The Hackett Group, Inc. operates as a strategic advisory and technology consulting firm primarily in North America and internationally. It offers best practice intelligence center, an online searchable repository of best practices, performance metrics, conference presentations, and associated research; best practice accelerators that provide Web-based access to best practices, customized software configuration tools, and best practice process flows; advisor inquiry for access to fact-based advice on proven approaches and methods; best practice research that provides insights into the proven approaches; and peer interaction comprising member-led Webcasts, annual best practice conferences, annual member forums, membership performance surveys, and client-submitted content. The company's benchmarking services conduct studies for selling, general and administrative, finance, human resources, information technology, procurement, enterprise performance management, and shared services; and business transformation practices to help clients develop coordinated strategy for achieving performance enhancements across the enterprise. It also provides Oracle EEA solutions for core financial close and consolidation, integrated business planning, and reporting/advanced analytics areas. In addition, the company offers SAP Solutions, including planning, architecture, and vendor evaluation and selection through implementation, customization, testing, and integration; post-implementation support, change management, exception management, process transparency, system documentation, and end-user training; off-shore application development, and application maintenance and support services; and OneStream practice that helps clients choose and deploy OneStream XF Platform and Market Place solutions. The company was formerly known as Answerthink, Inc. and changed its name to The Hackett Group, Inc. in 2008. The Hackett Group, Inc. was founded in 1991 and is headquartered in Miami, Florida.
IPO Year:
Exchange: NASDAQ
Website: thehackettgroup.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
2/21/2024 | $28.00 | Hold → Buy | Craig Hallum |
2/22/2023 | $30.00 → $25.00 | Buy → Hold | Craig Hallum |
8/12/2021 | $23.00 → $24.00 | Buy | Roth Capital |
MIAMI--(BUSINESS WIRE)--The Hackett Group, Inc. (NASDAQ: HCKT), a global intellectual property-based strategic consultancy and leading enterprise benchmarking and best practices digital transformation firm, today announced that on February 18, 2021, its Board of Directors appointed Maria A. Bofill as an independent director. She will also serve on the Board’s Audit, Compensation and Corporate Governance and Nominating Committees. With the election of Ms. Bofill, the size of the Board is set at seven directors, five of whom are independent. Ms. Bofill is a seasoned executive, having served in senior strategic finance and operational roles for public and privately held multinationa
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The Hackett Group, Inc. (NASDAQ:HCKT) is delighted to announce it has been named Coupa EMEA Partner of the Year. This recognition honors The Hackett Group's EMEA Coupa implementation team for their outstanding performance in driving project execution and the most successful go-lives over the past year. "This achievement was made possible by the exceptional dedication of our team who consistently prioritized our clients' needs and focused on delivering tangible value, rather than simply implementing tools," said Tim Ross, senior manager of Digital Procurement for The Hackett Group®. "Our local presence, together with our global capabilities and depth of experience, have enabled us to imple
Potential 63% Improvement in Procurement Operational Efficiency Revealed The Hackett Group, Inc. (NASDAQ:HCKT) released the first Digital World Class Matrix™ focused on the contract life-cycle management (CLM) and intelligence software market – a core component of the upstream procurement tools within the source-to-pay (S2P) technology landscape driven by rapid artificial intelligence (AI) innovation and increasingly complex business requirements. CLM spans the life of a contract from initiation through award, compliance, tracking and renewal. Optimizing and aligning CLM with processes like sourcing and risk management is critical to the successful operation of businesses of all sizes. Wi
Potential $1.76 Trillion in Working Capital Opportunity Revealed The Hackett Group, Inc., (NASDAQ:HCKT) reports that for the first time in a decade, the largest publicly traded companies in the U.S. have experienced simultaneous degradation across all major working capital metrics, according to their new research. This triple threat points to a critical turning point, revealing a staggering $1.76 trillion in untapped working capital opportunity, stressing the urgency for companies to optimize and free up cash amidst ongoing economic uncertainties. After a year of growth despite inflationary and recessionary risks, the largest U.S. companies experienced a dramatic shift in 2023. For the
