StockNews.com downgraded shares of The Hackett Group (NASDAQ:HCKT - Free Report) from a strong-buy rating to a buy rating in a report released on Thursday morning.
Separately, Barrington Research upped their price target on shares of The Hackett Group from $28.00 to $36.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $32.67.
Check Out Our Latest Report on HCKT
The Hackett Group Stock Performance
HCKT stock traded up $0.03 on Thursday, hitting $28.19. The company's stock had a trading volume of 86,857 shares, compared to its average volume of 110,734. The firm has a 50 day moving average of $30.36 and a two-hundred day moving average of $28.98. The Hackett Group has a 1 year low of $20.23 and a 1 year high of $34.02. The stock has a market cap of $783.43 million, a price-to-earnings ratio of 26.59, a price-to-earnings-growth ratio of 1.53 and a beta of 1.03. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.18.
The Hackett Group (NASDAQ:HCKT - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The business services provider reported $0.35 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.06). The Hackett Group had a net margin of 9.44% and a return on equity of 36.40%. The business had revenue of $77.46 million during the quarter, compared to analysts' expectations of $75.64 million. Equities analysts predict that The Hackett Group will post 1.43 EPS for the current fiscal year.
The Hackett Group Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, March 21st. This is a boost from The Hackett Group's previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.70%. The Hackett Group's dividend payout ratio is 45.28%.
Hedge Funds Weigh In On The Hackett Group
A number of institutional investors and hedge funds have recently made changes to their positions in HCKT. Victory Capital Management Inc. grew its stake in shares of The Hackett Group by 18.1% during the 3rd quarter. Victory Capital Management Inc. now owns 16,414 shares of the business services provider's stock worth $431,000 after purchasing an additional 2,512 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of The Hackett Group by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 266,317 shares of the business services provider's stock worth $6,996,000 after purchasing an additional 1,350 shares during the period. Quantbot Technologies LP grew its stake in shares of The Hackett Group by 383.4% during the 3rd quarter. Quantbot Technologies LP now owns 2,741 shares of the business services provider's stock worth $72,000 after purchasing an additional 2,174 shares during the period. BNP Paribas Financial Markets grew its stake in shares of The Hackett Group by 20.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 41,375 shares of the business services provider's stock worth $1,087,000 after purchasing an additional 7,078 shares during the period. Finally, Centiva Capital LP acquired a new position in shares of The Hackett Group during the 3rd quarter worth $294,000. 78.12% of the stock is owned by institutional investors and hedge funds.
About The Hackett Group
(
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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.
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