The Hackett Group Inc. (NASDAQ:HCKT) – Griffin Securities boosted their Q3 2017 earnings per share (EPS) estimates for The Hackett Group in a report issued on Tuesday. Griffin Securities analyst Z. Ajzenman now forecasts that the brokerage will post earnings of $0.23 per share for the quarter, up from their prior estimate of $0.22. Griffin Securities also issued estimates for The Hackett Group’s Q4 2017 earnings at $0.24 EPS.

Several other brokerages also recently issued reports on HCKT. Zacks Investment Research upgraded The Hackett Group from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research report on Thursday. Barrington Research initiated coverage on The Hackett Group in a research report on Monday, October 17th. They issued an “outperform” rating and a $20.00 price objective on the stock.

Earnings History and Estimates for The Hackett Group (NASDAQ:HCKT)

The Hackett Group (NASDAQ:HCKT) opened at 16.74 on Thursday. The firm has a 50-day moving average price of $16.18 and a 200 day moving average price of $15.21. The firm has a market capitalization of $478.04 million, a P/E ratio of 32.82 and a beta of 1.01. The Hackett Group has a 52-week low of $12.44 and a 52-week high of $20.02.

The Hackett Group (NASDAQ:HCKT) last released its earnings results on Monday, November 7th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.02. The company earned $74.12 million during the quarter, compared to the consensus estimate of $73.10 million. The Hackett Group had a return on equity of 23.77% and a net margin of 6.80%. The Hackett Group’s revenue was up 10.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.20 EPS.

Institutional investors have recently added to or reduced their stakes in the company. ClariVest Asset Management LLC increased its position in The Hackett Group by 3.7% in the second quarter. ClariVest Asset Management LLC now owns 312,356 shares of the company’s stock valued at $4,332,000 after buying an additional 11,220 shares during the period. Lucus Advisors LLC acquired a new position in The Hackett Group during the second quarter valued at $354,000. Strs Ohio increased its position in The Hackett Group by 8.4% in the second quarter. Strs Ohio now owns 46,500 shares of the company’s stock valued at $644,000 after buying an additional 3,600 shares during the period. Smith Asset Management Group LP increased its position in The Hackett Group by 170.1% in the second quarter. Smith Asset Management Group LP now owns 214,057 shares of the company’s stock valued at $2,969,000 after buying an additional 134,807 shares during the period. Finally, Bank of Montreal Can acquired a new position in The Hackett Group during the second quarter valued at $258,000. Hedge funds and other institutional investors own 74.53% of the company’s stock.

The business also recently disclosed a semiannual dividend, which will be paid on Thursday, January 5th. Stockholders of record on Thursday, December 22nd will be given a $0.13 dividend. The ex-dividend date is Tuesday, December 20th. This represents a dividend yield of 1.63%. The Hackett Group’s dividend payout ratio is currently 44.07%.

The Hackett Group Company Profile

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.

5 Day Chart for NASDAQ:HCKT

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