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 |
Acquisition strengthens procurement and supply chain technology expertise, brings state-of-the-art software platform that will support all Market Intelligence and Executive Advisory programs. The Hackett Group, Inc. (NASDAQ:HCKT), a leading generative artificial intelligence (Gen AI) consultancy and strategic advisory firm, today announced that it has completed its acquisition of Spend Matters™, a leader in the procurement and supply chain solutions market intelligence sector. Founded in 2004 with the vision of transforming procurement through technology and thought leadership, Spend Matters™ has become a respected authority in the industry, providing insights, analysis, and solutions tha
The Hackett Group, Inc. (NASDAQ:HCKT), a leading generative artificial intelligence (Gen AI) consultancy and executive advisory firm that enables Digital World Class® performance, today announced its financial results for the first quarter, which ended on March 28, 2025. "We reported operating results that were near and at the high end of our revenue and adjusted earnings per share guidance, respectively. This was achieved while aggressively investing and growing our Gen AI platforms and revenues. More importantly, we released AI XPLR version 3 which allows us to identify thousands of industry specific Gen AI solutions and related multi-agent workflows which accelerates client prioritizati
The platform provides thousands of industry-specific Gen AI solutions and tens of thousands of AI agents required to transform enterprise workflows, in hours or days, versus weeks or months. The Hackett Group, Inc. (NASDAQ:HCKT), a leading generative artificial intelligence (Gen AI) strategic consultancy and executive advisory firm, today announced the launch of AI XPLR™ 3.0, the latest evolution of its AI XPLR™ platform. AI XPLR™ 3.0 introduces advanced capabilities that significantly accelerates Gen AI solution ideation, evaluation, development and deployment. "As organizations increasingly seek to realize tangible value from Gen AI adoption, it is imperative to bring real-time innovati
Program bridges strategic plan through execution, led by top AI expert and best-selling author John K. Thompson The Hackett Group, Inc. – (NASDAQ:HCKT), a leading generative artificial intelligence (Gen AI) strategic consultancy and executive advisory firm, today announced the launch of its Gen AI Executive Advisory Program. This new premium program is designed to accelerate and enhance an organization's overall Gen AI initiatives through an advisor-led approach. The program expands The Hackett Group's Executive Advisory capabilities and leverages the latest AI ideation through implementation learnings from its industry-leading AI XPLR™ and ZBrain™ platform engagements. To lead this initi
New data shows 66% of HR teams use generative AI, but scaling is critical to transform service delivery, productivity and competitiveness The Hackett Group, Inc. (NASDAQ:HCKT), a leading Gen AI strategic consultancy and executive advisory firm, today announced findings from its 2025 Key Issues Study, revealing that human resources leaders are rapidly adopting generative AI (Gen AI) to advance human capital objectives. Sixty-six percent of human resources (HR) organizations are already using AI-powered tools in some capacity. Yet, HR workloads are set to rise by 10% in 2025 while budgets shrink by 1.5% and headcounts decline by 2%, creating a 12% productivity gap. AI-driven automation will
New report reveals procurement AI adoption set to bridge 9% efficiency gap in 2025 The Hackett Group, Inc. (NASDAQ:HCKT), a leading generative artificial intelligence (Gen AI) strategic consultancy and executive advisory firm, today released findings from its 2025 Key Issues Study, revealing that AI is rapidly redefining procurement. Indeed, 64% of procurement leaders expect AI and Gen AI to transform their roles within five years. Despite this shift, procurement faces a critical challenge: workloads are projected to increase by 10% in 2025, while budgets grow just 1% – creating a 9% efficiency gap. "Procurement organizations must accelerate AI adoption to unlock new levels of efficiency
Report reveals 89% of executives advancing Gen AI initiatives; finance teams will play a critical role in enterprise transformation or risk falling behind The Hackett Group, Inc. (NASDAQ:HCKT), a leading generative artificial intelligence (Gen AI) strategic consultancy and executive advisory firm, today announced findings from its 2025 Key Issues Study, revealing that 89% of executives are advancing Gen AI initiatives – up from just 16% a year ago. Gen AI has moved from exploration to acceleration, and the study finds that finance leaders will increasingly be looked upon for transformation leadership. In fact, 65% of finance executives described their organization as a "valued business par
The Hackett Group, Inc. (NASDAQ:HCKT) today announced that it will release financial results for the first quarter ended March 28, 2025 on Tuesday, May 6, 2025 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 6, 2025 and will run through 5:00 P.M. ET on Tuesday, Ma
