Roth Capital Has Positive Estimate for HCKT FY2024 Earnings

The Hackett Group, Inc. (NASDAQ:HCKT - Free Report) - Research analysts at Roth Capital increased their FY2024 earnings per share (EPS) estimates for shares of The Hackett Group in a research note issued to investors on Monday, December 2nd. Roth Capital analyst J. Martin now expects that the business services provider will post earnings per share of $1.32 for the year, up from their prior forecast of $1.29. Roth Capital has a "Hold" rating on the stock. The consensus estimate for The Hackett Group's current full-year earnings is $1.31 per share.

HCKT has been the topic of a number of other reports. Craig Hallum increased their price objective on The Hackett Group from $30.00 to $32.00 and gave the company a "buy" rating in a research report on Tuesday, November 5th. Roth Mkm increased their price objective on The Hackett Group from $29.00 to $30.00 and gave the company a "buy" rating in a research report on Tuesday, November 5th. Finally, Barrington Research restated an "outperform" rating and issued a $28.00 price target on shares of The Hackett Group in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $30.00.

The Hackett Group Trading Up 1.3 %

HCKT traded up $0.42 during mid-day trading on Wednesday, reaching $32.09. The stock had a trading volume of 81,586 shares, compared to its average volume of 102,678. The stock has a market capitalization of $885.46 million, a P/E ratio of 25.96, a P/E/G ratio of 1.72 and a beta of 1.00. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.51 and a current ratio of 1.51. The firm's fifty day simple moving average is $27.71 and its two-hundred day simple moving average is $25.29. The Hackett Group has a 52 week low of $20.23 and a 52 week high of $32.34.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in The Hackett Group by 3.2% during the first quarter. Vanguard Group Inc. now owns 1,995,053 shares of the business services provider's stock worth $48,480,000 after acquiring an additional 61,635 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in The Hackett Group by 0.6% during the second quarter. Renaissance Technologies LLC now owns 1,053,446 shares of the business services provider's stock worth $22,881,000 after acquiring an additional 6,600 shares in the last quarter. Geode Capital Management LLC lifted its holdings in The Hackett Group by 4.4% during the third quarter. Geode Capital Management LLC now owns 700,253 shares of the business services provider's stock worth $18,399,000 after acquiring an additional 29,699 shares in the last quarter. State Street Corp raised its stake in shares of The Hackett Group by 4.1% in the 3rd quarter. State Street Corp now owns 641,783 shares of the business services provider's stock valued at $16,927,000 after purchasing an additional 25,249 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of The Hackett Group by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 266,317 shares of the business services provider's stock valued at $6,996,000 after purchasing an additional 1,350 shares during the period. 78.12% of the stock is currently owned by institutional investors.

The Hackett Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 20th will be given a $0.11 dividend. The ex-dividend date is Friday, December 20th. This represents a $0.44 annualized dividend and a dividend yield of 1.37%. The Hackett Group's dividend payout ratio is currently 36.07%.

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.