The Hackett Group (NASDAQ:HCKT) Downgraded by StockNews.com to Buy

StockNews.com downgraded shares of The Hackett Group (NASDAQ:HCKT) from a strong-buy rating to a buy rating in a research report report published on Thursday morning.

A number of other brokerages also recently weighed in on HCKT. Roth Mkm raised their target price on The Hackett Group from $29.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Craig Hallum raised their price objective on The Hackett Group from $30.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Finally, Barrington Research raised their price objective on The Hackett Group from $28.00 to $36.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.67.

The Hackett Group Trading Down 0.9 %

Shares of HCKT stock opened at $30.29 on Thursday. The stock’s fifty day moving average price is $30.71 and its two-hundred day moving average price is $28.70. The company has a market cap of $835.79 million, a PE ratio of 28.58, a P/E/G ratio of 1.53 and a beta of 0.99. The Hackett Group has a fifty-two week low of $20.23 and a fifty-two week high of $34.02. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.51 and a current ratio of 1.51.

The Hackett Group (NASDAQ:HCKT) last issued its earnings results on Tuesday, February 18th. The business services provider reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.06). The business had revenue of $77.46 million during the quarter, compared to analyst estimates of $75.64 million. The Hackett Group had a net margin of 9.44% and a return on equity of 36.40%. Equities analysts predict that The Hackett Group will post 1.43 EPS for the current fiscal year.

The Hackett Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be issued a dividend of $0.12 per share. This is an increase from The Hackett Group’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.48 annualized dividend and a dividend yield of 1.58%. The Hackett Group’s dividend payout ratio (DPR) is 45.28%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of HCKT. Versant Capital Management Inc lifted its holdings in The Hackett Group by 353.1% during the 4th quarter. Versant Capital Management Inc now owns 947 shares of the business services provider’s stock worth $29,000 after buying an additional 738 shares during the period. Quantbot Technologies LP lifted its holdings in The Hackett Group by 383.4% during the 3rd quarter. Quantbot Technologies LP now owns 2,741 shares of the business services provider’s stock worth $72,000 after buying an additional 2,174 shares during the period. Longboard Asset Management LP acquired a new position in The Hackett Group during the 4th quarter worth about $207,000. ProShare Advisors LLC acquired a new position in The Hackett Group during the 4th quarter worth about $219,000. Finally, Arizona State Retirement System acquired a new position in The Hackett Group during the 4th quarter worth about $221,000. 78.12% of the stock is owned by institutional investors and hedge funds.

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.