The Hackett Group (NASDAQ:HCKT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of The Hackett Group (NASDAQ:HCKT) from a hold rating to a buy rating in a research note released on Saturday.

Several other analysts have also recently commented on HCKT. Roth Mkm set a $24.00 price objective on shares of The Hackett Group in a research note on Wednesday, February 18th. Zacks Research cut shares of The Hackett Group from a “hold” rating to a “strong sell” rating in a report on Friday, February 20th. Barrington Research decreased their target price on shares of The Hackett Group from $27.00 to $17.00 and set an “outperform” rating for the company in a research report on Wednesday, February 18th. Finally, Weiss Ratings lowered shares of The Hackett Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, March 11th. One analyst has rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, The Hackett Group currently has an average rating of “Reduce” and an average target price of $20.50.

The Hackett Group Stock Up 1.9%

Shares of HCKT stock opened at $13.43 on Friday. The stock’s 50-day simple moving average is $15.86 and its 200-day simple moving average is $18.09. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.72 and a current ratio of 1.72. The firm has a market capitalization of $340.85 million, a PE ratio of 28.57, a P/E/G ratio of 0.87 and a beta of 1.06. The Hackett Group has a fifty-two week low of $12.76 and a fifty-two week high of $29.51.

The Hackett Group Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 3.6%. The Hackett Group’s dividend payout ratio (DPR) is presently 102.13%.

Hedge Funds Weigh In On The Hackett Group

Several large investors have recently made changes to their positions in HCKT. Royce & Associates LP boosted its holdings in The Hackett Group by 44.1% during the third quarter. Royce & Associates LP now owns 2,581,331 shares of the business services provider’s stock worth $49,071,000 after buying an additional 790,522 shares in the last quarter. Millennium Management LLC increased its holdings in The Hackett Group by 122.9% in the third quarter. Millennium Management LLC now owns 807,457 shares of the business services provider’s stock valued at $15,350,000 after buying an additional 445,267 shares in the last quarter. UBS Group AG raised its position in shares of The Hackett Group by 207.4% in the fourth quarter. UBS Group AG now owns 411,992 shares of the business services provider’s stock worth $8,087,000 after acquiring an additional 277,987 shares during the period. Weber Capital Management LLC ADV acquired a new position in shares of The Hackett Group in the fourth quarter worth about $4,587,000. Finally, Goldman Sachs Group Inc. boosted its stake in shares of The Hackett Group by 123.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 401,972 shares of the business services provider’s stock worth $7,891,000 after acquiring an additional 222,065 shares in the last quarter. 78.12% of the stock is currently owned by institutional investors and hedge funds.

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.