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

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

Several other research analysts also recently weighed in on the stock. Roth Mkm set a $24.00 target price 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 research note on Friday, February 20th. Weiss Ratings downgraded shares of The Hackett Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, March 11th. Finally, Wall Street Zen raised shares of The Hackett Group from a “hold” rating to a “buy” rating in a research report on Saturday. One analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $20.50.

The Hackett Group Price Performance

Shares of NASDAQ HCKT opened at $13.43 on Monday. 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 company’s 50-day moving average price is $15.86 and its 200 day moving average price is $18.09. The Hackett Group has a 52 week low of $12.76 and a 52 week high of $29.51. The stock has a market cap of $340.85 million, a price-to-earnings ratio of 28.57, a PEG ratio of 0.87 and a beta of 1.06.

The Hackett Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 3rd. Stockholders of record on Friday, March 20th will be paid a $0.12 dividend. The ex-dividend date 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 102.13%.

Hedge Funds Weigh In On The Hackett Group

Several hedge funds and other institutional investors have recently bought and sold shares of HCKT. Royce & Associates LP boosted its holdings in The Hackett Group by 44.1% in the 3rd quarter. Royce & Associates LP now owns 2,581,331 shares of the business services provider’s stock worth $49,071,000 after acquiring an additional 790,522 shares during the period. Millennium Management LLC raised its stake in shares of The Hackett Group by 122.9% during the third quarter. Millennium Management LLC now owns 807,457 shares of the business services provider’s stock valued at $15,350,000 after purchasing an additional 445,267 shares during the period. UBS Group AG raised its stake in shares of The Hackett Group by 207.4% during the fourth quarter. UBS Group AG now owns 411,992 shares of the business services provider’s stock valued at $8,087,000 after purchasing an additional 277,987 shares during the period. Weber Capital Management LLC ADV acquired a new position in shares of The Hackett Group during the fourth quarter worth $4,587,000. Finally, Goldman Sachs Group Inc. lifted its position in shares of The Hackett Group by 123.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 401,972 shares of the business services provider’s stock worth $7,891,000 after purchasing an additional 222,065 shares in the last quarter. 78.12% of the stock is owned by institutional investors and hedge funds.

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.