The Hackett Group (NASDAQ:HCKT) Sets New 52-Week High - Should You Buy?

The Hackett Group, Inc. (NASDAQ:HCKT - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $33.50 and last traded at $31.85, with a volume of 239 shares. The stock had previously closed at $31.94.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Roth Mkm raised their price target on shares of The Hackett Group from $29.00 to $30.00 and gave the stock a "buy" rating in a research report on Tuesday, November 5th. Barrington Research raised their price target on shares of The Hackett Group from $28.00 to $36.00 and gave the stock an "outperform" rating in a research report on Thursday. StockNews.com upgraded shares of The Hackett Group from a "buy" rating to a "strong-buy" rating in a research report on Wednesday. Finally, Craig Hallum increased their price objective on shares of The Hackett Group from $30.00 to $32.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th. One equities research 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. Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $32.67.

The Hackett Group Stock Performance

The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.51 and a current ratio of 1.51. The stock's fifty day moving average is $30.84 and its two-hundred day moving average is $28.53. The firm has a market cap of $832.67 million, a price-to-earnings ratio of 28.47, a PEG ratio of 1.54 and a beta of 0.99.

The Hackett Group (NASDAQ:HCKT - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The business services provider reported $0.35 earnings per share for the quarter, missing analysts' consensus estimates of $0.41 by ($0.06). The Hackett Group had a return on equity of 36.40% and a net margin of 9.44%. The firm had revenue of $77.46 million during the quarter, compared to analyst estimates of $75.64 million. On average, analysts expect that The Hackett Group, Inc. will post 1.43 earnings per share for the current fiscal year.

The Hackett Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be paid a dividend of $0.12 per share. This is a boost from The Hackett Group's previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.48 annualized dividend and a yield of 1.59%. The Hackett Group's dividend payout ratio (DPR) is presently 41.51%.

Hedge Funds Weigh In On The Hackett Group

Large investors have recently bought and sold shares of the stock. Versant Capital Management Inc increased its stake in The Hackett Group by 353.1% during the 4th quarter. Versant Capital Management Inc now owns 947 shares of the business services provider's stock valued at $29,000 after buying an additional 738 shares during the period. Financial Management Professionals Inc. acquired a new position in The Hackett Group during the 3rd quarter valued at about $54,000. Quantbot Technologies LP increased its stake in 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 valued at $72,000 after buying an additional 2,174 shares during the period. CWM LLC increased its stake in The Hackett Group by 8.4% during the 3rd quarter. CWM LLC now owns 5,061 shares of the business services provider's stock valued at $133,000 after buying an additional 394 shares during the period. Finally, Longboard Asset Management LP acquired a new position in The Hackett Group during the 4th quarter valued at about $207,000. Institutional investors and hedge funds 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.