASDAQ:HCKT) from a buy rating to a hold rating in a research note released on Tuesday.

According to Zacks, “The Hackett Group, a global strategic advisory firm and an Answerthink company, is a leader in best practice research and advisory programs, benchmarking and transformation consulting services, including shared services, offshoring and outsourcing advice. Utilizing best practices and implementation insight from more than 4,000 benchmarking studies, executives use Hackett’s empirically based approach to quickly define and prioritize initiatives, and to leverage proven strategies that enable world-class performance. “

The Hackett Group (NASDAQ:HCKT) opened at 16.10 on Tuesday. The company has a 50-day moving average price of $16.30 and a 200-day moving average price of $15.00. The firm has a market capitalization of $459.77 million, a P/E ratio of 31.57 and a beta of 0.96. The Hackett Group has a one year low of $12.44 and a one year high of $20.02.

The Hackett Group (NASDAQ:HCKT) last posted its quarterly earnings data on Tuesday, August 9th. The company reported $0.24 EPS for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.02. The Hackett Group had a return on equity of 20.00% and a net margin of 6.09%. The company had revenue of $75.61 million for the quarter, compared to the consensus estimate of $72.08 million. During the same quarter in the previous year, the business earned $0.19 EPS. The company’s quarterly revenue was up 13.9% compared to the same quarter last year. On average, equities research analysts anticipate that The Hackett Group will post $0.90 EPS for the current year.

Hedge funds have recently bought and sold shares of the company. Acrospire Investment Management LLC increased its stake in The Hackett Group by 71.0% in the second quarter. Acrospire Investment Management LLC now owns 8,672 shares of the company’s stock worth $120,000 after buying an additional 3,600 shares in the last quarter. Walleye Trading LLC increased its stake in The Hackett Group by 142.9% in the second quarter. Walleye Trading LLC now owns 10,200 shares of the company’s stock worth $141,000 after buying an additional 6,000 shares in the last quarter. BlackRock Group LTD increased its stake in The Hackett Group by 44.1% in the second quarter. BlackRock Group LTD now owns 10,304 shares of the company’s stock worth $143,000 after buying an additional 3,151 shares in the last quarter. BlackRock Inc. increased its stake in The Hackett Group by 623.7% in the second quarter. BlackRock Inc. now owns 11,826 shares of the company’s stock worth $164,000 after buying an additional 10,192 shares in the last quarter. Finally, Navellier & Associates Inc increased its stake in The Hackett Group by 10.0% in the second quarter. Navellier & Associates Inc now owns 12,130 shares of the company’s stock worth $168,000 after buying an additional 1,099 shares in the last quarter. 75.69% of the stock is currently owned by institutional investors.

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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