The Hackett Group (NASDAQ:HCKT) Receives Outperform Rating from Barrington Research

Barrington Research restated their outperform rating on shares of The Hackett Group (NASDAQ:HCKT) in a research note published on Monday,Benzinga reports. They currently have a $27.00 price target on the business services provider’s stock.

Other research analysts have also issued research reports about the company. Wall Street Zen lowered The Hackett Group from a “buy” rating to a “hold” rating in a research report on Monday, July 21st. Weiss Ratings reiterated a “hold (c-)” rating on shares of The Hackett Group in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, The Hackett Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.67.

The Hackett Group Price Performance

Shares of HCKT opened at $18.55 on Monday. The firm has a market cap of $510.33 million, a price-to-earnings ratio of 30.92, a PEG ratio of 1.30 and a beta of 0.97. The stock has a 50 day moving average of $19.83 and a 200-day moving average of $22.82. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.19. The Hackett Group has a 52 week low of $18.38 and a 52 week high of $34.02.

The Hackett Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Investors of record on Friday, September 19th were given a dividend of $0.12 per share. The ex-dividend date was Friday, September 19th. This represents a $0.48 dividend on an annualized basis and a yield of 2.6%. The Hackett Group’s payout ratio is currently 80.00%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quaker Wealth Management LLC boosted its position in The Hackett Group by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 1,143 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 2,286 shares during the period. Copeland Capital Management LLC acquired a new position in The Hackett Group during the 2nd quarter valued at approximately $65,000. Hennessy Advisors Inc. acquired a new position in The Hackett Group during the 2nd quarter valued at approximately $91,000. AlphaQuest LLC boosted its position in The Hackett Group by 60.5% during the 1st quarter. AlphaQuest LLC now owns 4,804 shares of the business services provider’s stock valued at $140,000 after purchasing an additional 1,810 shares during the period. Finally, Tower Research Capital LLC TRC boosted its position in The Hackett Group by 566.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,703 shares of the business services provider’s stock worth $145,000 after acquiring an additional 4,847 shares during the period. Institutional investors and hedge funds own 78.12% of the company’s stock.

About The Hackett Group

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.