The Hackett Group, Inc. (NASDAQ:HCKT) – Research analysts at SunTrust Banks lowered their Q3 2017 earnings per share estimates for shares of The Hackett Group in a research note issued to investors on Thursday. SunTrust Banks analyst F. Atkins now anticipates that the business services provider will post earnings per share of $0.21 for the quarter, down from their previous estimate of $0.22. SunTrust Banks has a “Buy” rating and a $19.00 price target on the stock. SunTrust Banks also issued estimates for The Hackett Group’s FY2017 earnings at $0.80 EPS, Q1 2018 earnings at $0.22 EPS, FY2018 earnings at $0.92 EPS and FY2019 earnings at $1.00 EPS.

A number of other brokerages also recently weighed in on HCKT. Roth Capital downgraded The Hackett Group from a “buy” rating to a “neutral” rating and set a $20.00 target price on the stock. in a report on Wednesday, May 10th. BidaskClub cut The Hackett Group from a “hold” rating to a “sell” rating in a research note on Saturday. Zacks Investment Research cut The Hackett Group from a “hold” rating to a “strong sell” rating in a research note on Monday, May 15th. Finally, Craig Hallum cut The Hackett Group from a “buy” rating to a “hold” rating and set a $18.00 price target for the company. in a research note on Wednesday, May 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $20.00.

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Shares of The Hackett Group (HCKT) opened at 13.32 on Monday. The company has a 50 day moving average of $15.74 and a 200 day moving average of $17.14. The Hackett Group has a 52-week low of $13.24 and a 52-week high of $20.69. The firm has a market capitalization of $386.83 million, a PE ratio of 17.74 and a beta of 0.78.

The Hackett Group (NASDAQ:HCKT) last released its earnings results on Tuesday, August 8th. The business services provider reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by $0.02. The Hackett Group had a return on equity of 27.74% and a net margin of 8.42%. The company had revenue of $73.60 million during the quarter, compared to analyst estimates of $74.36 million. During the same period in the prior year, the business posted $0.24 earnings per share. The Hackett Group’s revenue was down 2.6% on a year-over-year basis.

Large investors have recently made changes to their positions in the stock. Eqis Capital Management Inc. boosted its stake in shares of The Hackett Group by 88.0% in the first quarter. Eqis Capital Management Inc. now owns 26,764 shares of the business services provider’s stock valued at $522,000 after buying an additional 12,528 shares during the last quarter. Bowling Portfolio Management LLC purchased a new stake in shares of The Hackett Group during the first quarter valued at approximately $841,000. Essex Investment Management Co. LLC boosted its stake in shares of The Hackett Group by 11.6% in the first quarter. Essex Investment Management Co. LLC now owns 70,882 shares of the business services provider’s stock valued at $1,381,000 after buying an additional 7,391 shares during the last quarter. Punch & Associates Investment Management Inc. boosted its stake in shares of The Hackett Group by 7.4% in the first quarter. Punch & Associates Investment Management Inc. now owns 682,609 shares of the business services provider’s stock valued at $13,304,000 after buying an additional 47,296 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of The Hackett Group by 19.4% in the first quarter. Russell Investments Group Ltd. now owns 215,675 shares of the business services provider’s stock valued at $4,204,000 after buying an additional 34,985 shares during the last quarter. 81.75% of the stock is owned by institutional investors and hedge funds.

The Hackett Group announced that its Board of Directors has approved a stock buyback plan on Monday, May 15th that permits the company to repurchase $5.00 million in shares. This repurchase authorization permits the business services provider to buy up to 1.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

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.

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

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