The Hackett Group (NASDAQ:HCKT) Cut to “Buy” at StockNews.com

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

Separately, Barrington Research increased their price objective 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 analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $32.67.

The Hackett Group Stock Up 0.1 %

NASDAQ:HCKT opened at $28.19 on Thursday. The Hackett Group has a fifty-two week low of $20.23 and a fifty-two week high of $34.02. The stock has a market capitalization of $783.43 million, a P/E ratio of 26.59, a P/E/G ratio of 1.53 and a beta of 1.03. 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 company’s 50-day simple moving average is $30.36 and its 200-day simple moving average is $28.98.

The Hackett Group (NASDAQ:HCKT) last released its quarterly earnings results 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 net margin of 9.44% and a return on equity of 36.40%. The firm had revenue of $77.46 million during the quarter, compared to the consensus estimate of $75.64 million. On average, equities analysts anticipate that The Hackett Group will post 1.43 earnings per share for the current fiscal year.

The Hackett Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be given a $0.12 dividend. This is a positive change from The Hackett Group’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a dividend yield of 1.70%. The ex-dividend date is Friday, March 21st. The Hackett Group’s dividend payout ratio (DPR) is presently 45.28%.

Hedge Funds Weigh In On The Hackett Group

A number of institutional investors have recently bought and sold shares of HCKT. Versant Capital Management Inc raised its position 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 worth $29,000 after buying an additional 738 shares during the last quarter. Quantbot Technologies LP increased 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 in the last quarter. Longboard Asset Management LP acquired a new stake in The Hackett Group in the 4th quarter valued at $207,000. ProShare Advisors LLC acquired a new stake in The Hackett Group in the 4th quarter valued at $219,000. Finally, Arizona State Retirement System acquired a new stake in The Hackett Group in the 4th quarter valued at $221,000. 78.12% of the stock is 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.