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 |
The Hackett Group, Inc. (NASDAQ:HCKT), an IP and platform-based, Gen AI strategic consulting and executive advisory firm that enables Digital World Class® performance, today announced its financial results for the third quarter, which ended on September 27, 2024. Financial Highlights Total revenue in the third quarter of 2024 was $79.8 million and revenue before reimbursements was $77.9 million, which exceeded the high end of our guidance. This compares to total revenue of $75.9 million and revenue before reimbursements of $74.6 million in the third quarter of the prior year. GAAP diluted earnings per share was $0.31 in the third quarter of 2024, as compared to $0.34 in the third quart
The Hackett Group, Inc. (NASDAQ:HCKT) today announced that it will release financial results for the third quarter ended September 27, 2024 on Monday, November 4, 2024 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 Monday, November 4, 2024 and will run through 5:00 P.M. ET on
Organizations will also combine their AI XPLR and ZBrain.ai platforms in a Joint Venture resulting in a comprehensive Gen AI Ideation through Implementation offering The Hackett Group, Inc. (NASDAQ:HCKT), a leading Gen AI strategic consultancy and executive advisory firm today announced the acquisition of LeewayHertz, a highly recognized provider of advanced Gen AI solutions. This acquisition marks a significant milestone in The Hackett Group's aggressive strategy to become a leading architect of its clients' Gen AI journey. The transaction combines Hackett's enterprise Digital transformation World Class IP with LeewayHertz's Gen AI advanced solutioning and implementation capabilities, as
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.
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
The Hackett Group, Inc. (NASDAQ:HCKT), a leading Gen AI strategic consultancy, will ring the Nasdaq Stock Market Opening Bell on Friday, November 15, 2024. The event celebrates the company's recent acquisition of Gen AI development firm LeewayHertz. This milestone marks a significant step in expanding The Hackett Group's AI capabilities, resulting in a comprehensive end-to-end AI solution for clients – from ideation through implementation. The transaction combined The Hackett Group's world-class intellectual property and AI XPLR™ platform with LeewayHertz's Gen AI development capabilities and ZBrain™ platform. Ted Fernandez, Chairman and CEO of The Hackett Group, will lead the bell-ringin
Gen AI emerging as key technology to diligently manage working capital performance The Hackett Group, Inc. (NASDAQ:HCKT) reports that European companies have encountered critical challenges in managing their working capital in 2024. The latest European Working Capital Survey reveals a €1.3 trillion opportunity in untapped working capital, accentuating the urgency for companies to optimize their working capital management amid ongoing economic uncertainties. The European Union's economy demonstrated resilience initially, but ongoing geopolitical tensions and soaring consumer prices led to a substantial slowdown in the latter half of 2023. Data from Europe's leading companies show mixed c
bp Earns Recognition for Best Certification Program Improving Employee Retention and Promotion Rates in Partnership With The Hackett Group and Thought Industries The Hackett Group, Inc. (NASDAQ:HCKT), bp and Thought Industries have been jointly recognized by the Brandon Hall Group – the human capital management research firm – for the development and execution of bp's employee learning certification program. The award honors certification programs designed to support competency and/or skill development within an organization, and improve employee retention and promotion rates. "We are delighted to be able to celebrate this award alongside bp and our technology partner, Thought Industries,
The Hackett Group, Inc. (NASDAQ:HCKT), an IP and platform-based, Gen AI strategic consulting and executive advisory firm that enables Digital World Class® performance, today announced its financial results for the third quarter, which ended on September 27, 2024. Financial Highlights Total revenue in the third quarter of 2024 was $79.8 million and revenue before reimbursements was $77.9 million, which exceeded the high end of our guidance. This compares to total revenue of $75.9 million and revenue before reimbursements of $74.6 million in the third quarter of the prior year. GAAP diluted earnings per share was $0.31 in the third quarter of 2024, as compared to $0.34 in the third quart
Digital World Class® Finance Organizations Operate With 47% Lower Process Costs and 50% Fewer Full-Time Staff Compared to Peers Generative artificial intelligence (Gen AI) is reshaping the finance landscape, disrupting traditional operations and pushing the boundaries of what's possible. As finance organizations face increasing pressure to increase innovation and cut costs, Digital World Class® organizations are uniquely positioned to leverage Gen AI to foresee the future and uncover new opportunities for faster transformation. The latest research from The Hackett Group, Inc. (NASDAQ:HCKT) reveals that Digital World Class® finance organizations are now operating at 47% lower costs with 50
The Hackett Group, Inc. (NASDAQ:HCKT) today announced that it will release financial results for the third quarter ended September 27, 2024 on Monday, November 4, 2024 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 Monday, November 4, 2024 and will run through 5:00 P.M. ET on
The Hackett Group, Inc. (NASDAQ:HCKT) is proud to announce the launch of its highly anticipated AI XPLR™ 2.0 platform at its Gen AI Breakthrough Conferences in London (October 9-10) and Atlanta (October 13). This next-generation AI platform introduces a groundbreaking set of features designed to transform how businesses harness Gen AI for breakthrough impact. AI XPLR 2.0 represents a major leap forward in Gen AI innovation, bringing new tools and capabilities to help enterprises harness the power of Gen AI and accelerate their strategic business objectives. With this launch, The Hackett Group positions itself at the forefront of the Gen AI revolution, empowering organizations to unlock val
Latest Report Shows Digital World Class® Procurement Organizations Will Experience 54% Productivity Boost and 47% Cost Reduction According to new research from The Hackett Group, Inc. (NASDAQ:HCKT), Digital World Class® procurement organizations can expect staff productivity to increase by 54% and process costs to be cut by 47% with the adoption of generative artificial intelligence (Gen AI). Procurement operating costs for typical companies have continued to escalate in the face of ongoing supply disruptions, inflation and new compliance requirements. However, due to their consistent focus on process optimization and strategic technology investment over the last several years, top-perfor
3M, MTN Group, IBM, CMA CGM, Johnson & Johnson, Intermountain Health, WNS, and Micron Technology, Inc. Are Recognized for Their Cutting-Edge Digital Transformation Achievements The Hackett Group, Inc. (NASDAQ:HCKT) today announced the winners of its 11th Annual Digital Awards, which spotlight companies on the cutting edge of digital transformation. These companies have successfully hyper-automated a wide range of end-to-end business processes through their creative application of intelligent automation, advanced analytics and artificial intelligence (AI). The 2024 Digital Award winners and their win categories are: 3M (Order-to-Cash), MTN Group (Source-to-Purchase), IBM (Plan-to-Results),
Organizations will also combine their AI XPLR and ZBrain.ai platforms in a Joint Venture resulting in a comprehensive Gen AI Ideation through Implementation offering The Hackett Group, Inc. (NASDAQ:HCKT), a leading Gen AI strategic consultancy and executive advisory firm today announced the acquisition of LeewayHertz, a highly recognized provider of advanced Gen AI solutions. This acquisition marks a significant milestone in The Hackett Group's aggressive strategy to become a leading architect of its clients' Gen AI journey. The transaction combines Hackett's enterprise Digital transformation World Class IP with LeewayHertz's Gen AI advanced solutioning and implementation capabilities, as
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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
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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