The Hackett Group (HCKT) was Initiated by Barrington Research to “Outperform” and the brokerage firm has set the Price Target at $20. Barrington Research advised their investors in a research report released on Oct 17, 2016.
On the company’s financial health, The Hackett Group reported $0.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 9, 2016. Analyst had a consensus of $0.22. The company had revenue of $75.61 million for the quarter, compared to analysts expectations of $72.08 million. The company’s revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS.
The Hackett Group closed down -0.12 points or -0.75% at $15.94 with 1,33,967 shares getting traded on Friday. Post opening the session at $16.06, the shares hit an intraday low of $15.9 and an intraday high of $16.18 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Mar 2, 2016, Ted A Fernandez (Chairman and CEO) sold 25,000 shares at $13.98 per share price. According to the SEC, on Mar 2, 2016, David N Dungan (Vice Chairman and COO) sold 10,208 shares at $13.97 per share price. On Dec 22, 2015, Roberto A Ramirez, (Chief Financial Officer) sold 4,000 shares at $16.76 per share price, according to the Form-4 filing with the securities and exchange commission.
The Hackett Group Inc. is an advisory firm. The Company offers advisory benchmarking and transformation consulting services including shared services off shoring and outsourcing advice. Through its Archstone Consulting group (Archstone) the Company offers strategy and operations consulting services in the consumer and industrial products pharmaceutical manufacturing and financial services industry sectors. Through its REL group the Company offers working capital solutions focused on delivering cash flow improvements. Through its Enterprise Resource Planning Solutions group (ERP Solutions) the Company offers business application consulting services.