The Hackett Group (NASDAQ:HCKT) Price Target Raised to $36.00

The Hackett Group (NASDAQ:HCKT - Free Report) had its target price lifted by Barrington Research from $28.00 to $36.00 in a research note released on Thursday morning,Benzinga reports. The firm currently has an outperform rating on the business services provider's stock.

HCKT has been the subject of several other research reports. Craig Hallum upped their target price on The Hackett Group from $30.00 to $32.00 and gave the stock a "buy" rating in a research note on Tuesday, November 5th. Roth Mkm upped their target price on The Hackett Group from $29.00 to $30.00 and gave the stock a "buy" rating in a research note on Tuesday, November 5th. Finally, StockNews.com raised The Hackett Group from a "buy" rating to a "strong-buy" rating in a research note on Wednesday. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $32.67.

The Hackett Group Price Performance

Shares of HCKT traded down $0.51 during midday trading on Thursday, hitting $30.18. 201,908 shares of the company traded hands, compared to its average volume of 97,003. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.51 and a quick ratio of 1.51. The stock has a 50-day moving average of $30.84 and a 200-day moving average of $28.53. The firm has a market cap of $832.67 million, a P/E ratio of 28.47, a PEG ratio of 1.54 and a beta of 0.99. The Hackett Group has a one year low of $20.23 and a one year high of $34.02.

The Hackett Group (NASDAQ:HCKT - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The business services provider reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.06). The company had revenue of $77.46 million during the quarter, compared to the consensus estimate of $75.64 million. The Hackett Group had a return on equity of 36.40% and a net margin of 9.44%. As a group, sell-side analysts predict that The Hackett Group will post 1.43 EPS for the current fiscal year.

The Hackett Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be paid a $0.12 dividend. This is a positive change from The Hackett Group's previous quarterly dividend of $0.11. The ex-dividend date is Friday, March 21st. This represents a $0.48 dividend on an annualized basis and a yield of 1.59%. The Hackett Group's dividend payout ratio (DPR) is presently 41.51%.

Institutional Trading of The Hackett Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mackenzie Financial Corp raised its holdings in The Hackett Group by 153.6% in the fourth quarter. Mackenzie Financial Corp now owns 42,502 shares of the business services provider's stock worth $1,306,000 after purchasing an additional 25,745 shares in the last quarter. Squarepoint Ops LLC bought a new position in The Hackett Group in the fourth quarter worth $521,000. Two Sigma Advisers LP raised its holdings in The Hackett Group by 23.9% in the fourth quarter. Two Sigma Advisers LP now owns 93,300 shares of the business services provider's stock worth $2,866,000 after purchasing an additional 18,000 shares in the last quarter. State of Wyoming raised its holdings in The Hackett Group by 3.9% in the fourth quarter. State of Wyoming now owns 19,821 shares of the business services provider's stock worth $609,000 after purchasing an additional 747 shares in the last quarter. Finally, ProShare Advisors LLC bought a new position in The Hackett Group in the fourth quarter worth $219,000. Hedge funds and other institutional investors own 78.12% of the company's stock.

The Hackett Group Company Profile

The Hackett Group, Inc operates as an intellectual property-based executive advisory, strategic consulting, and digital transformation company in the United States, Europe, and internationally. The company operates through three segments: Global Strategy & Business Transformation, Oracle Solutions, and SAP Solutions.