The Hackett Group (NASDAQ:HCKT) Earns "Outperform" Rating from Barrington Research

Barrington Research restated their outperform rating on shares of The Hackett Group (NASDAQ:HCKT - Free Report) in a research note issued to investors on Wednesday, Benzinga reports. They currently have a $28.00 price target on the business services provider's stock.

Separately, Roth Capital cut The Hackett Group from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 7th.

The Hackett Group Trading Down 0.5 %

Shares of NASDAQ HCKT traded down $0.12 during mid-day trading on Wednesday, hitting $24.57. The stock had a trading volume of 66,345 shares, compared to its average volume of 100,824. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.71 and a current ratio of 1.71. The Hackett Group has a 1 year low of $20.23 and a 1 year high of $27.68. The business has a 50 day moving average price of $25.75 and a two-hundred day moving average price of $23.91. The firm has a market cap of $678.48 million, a P/E ratio of 19.60, a price-to-earnings-growth ratio of 1.42 and a beta of 0.91.

The Hackett Group (NASDAQ:HCKT - Get Free Report) last issued its earnings results on Tuesday, August 6th. The business services provider reported $0.31 EPS for the quarter, hitting the consensus estimate of $0.31. The company had revenue of $75.90 million for the quarter, compared to the consensus estimate of $74.16 million. The Hackett Group had a net margin of 11.46% and a return on equity of 38.20%. On average, equities analysts anticipate that The Hackett Group will post 1.28 EPS for the current fiscal year.

The Hackett Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 20th were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Friday, September 20th. This represents a $0.44 annualized dividend and a dividend yield of 1.79%. The Hackett Group's payout ratio is 34.92%.

Hedge Funds Weigh In On The Hackett Group

Several large investors have recently made changes to their positions in HCKT. Isthmus Partners LLC raised its holdings in The Hackett Group by 1.1% in the 2nd quarter. Isthmus Partners LLC now owns 164,195 shares of the business services provider's stock worth $36,000 after acquiring an additional 1,763 shares during the last quarter. Financial Management Professionals Inc. purchased a new position in The Hackett Group in the 3rd quarter worth approximately $54,000. CWM LLC raised its holdings in The Hackett Group by 78.4% in the 2nd quarter. CWM LLC now owns 4,667 shares of the business services provider's stock worth $101,000 after acquiring an additional 2,051 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in The Hackett Group by 18.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,419 shares of the business services provider's stock worth $183,000 after acquiring an additional 1,283 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in The Hackett Group by 9.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,262 shares of the business services provider's stock worth $223,000 after acquiring an additional 851 shares during the last quarter. 78.12% of the stock is currently owned by hedge funds and other institutional investors.

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.