Answerthink, a Hackett Group company (NASDAQ:HCKT), today announced it has achieved the GROW With SAP designation. The GROW With SAP offering helps midsize companies adopt cloud ERP. This offering provides products, best-practice support, adoption acceleration services, a community, and learning opportunities to help customers move to SAP S/4HANA Cloud, public edition with speed, predictability, and continuous innovation. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240808642542/en/ Answerthink has fulfilled SAP's strict eligibility criteria to achieve the GROW With SAP designation, which includes go-to-market readiness and co
The Hackett Group, Inc. (NASDAQ:HCKT), a leading Gen AI strategic consultancy and executive advisory firm that enables organizations to achieve Digital World Class® performance, today announced its financial results for the second quarter, which ended on June 28, 2024. Financial Highlights Total revenue in the second quarter of 2024 was $77.7 million and revenue before reimbursements was $75.9 million, which exceeded the high end of our guidance. This compares to total revenue of $77.1 million and revenue before reimbursements of $75.6 million in the second quarter of the prior year. GAAP diluted earnings per share was $0.31 in the second quarter of 2024, as compared to $0.32 in the
The Hackett Group, Inc. (NASDAQ:HCKT) is collaborating with Oracle to offer a new Hackett Pay™ managed services solution for Oracle Payroll. Hackett Pay™ is designed to provide companies with comprehensive support for their payroll operations, including full business process outsourcing, staff support, and access to The Hackett Group's best practices for payroll optimization and more. Hackett Pay™ will cover all aspects of payroll operations support, including wage payments, employee tax, wage garnishments, W-2 management, employee verification, tax credits and unemployment claims. It will be the first offering recommended by Oracle for payroll-managed services in this market. "Most gro
The Hackett Group, Inc. (NASDAQ:HCKT) today announced that it will release financial results for the second quarter ended June 28, 2024 on Tuesday, August 6, 2024 after the close of regular market hours. Following the release, senior management will discuss second quarter results in a conference call at 5:00 P.M. ET. The number for the conference call is (800) 593-0486, [Passcode: Second Quarter]. For International callers, please dial (517) 308-9371. Please dial in at least 5-10 minutes prior to start time. If you are unable to participate on the conference call, a rebroadcast will be available beginning at 8:00 P.M. ET on Tuesday, August 6, 2024 and will run through 5:00 P.M. ET on
HR Gen AI Adoption of 15% Significantly Lagging The Hackett Group, Inc. (NASDAQ:HCKT), released its first Digital World Class Matrix™ focused on the human capital management (HCM) software market – a growing segment of the human resources (HR) technology landscape – driven by technology innovation and increasing HR demands. Optimizing HR processes and predictively analyzing workforce trends are critical to the successful operation of businesses of all sizes. While the "great resignation" is over, employee engagement remains a high strategic priority for the C-suite. A core pillar of HR excellence is effective deployment of HCM technology. The HCM Digital World Class Matrix™ provides a
Insights Emanate From Recent In-Depth Conversations With Hundreds of Leading Companies Addressing Their Primary Adoption and Deployment Considerations The Hackett Group, Inc. (NASDAQ:HCKT) has fully integrated leading-edge generative artificial intelligence (Gen AI) data and insights from its recent in-depth conversations with hundreds of leading global companies and its groundbreaking AI XPLR™ platform into its Executive Advisory membership programs. AI XPLR empowers executives with critical insight on how to develop comprehensive plans to fully capture and deploy their Gen AI opportunities. It also allows The Hackett Group® to participate as key architects of their client's Gen AI journ
MPHRO Providers Hold Untapped Potential to Drive Increased Value and Insight for the HR Function The Hackett Group, Inc. (NASDAQ:HCKT), released their first Digital World Class Matrix™ focusing on MPHRO vendors – a market undergoing unprecedented transformation. As chief HR officers (CHROs) increasingly grapple with challenges like insufficient budgets, data management inconsistencies and the shortage of experienced talent, more and more are looking to MPHRO for support. Three factors are driving value from MPHRO vendors: increased innovation and adoption of digital HR solutions; ease of integrating third-party solutions into human capital management platforms; and a cultural shift towa
The Hackett Group, Inc. (NASDAQ:HCKT), a leading Gen AI strategic consultancy and executive advisory firm that enables organizations to achieve Digital World Class® performance, today announced its financial results for the second quarter, which ended on June 28, 2024. Financial Highlights Total revenue in the second quarter of 2024 was $77.7 million and revenue before reimbursements was $75.9 million, which exceeded the high end of our guidance. This compares to total revenue of $77.1 million and revenue before reimbursements of $75.6 million in the second quarter of the prior year. GAAP diluted earnings per share was $0.31 in the second quarter of 2024, as compared to $0.32 in the
