The Hackett Group (NASDAQ:HCKT) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

The Hackett Group, Inc. (NASDAQ:HCKT)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $26.26 and traded as high as $30.79. The Hackett Group shares last traded at $30.78, with a volume of 39,268 shares trading hands.

Analysts Set New Price Targets

A number of brokerages have recently commented on HCKT. Roth Mkm increased their price target on The Hackett Group from $29.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Craig Hallum raised their price objective on shares of 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 restated an “outperform” rating and issued a $28.00 price target on shares of The Hackett Group in a research report on Tuesday, November 5th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, The Hackett Group presently has an average rating of “Moderate Buy” and a consensus price target of $30.00.

The Hackett Group Price Performance

The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.18. The business’s 50-day simple moving average is $29.59 and its two-hundred day simple moving average is $26.35. The firm has a market cap of $843.79 million, a price-to-earnings ratio of 25.07, a P/E/G ratio of 1.73 and a beta of 1.00.

The Hackett Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 20th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date is Friday, December 20th. The Hackett Group’s dividend payout ratio is presently 36.07%.

Institutional Trading of The Hackett Group

A number of institutional investors have recently bought and sold shares of the company. Isthmus Partners LLC grew its stake in The Hackett Group by 1.1% during the second quarter. Isthmus Partners LLC now owns 164,195 shares of the business services provider’s stock worth $36,000 after purchasing an additional 1,763 shares during the period. Financial Management Professionals Inc. acquired a new stake in shares of The Hackett Group during the 3rd quarter worth approximately $54,000. Quantbot Technologies LP increased its stake in shares of The Hackett Group by 383.4% in the 3rd quarter. Quantbot Technologies LP now owns 2,741 shares of the business services provider’s stock valued at $72,000 after acquiring an additional 2,174 shares in the last quarter. CWM LLC lifted its position in shares of The Hackett Group by 8.4% during the 3rd quarter. CWM LLC now owns 5,061 shares of the business services provider’s stock valued at $133,000 after acquiring an additional 394 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in The Hackett Group by 18.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,419 shares of the business services provider’s stock valued at $183,000 after purchasing an additional 1,283 shares in the last quarter. Institutional investors own 78.12% of the company’s stock.

The Hackett Group Company Profile

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.