42% of GBS organizations piloted Gen AI in 2024, driving productivity and cost savings The Hackett Group, Inc. (NASDAQ:HCKT), a leading generative artificial intelligence (Gen AI) strategic consultancy and executive advisory firm, today released findings from its 2025 Key Issues Study, revealing that global business services (GBS) organizations are rapidly advancing their AI adoption. In 2024, 42% of GBS organizations piloted Gen AI, and 63% of these early adopters reported measurable gains in productivity, cost savings, and service quality. With AI's transformational potential now proven, GBS leaders must accelerate deployment or risk falling behind. "Leading GBS organizations have begun
New report reveals 5X growth in Gen AI initiatives and key strategies for scaling impact The Hackett Group, Inc. (NASDAQ:HCKT), a leading generative artificial intelligence (Gen AI) strategic consultancy and executive advisory firm, today released findings from its 2025 Key Issues Study, revealing that 89% of executives are accelerating Gen AI initiatives – up from just 16% last year. This surge reflects a pivotal shift from exploration to acceleration, as enterprises fast-track Gen AI to achieve their top business goals. Gen AI is reshaping business – but execution is the critical hurdle Executives are betting on Gen AI to support their top business priorities in 2025, with more than 50
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The Hackett Group, Inc. (NASDAQ:HCKT), a leading generative artificial intelligence (Gen AI) consultancy and executive advisory firm that enables Digital World Class® performance, today announced its financial results for the first quarter, which ended on March 28, 2025. "We reported operating results that were near and at the high end of our revenue and adjusted earnings per share guidance, respectively. This was achieved while aggressively investing and growing our Gen AI platforms and revenues. More importantly, we released AI XPLR version 3 which allows us to identify thousands of industry specific Gen AI solutions and related multi-agent workflows which accelerates client prioritizati
The Hackett Group, Inc. (NASDAQ:HCKT) today announced that it will release financial results for the first quarter ended March 28, 2025 on Tuesday, May 6, 2025 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 6, 2025 and will run through 5:00 P.M. ET on Tuesday, Ma
The Hackett Group, Inc. (NASDAQ:HCKT), an IP platform-based, Gen AI strategic consulting and executive advisory firm that enables Digital World Class® performance, today announced its financial results for the fourth quarter, which ended on December 27, 2024. "We reported operating results that exceeded our revenue and adjusted earnings per share guidance while aggressively investing and growing our Gen AI related capabilities and revenues, respectively. More importantly, we will soon release AI XPLR version 3 which provides industry specific dynamic simulation of an enterprise's Gen AI Solutions across front, mid and back-office areas along with the related multi-AI agent workflows requir
The Hackett Group, Inc. (NASDAQ:HCKT) today announced that it will release financial results for the fourth quarter ended December 27, 2024 on Tuesday, February 18, 2025 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 18, 2025 and will run through 5:00 P
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
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
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Acquisition strengthens procurement and supply chain technology expertise, brings state-of-the-art software platform that will support all Market Intelligence and Executive Advisory programs. The Hackett Group, Inc. (NASDAQ:HCKT), a leading generative artificial intelligence (Gen AI) consultancy and strategic advisory firm, today announced that it has completed its acquisition of Spend Matters™, a leader in the procurement and supply chain solutions market intelligence sector. Founded in 2004 with the vision of transforming procurement through technology and thought leadership, Spend Matters™ has become a respected authority in the industry, providing insights, analysis, and solutions tha
Program bridges strategic plan through execution, led by top AI expert and best-selling author John K. Thompson The Hackett Group, Inc. – (NASDAQ:HCKT), a leading generative artificial intelligence (Gen AI) strategic consultancy and executive advisory firm, today announced the launch of its Gen AI Executive Advisory Program. This new premium program is designed to accelerate and enhance an organization's overall Gen AI initiatives through an advisor-led approach. The program expands The Hackett Group's Executive Advisory capabilities and leverages the latest AI ideation through implementation learnings from its industry-leading AI XPLR™ and ZBrain™ platform engagements. To lead this initi
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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