The Hackett Group, Inc. (NASDAQ:HCKT) today announced that it will release financial results for the second quarter ended June 28, 2024 on Tuesday, August 6, 2024 after the close of regular market hours. Following the release, senior management will discuss second quarter results in a conference call at 5:00 P.M. ET. The number for the conference call is (800) 593-0486, [Passcode: Second Quarter]. For International callers, please dial (517) 308-9371. Please dial in at least 5-10 minutes prior to start time. If you are unable to participate on the conference call, a rebroadcast will be available beginning at 8:00 P.M. ET on Tuesday, August 6, 2024 and will run through 5:00 P.M. ET on
The Hackett Group, Inc. (NASDAQ:HCKT), a leading benchmarking, executive advisory and strategic consultancy firm that enables organizations to achieve Digital World Class® performance, today announced its financial results for the first quarter, which ended on March 29, 2024. Financial Highlights Total revenue in the first quarter of 2024 was $77.2 million and revenue before reimbursements was $75.7 million, which exceeded the high end of our guidance. This compares to total revenue of $71.2 million and revenue before reimbursements of $69.8 million in the first quarter of the prior year. GAAP diluted earnings per share was $0.32 in the first quarter of 2024, as compared to $0.30 in
The Hackett Group, Inc. (NASDAQ:HCKT) today announced that it will release financial results for the first quarter ended March 29, 2024 on Tuesday, May 7, 2024 after the close of regular market hours. Following the release, senior management will discuss first quarter results in a conference call at 5:00 P.M. ET. The number for the conference call is (800) 593-0486, [Passcode: First Quarter]. For International callers, please dial (517) 308-9371. Please dial in at least 5-10 minutes prior to start time. If you are unable to participate on the conference call, a rebroadcast will be available beginning at 8:00 P.M. ET on Tuesday, May 7, 2024 and will run through 5:00 P.M. ET on Tuesday,
The Hackett Group, Inc. (NASDAQ:HCKT), a leading benchmarking, executive advisory and strategic consultancy firm that enables organizations to achieve Digital World Class® performance, today announced its financial results for the fourth quarter, which ended on December 29, 2023. Financial Highlights Total revenue in the fourth quarter of 2023 was $72.4 million and revenue before reimbursements was $71.2 million, which exceeded the high end of our guidance. This compares to total revenue of $70.1 million and revenue before reimbursements of $68.8 million in the fourth quarter of the prior year. GAAP diluted earnings per share was $0.28 in the fourth quarter of 2023, as compared to $
The Hackett Group, Inc. (NASDAQ:HCKT) today announced that it will release financial results for the fourth quarter ended December 29, 2023 on Tuesday, February 20, 2024 after the close of regular market hours. Following the release, senior management will discuss fourth quarter results in a conference call at 5:00 P.M. ET. The number for the conference call is (800) 593-0486, [Passcode: Fourth Quarter]. For International callers, please dial (517) 308-9371. Please dial in at least 5-10 minutes prior to start time. If you are unable to participate on the conference call, a rebroadcast will be available beginning at 8:00 P.M. ET on Tuesday, February 20, 2024 and will run through 5:00 P
The Hackett Group, Inc. (NASDAQ:HCKT), a leading benchmarking, executive advisory and strategic consultancy firm that enables organizations to achieve Digital World Class® performance, today announced its financial results for the third quarter, which ended on September 29, 2023. Financial Highlights Total revenue in the third quarter of 2023 was $75.9 million and revenue before reimbursements was $74.6 million, which was above the high end of our guidance. This compares to total revenue of $72.0 million and revenue before reimbursements of $71.0 million in the third quarter of the prior year. GAAP diluted earnings per share was $0.34 in the third quarter of 2023, as compared to $0.
The Hackett Group, Inc. (NASDAQ:HCKT) today announced that it will release financial results for the third quarter ended September 29, 2023 on Tuesday, November 7, 2023 after the close of regular market hours. Following the release, senior management will discuss third quarter results in a conference call at 5:00 P.M. ET. The number for the conference call is (800) 593-0486, [Passcode: Third Quarter]. For International callers, please dial (517) 308-9371. Please dial in at least 5-10 minutes prior to start time. If you are unable to participate on the conference call, a rebroadcast will be available beginning at 8:00 P.M. ET on Tuesday, November 7, 2023 and will run through 5:00 P.M.
