The Hackett Group (NASDAQ:HCKT) Upgraded to Hold at Zacks Research

Zacks Research upgraded shares of The Hackett Group (NASDAQ:HCKT) from a strong sell rating to a hold rating in a research report sent to investors on Monday,Zacks.com reports.

A number of other equities research analysts also recently issued reports on the stock. Barrington Research decreased their price target on shares of The Hackett Group from $17.00 to $16.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 6th. Roth Capital set a $17.00 price objective on shares of The Hackett Group in a research note on Wednesday, May 6th. Weiss Ratings restated a “sell (d+)” rating on shares of The Hackett Group in a report on Monday. Finally, Wall Street Zen cut shares of The Hackett Group from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $16.50.

The Hackett Group Stock Performance

NASDAQ HCKT opened at $10.74 on Monday. The stock has a market capitalization of $270.53 million, a PE ratio of 20.26, a P/E/G ratio of 0.89 and a beta of 0.92. The business has a 50 day simple moving average of $10.95 and a two-hundred day simple moving average of $14.19. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.88 and a quick ratio of 1.88. The Hackett Group has a 1-year low of $9.15 and a 1-year high of $26.09.

The Hackett Group (NASDAQ:HCKT) last issued its quarterly earnings data on Tuesday, May 5th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.01). The firm had revenue of $68.80 million for the quarter, compared to analysts’ expectations of $71.23 million. The Hackett Group had a return on equity of 26.70% and a net margin of 4.75%.The Hackett Group has set its Q2 2026 guidance at 0.330-0.350 EPS. On average, research analysts predict that The Hackett Group will post 1.23 EPS for the current fiscal year.

The Hackett Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Monday, June 22nd were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.5%. The Hackett Group’s payout ratio is currently 90.57%.

Institutional Trading of The Hackett Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HCKT. Quadrant Capital Group LLC bought a new stake in The Hackett Group in the fourth quarter worth about $41,000. Danske Bank A S bought a new position in shares of The Hackett Group during the fourth quarter valued at approximately $49,000. Caitong International Asset Management Co. Ltd grew its stake in shares of The Hackett Group by 53,500.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,216 shares of the business services provider’s stock valued at $63,000 after buying an additional 3,210 shares during the last quarter. CWM LLC raised its holdings in shares of The Hackett Group by 31.3% in the fourth quarter. CWM LLC now owns 3,499 shares of the business services provider’s stock worth $69,000 after buying an additional 835 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in shares of The Hackett Group by 138.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,554 shares of the business services provider’s stock worth $46,000 after acquiring an additional 2,062 shares during the last quarter. 78.12% of the stock is owned by hedge funds and other institutional investors.

About The Hackett Group

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.