The Hackett Group (NASDAQ:HCKT) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of The Hackett Group (NASDAQ:HCKT) from a buy rating to a strong-buy rating in a report issued on Wednesday morning.

Other research analysts have also recently issued reports about the company. Roth Mkm lifted their price objective on The Hackett Group from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Barrington Research reaffirmed an “outperform” rating and set a $28.00 price target on shares of The Hackett Group in a report on Tuesday, November 5th. 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 research note on Tuesday, November 5th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, The Hackett Group has a consensus rating of “Buy” and an average target price of $32.67.

The Hackett Group Stock Down 1.7 %

HCKT stock opened at $30.18 on Wednesday. The company has a market cap of $832.67 million, a price-to-earnings ratio of 28.47, a P/E/G ratio of 1.54 and a beta of 0.99. 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 business’s 50-day moving average is $30.84 and its two-hundred day moving average is $28.53. The Hackett Group has a fifty-two week low of $20.23 and a fifty-two week high of $34.02.

The Hackett Group (NASDAQ:HCKT) last issued its quarterly earnings data on Tuesday, February 18th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $75.64 million. As a group, analysts forecast that The Hackett Group will post 1.43 earnings per share for the current year.

The Hackett Group Increases Dividend

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

Institutional Investors Weigh In On The Hackett Group

Several institutional investors and hedge funds have recently modified their holdings of HCKT. Versant Capital Management Inc boosted its position in shares of The Hackett Group by 353.1% during the fourth quarter. Versant Capital Management Inc now owns 947 shares of the business services provider’s stock worth $29,000 after acquiring an additional 738 shares during the last quarter. Financial Management Professionals Inc. purchased a new stake in The Hackett Group in the 3rd quarter worth $54,000. Quantbot Technologies LP boosted its holdings 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 valued at $72,000 after purchasing an additional 2,174 shares during the last quarter. CWM LLC grew its position in shares of The Hackett Group by 8.4% during the third quarter. CWM LLC now owns 5,061 shares of the business services provider’s stock valued at $133,000 after purchasing an additional 394 shares in the last quarter. Finally, Longboard Asset Management LP bought a new stake in shares of The Hackett Group in the fourth quarter worth about $207,000. 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.