Barrington Research Reaffirms Outperform Rating for The Hackett Group (NASDAQ:HCKT)

Barrington Research reissued their outperform rating on shares of The Hackett Group (NASDAQ:HCKT) in a research report released on Tuesday morning,Benzinga reports. They currently have a $28.00 price objective on the business services provider’s stock.

A number of other brokerages have also recently issued reports on HCKT. Craig Hallum lifted their price target on shares of The Hackett Group from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday. Roth Capital lowered shares of The Hackett Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 7th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $30.00.

The Hackett Group Trading Up 2.6 %

HCKT opened at $31.06 on Tuesday. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.26. The Hackett Group has a 52 week low of $20.23 and a 52 week high of $31.13. The stock has a market cap of $857.04 million, a PE ratio of 25.46, a PEG ratio of 1.36 and a beta of 0.91. The business has a 50 day moving average of $25.93 and a 200-day moving average of $24.15.

The Hackett Group (NASDAQ:HCKT) last announced its quarterly earnings data on Tuesday, August 6th. The business services provider reported $0.31 EPS for the quarter, meeting the consensus estimate of $0.31. The business had revenue of $75.90 million during the quarter, compared to analyst estimates of $74.16 million. The Hackett Group had a return on equity of 36.76% and a net margin of 11.05%. Equities research analysts predict that The Hackett Group will post 1.28 earnings per share for the current fiscal year.

The Hackett Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 20th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend is Friday, December 20th. The Hackett Group’s dividend payout ratio (DPR) is 36.07%.

Institutional Investors Weigh In On The Hackett Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Harbor Capital Advisors Inc. boosted its stake in The Hackett Group by 273.4% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 100,527 shares of the business services provider’s stock valued at $2,183,000 after purchasing an additional 73,605 shares during the last quarter. Values First Advisors Inc. bought a new stake in The Hackett Group in the 2nd quarter worth about $1,799,000. BOKF NA purchased a new position in The Hackett Group in the 1st quarter worth about $305,000. Pacific Ridge Capital Partners LLC bought a new position in The Hackett Group during the 2nd quarter valued at about $656,000. Finally, Vanguard Group Inc. boosted its holdings in shares of The Hackett Group by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 1,995,053 shares of the business services provider’s stock valued at $48,480,000 after acquiring an additional 61,635 shares during the last quarter. Institutional investors 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.