Stock analysts at SunTrust Banks, Inc. initiated coverage on shares of The Hackett Group, Inc. (NASDAQ:HCKT) in a note issued to investors on Thursday. The brokerage set a “buy” rating and a $19.00 price target on the business services provider’s stock. SunTrust Banks, Inc.’s price objective would indicate a potential upside of 22.82% from the stock’s previous close.

A number of other analysts also recently commented on HCKT. Zacks Investment Research upgraded The Hackett Group from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Friday, February 24th. Griffin Securities reiterated a “buy” rating on shares of The Hackett Group in a research report on Friday, March 10th. Craig Hallum downgraded The Hackett Group from a “buy” rating to a “hold” rating and set a $18.00 price objective for the company. in a research report on Wednesday, May 10th. Finally, Roth Capital downgraded The Hackett Group from a “buy” rating to a “neutral” rating and set a $20.00 price objective for the company. in a research report on Wednesday, May 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $20.00.

Analyst Recommendations for The Hackett Group (NASDAQ:HCKT)

Shares of The Hackett Group (NASDAQ HCKT) opened at 15.47 on Thursday. The Hackett Group has a 12-month low of $13.06 and a 12-month high of $20.69. The firm’s 50-day moving average price is $16.12 and its 200 day moving average price is $17.66. The stock has a market capitalization of $452.02 million, a P/E ratio of 20.09 and a beta of 0.79.

The Hackett Group (NASDAQ:HCKT) last announced its quarterly earnings data on Tuesday, May 9th. The business services provider reported $0.23 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.23. The Hackett Group had a return on equity of 28.73% and a net margin of 8.60%. The company had revenue of $71.50 million during the quarter, compared to the consensus estimate of $72.98 million. During the same quarter last year, the company earned $0.20 EPS. The company’s quarterly revenue was up 3.9% on a year-over-year basis. Analysts predict that The Hackett Group will post $0.99 EPS for the current fiscal year.

The company also recently disclosed a semiannual dividend, which will be paid on Tuesday, July 11th. Shareholders of record on Friday, June 30th will be given a $0.15 dividend. The ex-dividend date is Wednesday, June 28th. This represents a dividend yield of 1.94%. This is an increase from The Hackett Group’s previous semiannual dividend of $0.13. The Hackett Group’s dividend payout ratio (DPR) is currently 33.77%.

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Hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. purchased a new stake in shares of The Hackett Group during the fourth quarter worth approximately $3,216,000. Bessemer Group Inc. increased its stake in shares of The Hackett Group by 83.2% in the fourth quarter. Bessemer Group Inc. now owns 43,817 shares of the business services provider’s stock worth $773,000 after buying an additional 19,900 shares in the last quarter. Martingale Asset Management L P increased its stake in shares of The Hackett Group by 25.8% in the fourth quarter. Martingale Asset Management L P now owns 98,547 shares of the business services provider’s stock worth $1,741,000 after buying an additional 20,219 shares in the last quarter. FMR LLC increased its stake in shares of The Hackett Group by 2.1% in the fourth quarter. FMR LLC now owns 614,732 shares of the business services provider’s stock worth $10,856,000 after buying an additional 12,465 shares in the last quarter. Finally, Credit Agricole S A purchased a new stake in shares of The Hackett Group during the fourth quarter worth approximately $1,877,000. Institutional investors own 79.90% of the company’s stock.

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.

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