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

Barrington Research reaffirmed their outperform rating on shares of The Hackett Group (NASDAQ:HCKTFree Report) in a research report report published on Tuesday morning, Benzinga reports. The firm currently has a $26.00 price objective on the business services provider’s stock.

HCKT has been the topic of a number of other research reports. Craig Hallum upgraded The Hackett Group from a hold rating to a buy rating and set a $28.00 price target on the stock in a research report on Wednesday, February 21st. StockNews.com downgraded The Hackett Group from a strong-buy rating to a buy rating in a research report on Tuesday, February 27th.

Check Out Our Latest Stock Report on The Hackett Group

The Hackett Group Price Performance

Shares of HCKT stock opened at $21.75 on Tuesday. The Hackett Group has a twelve month low of $19.09 and a twelve month high of $26.69. The stock has a market capitalization of $600.60 million, a price-to-earnings ratio of 17.26, a P/E/G ratio of 1.24 and a beta of 0.87. The stock has a fifty day simple moving average of $22.60 and a two-hundred day simple moving average of $22.98. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.33.

The Hackett Group (NASDAQ:HCKTGet Free Report) last issued its quarterly earnings data on Tuesday, May 7th. The business services provider reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. The firm had revenue of $75.73 million during the quarter, compared to analysts’ expectations of $73.85 million. The Hackett Group had a return on equity of 40.62% and a net margin of 11.48%. On average, analysts predict that The Hackett Group will post 1.28 EPS for the current fiscal year.

The Hackett Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 21st will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, June 21st. This represents a $0.44 annualized dividend and a yield of 2.02%. The Hackett Group’s dividend payout ratio (DPR) is 34.92%.

Institutional Investors Weigh In On The Hackett Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mackenzie Financial Corp grew its stake in shares of The Hackett Group by 7.5% in the fourth quarter. Mackenzie Financial Corp now owns 14,069 shares of the business services provider’s stock valued at $320,000 after buying an additional 980 shares in the last quarter. Halpern Financial Inc. acquired a new stake in shares of The Hackett Group in the fourth quarter valued at $29,000. Watershed Asset Management L.L.C. grew its stake in shares of The Hackett Group by 11.8% in the fourth quarter. Watershed Asset Management L.L.C. now owns 12,302 shares of the business services provider’s stock valued at $280,000 after buying an additional 1,297 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of The Hackett Group by 23.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,136 shares of the business services provider’s stock valued at $162,000 after buying an additional 1,351 shares in the last quarter. Finally, Sei Investments Co. grew its stake in shares of The Hackett Group by 2.6% in the first quarter. Sei Investments Co. now owns 55,142 shares of the business services provider’s stock valued at $1,340,000 after buying an additional 1,411 shares in the last quarter. Institutional investors and hedge funds own 78.12% of the company’s stock.

About The Hackett Group

(Get Free Report)

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.

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