The Hackett Group’s (HCKT) Outperform Rating Reiterated at Barrington Research

Barrington Research restated their outperform rating on shares of The Hackett Group (NASDAQ:HCKT) in a research report sent to investors on Monday morning,Benzinga reports. The brokerage currently has a $17.00 target price on the business services provider’s stock.

A number of other analysts have also recently weighed in on HCKT. Weiss Ratings cut shares of The Hackett Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, March 11th. Wall Street Zen raised The Hackett Group from a “hold” rating to a “buy” rating in a report on Saturday, March 21st. Zacks Research lowered The Hackett Group from a “hold” rating to a “strong sell” rating in a research report on Friday, February 20th. Finally, Roth Mkm set a $24.00 target price on The Hackett Group in a report on Wednesday, February 18th. One investment analyst has rated the stock with a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, The Hackett Group has an average rating of “Reduce” and an average target price of $20.50.

The Hackett Group Trading Down 1.4%

Shares of The Hackett Group stock opened at $12.56 on Monday. The firm has a market capitalization of $316.76 million, a PE ratio of 26.72, a price-to-earnings-growth ratio of 0.84 and a beta of 1.05. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 1.11. The firm’s 50 day moving average is $15.55 and its 200 day moving average is $18.00. The Hackett Group has a 1 year low of $12.32 and a 1 year high of $29.51.

The Hackett Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 3rd. Stockholders of record on Friday, March 20th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, March 20th. This represents a $0.48 annualized dividend and a dividend yield of 3.8%. The Hackett Group’s dividend payout ratio (DPR) is presently 102.13%.

Hedge Funds Weigh In On The Hackett Group

A number of hedge funds have recently modified their holdings of HCKT. Huntington National Bank increased its holdings in The Hackett Group by 147.7% in the third quarter. Huntington National Bank now owns 1,635 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 975 shares during the period. MAI Capital Management lifted its holdings in The Hackett Group by 98.4% during the 3rd quarter. MAI Capital Management now owns 1,730 shares of the business services provider’s stock worth $33,000 after buying an additional 858 shares during the period. Quadrant Capital Group LLC acquired a new position in The Hackett Group during the 4th quarter worth about $41,000. Danske Bank A S bought a new stake in shares of The Hackett Group in the 4th quarter valued at about $49,000. Finally, Copeland Capital Management LLC increased its stake in shares of The Hackett Group by 28.3% in the third quarter. Copeland Capital Management LLC now owns 3,299 shares of the business services provider’s stock valued at $63,000 after buying an additional 727 shares during the period. Institutional investors and hedge funds own 78.12% of the company’s stock.

The Hackett Group Company Profile

The Hackett Group is a global strategic advisory firm specializing in business transformation, benchmarking and research. Leveraging a proprietary data repository and the Hackett Methodology®, the company helps organizations optimize performance across enterprise functions. Its advisory services span digital transformation, process optimization and operational excellence, enabling clients to identify best practices, streamline workflows and achieve sustainable cost savings.

Through detailed benchmarking studies and industry research, The Hackett Group delivers actionable insights into finance, procurement, human resources, information technology and supply chain management.