The Hackett Group Inc. (NASDAQ: HCKT) stock jumped 2.24% on Friday to $20.53 against a previous-day closing price of $20.08. With 0.13 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.14 million shares. During the session, the Information Technology Services company that operates in wider Technology sector, reached to the highest price of $20.53 whereas the lowest price it dropped to was $20.10. The 52-week range on HCKT shows that it touched its highest point at $24.78 and its lowest point at $16.92 during that stretch. It currently has a 1-year price target of $28.33. With its current market cap of 655.52 million, HCKT has annualized dividend of $0.44 while the current yield stands at 2.14%. Beta for the stock currently stands at 0.64.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of HCKT was up-trending over the past week, with a rise of 2.24%, but this was up by 7.32% over a month. Three-month performance dropped to -14.57% while six-month performance rose 6.21%. The stock gained 14.89% in the past year, while it has lost 0.00% so far this year. A look at the trailing 12-month EPS for HCKT yields 1.40 with Next year EPS estimates of 1.58. For the next quarter, that number is 0.34. This implies an EPS growth rate of 625.40% for this year and 8.00% for next year. EPS is expected to grow by 15.50% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 14.80%.
Float and Shares Shorts:
At present, 31.45 million HCKT shares are outstanding with a float of 26.79 million shares on hand for trading. On Apr 28, 2022, short shares totaled 0.5 million, which was 1.59% higher than short shares on Mar 30, 2022. In addition to Mr. Ted A. Fernandez as the firm’s Co-Founder, Chairman & CEO, Mr. David N. Dungan serves as its Co-Founder, Vice Chairman & COO.
Institutional Ownership:
Through their ownership of 79.08% of HCKT’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 49.53% of HCKT, in contrast to 28.58% held by mutual funds. Shares owned by individuals account for 21.59%. As the largest shareholder in HCKT with 8.72% of the stake, Trigran Investments, Inc. holds 2,758,521 shares worth 2,758,521. A second-largest stockholder of HCKT, BlackRock Fund Advisors, holds 1,586,058 shares, controlling over 5.01% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in HCKT, holding 1,547,071 shares or 4.89% stake. With a 2.47% stake in HCKT, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 781,605 shares are owned by the mutual fund manager. The Royce Small-Cap Total Return Fund, which owns about 2.08% of HCKT stock, is the second-largest Mutual Fund holder. It holds 659,509 shares valued at 12.51 million. iShares Russell 2000 ETF holds 1.68% of the stake in HCKT, owning 533,138 shares worth 10.11 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HCKT since 3 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With HCKT analysts setting a high price target of $30.00 and a low target of $26.00, the average target price over the next 12 months is $28.33. Based on these targets, HCKT could surge 46.13% to reach the target high and rise by 26.64% to reach the target low. Reaching the average price target will result in a growth of 37.99% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. HCKT will report FY 2022 earnings on 02/21/2023. Analysts have provided yearly estimates in a range of $1.51 being high and $1.43 being low. For HCKT, this leads to a yearly average estimate of $1.46. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. The Hackett Group Inc. surprised analysts by $0.06 when it reported $0.38 EPS against a consensus estimate of $0.32. The surprise factor in the prior quarter was $0.04. Based on analyst estimates, the high estimate for the next quarter is $0.34 and the low estimate is $0.33. The average estimate for the next quarter is thus $0.34.
Dividends & Yield:
In terms of dividends, HCKT has a current ratio of $0.44, which is $0.44 over the trailing 12-months, while a dividend of $0.34 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and HCKT currently yields $2.05. In the past year, HCKT’s dividend yield has been $2.05, but when looking at the stock over the past five years, its yield has been $2.07. Accordingly, HCKT has a current buyback yield of $5.11. This was $5.11 for the TTM, and it was $1.81 for the past five years.
Summary of Insider Activity:
Insiders traded HCKT stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 11 while that of sell transactions has risen to 10 over the past year. The total number of shares bought during that period was 3,300,841 while 2,568,145 shares were sold.