The Hackett Group, Inc. (NASDAQ:HCKT), a leading benchmarking, research advisory and strategic consultancy firm that enables organizations to achieve Digital World Class® performance, today announced its financial results for the second quarter, which ended on June 30, 2023. Financial Highlights Total revenue in the second quarter of 2023 was $77.1 million and revenue before reimbursements was $75.6 million, which was above the high end of our guidance. This compares to total revenue of $75.9 million and revenue before reimbursements of $74.8 million in the second quarter of the prior year. GAAP diluted earnings per share was $0.32 in both the second quarter of 2023 and 2022. S
The Hackett Group, Inc. (NASDAQ:HCKT) today announced that it will release financial results for the second quarter ended June 30, 2023 on Tuesday, August 8, 2023 after the close of regular market hours. Following the release, the senior management will discuss second quarter results in a conference call at 5:00 P.M. ET. The number for the conference call is (800) 593-0486, [Passcode: Second Quarter]. For International callers, please dial (517) 308-9371. Please dial in at least 5-10 minutes prior to start time. If you are unable to participate on the conference call, a rebroadcast will be available beginning at 8:00 P.M. ET on Tuesday, August 8, 2023 and will run through 5:00 P.M. ET
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Craig Hallum upgraded Hackett Group from Hold to Buy and set a new price target of $28.00
Craig Hallum downgraded Hackett Group from Buy to Hold and set a new price target of $25.00 from $30.00 previously
Roth Capital reiterated coverage of The Hackett Group with a rating of Buy and set a new price target of $24.00 from $23.00 previously
Roth Capital reiterated coverage of The Hackett Group with a rating of Buy and set a new price target of $23.00 from $22.00 previously
Roth Capital reiterated coverage of The Hackett Group with a rating of Buy and set a new price target of $22.00 from $20.00 previously
Roth Capital resumed coverage of The Hackett Group with a rating of Buy
Roth Capital reiterated coverage of The Hackett Group with a rating of Buy and set a new price target of $22.00 from $20.00 previously
Barrington Research analyst Vincent Colicchio maintains The Hackett Group (NASDAQ:HCKT) with a Outperform and maintains $26 price target.
Barrington Research analyst Vincent Colicchio maintains The Hackett Group (NASDAQ:HCKT) with a Outperform and lowers the price target from $28 to $26.
Business Outlook for the Second Quarter of 2024Based on the Company's current outlook:The Company estimates total revenue before reimbursements for the second quarter of 2024 will be in the range of $73.5 million to $75.0 million.The Company estimates adjusted diluted earnings per share for the second quarter of 2024 to be in the range of $0.36 and $0.39, which assumes a GAAP effective tax rate of 27.2%.
The Hackett Group (NASDAQ:HCKT) reported quarterly earnings of $0.39 per share which beat the analyst consensus estimate of $0.37 by 5.41 percent. This is a 5.41 percent increase over earnings of $0.37 per share from the same period last year. The company reported quarterly sales of $77.19 million which beat the analyst consensus estimate of $74.55 million by 3.54 percent. This is a 8.36 percent increase over sales of $71.23 million the same period last year.
Shares of International Flavors & Fragrances Inc. (NYSE:IFF) fell during Wednesday’s session after the company reported mixed fourth-quarter financial results and reduced its expected quarterly dividend approximately 50% to 40 cents per share. International Flavors & Fragrances shares dipped 8.4% to $75.11 on Wednesday. Here are some other stocks moving in today's mid-day session. Gainers Greenbrook TMS Inc. (NASDAQ:GBNH) climbed 120.8% to $0.4351. Greenbrook TMS raised $2.5 million in debt financing. Emergent BioSolutions Inc. (NYSE:EBS) gained 84% to $2.8050. Emergent BioSolutions appointed Joseph Papa as President and CEO, effective Feb. 21, 2024. Ventyx Biosciences, Inc. (NASDAQ
Gainers Locafy (NASDAQ:LCFY) stock increased by 13.5% to $6.81 during Wednesday's regular session. The company's market cap stands at $8.6 million. Movano (NASDAQ:MOVE) shares moved upwards by 12.29% to $0.63. The company's market cap stands at $35.0 million. The Hackett Group (NASDAQ:HCKT) stock increased by 9.33% to $25.06. The company's market cap stands at $682.5 million. As per the news, the Q4 earnings report came out yesterday. CSP (NASDAQ:CSPI) stock moved upwards by 8.89% to $32.45. The company's market cap stands at $157.6 million. MMTEC (NASDAQ:MTC) stock increased by 8.46% to $1.41. The company's market cap stands at $280.7 million. Losers Synchronoss Technologies (NASDAQ
Barrington Research analyst Vincent Colicchio reiterates The Hackett Group (NASDAQ:HCKT) with a Outperform and maintains $28 price target.
U.S. stocks were lower, with the Nasdaq Composite falling more than 100 points on Wednesday. Shares of Toll Brothers, Inc. (NYSE:TOL) gained during Wednesday’s session after the company reported better-than-expected first-quarter financial results and issued FY24 EPS guidance above estimates. The company reported first-quarter 2024 earnings per share of $2.25, beating the analyst consensus of $1.78. Quarterly revenues of $1.948 billion beat the street view of $1.859 billion. Toll Brothers shares rose 6.2% to $109.93 on Wednesday. Here are some other big stocks recording gains in today’s session. Gentherm Incorporated (NASDAQ:THRM) shares jumped 24.7% to $61.48 after the company repor