The Hackett Group (NASDAQ:HCKT) Shares Cross Above 200 Day Moving Average - What's Next?

The Hackett Group, Inc. (NASDAQ:HCKT - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $26.26 and traded as high as $30.79. The Hackett Group shares last traded at $30.78, with a volume of 39,268 shares.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Barrington Research reiterated an "outperform" rating and issued a $28.00 target price on shares of The Hackett Group in a report on Tuesday, November 5th. Craig Hallum upped their price objective on shares of The Hackett Group from $30.00 to $32.00 and gave the company a "buy" rating in a research note on Tuesday, November 5th. Finally, Roth Mkm lifted their target price on shares of The Hackett Group from $29.00 to $30.00 and gave the company a "buy" rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $30.00.

The Hackett Group Trading Up 1.2 %

The company has a 50 day moving average of $29.50 and a 200 day moving average of $26.32. The firm has a market cap of $849.31 million, a P/E ratio of 25.23, a PEG ratio of 1.73 and a beta of 1.00. 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 Hackett Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.43%. The ex-dividend date is Friday, December 20th. The Hackett Group's dividend payout ratio is 36.07%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Sanctuary Advisors LLC increased its holdings in shares of The Hackett Group by 9.9% during the 3rd quarter. Sanctuary Advisors LLC now owns 22,777 shares of the business services provider's stock valued at $598,000 after acquiring an additional 2,058 shares during the last quarter. Barclays PLC grew its holdings in The Hackett Group by 202.1% during the third quarter. Barclays PLC now owns 56,350 shares of the business services provider's stock valued at $1,481,000 after purchasing an additional 37,695 shares during the last quarter. Geode Capital Management LLC grew its holdings in The Hackett Group by 4.4% during the third quarter. Geode Capital Management LLC now owns 700,253 shares of the business services provider's stock valued at $18,399,000 after purchasing an additional 29,699 shares during the last quarter. Dean Investment Associates LLC raised its position in shares of The Hackett Group by 57.2% in the third quarter. Dean Investment Associates LLC now owns 165,647 shares of the business services provider's stock valued at $4,352,000 after purchasing an additional 60,307 shares during the period. Finally, State Street Corp lifted its stake in shares of The Hackett Group by 4.1% in the third quarter. State Street Corp now owns 641,783 shares of the business services provider's stock worth $16,927,000 after buying an additional 25,249 shares during the last quarter. Institutional investors own 78.12% of the company's stock.

About The Hackett Group

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.