The Hackett Group (NASDAQ:HCKT) Upgraded 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 released on Monday morning,Zacks.com reports.

A number of other research firms have also weighed in on HCKT. Barrington Research reiterated an “outperform” rating and issued a $17.00 price objective on shares of The Hackett Group in a research note on Monday, March 23rd. Wall Street Zen raised shares of The Hackett Group from a “hold” rating to a “buy” rating in a report on Saturday, March 21st. Weiss Ratings downgraded shares of The Hackett Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, April 8th. Finally, Roth Mkm set a $24.00 price objective on shares of The Hackett Group in a research report on Wednesday, February 18th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $20.50.

The Hackett Group Stock Down 0.7%

NASDAQ:HCKT opened at $13.85 on Monday. The firm has a market capitalization of $349.30 million, a P/E ratio of 29.47, a PEG ratio of 0.92 and a beta of 1.04. The Hackett Group has a 1-year low of $12.19 and a 1-year high of $26.76. The company’s fifty day moving average price is $13.57 and its 200-day moving average price is $17.05. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.72 and a quick ratio of 1.72.

The Hackett Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 3rd. Shareholders of record on Friday, March 20th were given a $0.12 dividend. The ex-dividend date was Friday, March 20th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.5%. The Hackett Group’s dividend payout ratio is 102.13%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Huntington National Bank grew its position in shares of The Hackett Group by 147.7% in the third quarter. Huntington National Bank now owns 1,635 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 975 shares during the period. MAI Capital Management grew its position in shares of The Hackett Group by 98.4% in the third quarter. MAI Capital Management now owns 1,730 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 858 shares during the period. Quadrant Capital Group LLC acquired a new stake in shares of The Hackett Group in the fourth quarter valued at about $41,000. Danske Bank A S acquired a new stake in shares of The Hackett Group in the fourth quarter valued at about $49,000. Finally, Copeland Capital Management LLC grew its position in shares of The Hackett Group by 28.3% in the third quarter. Copeland Capital Management LLC now owns 3,299 shares of the business services provider’s stock valued at $63,000 after purchasing an additional 727 shares during the period. Institutional investors and hedge funds own 78.12% of the company’s stock.

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.