The Hackett Group (NASDAQ:HCKT) PT Raised to $28.00

The Hackett Group (NASDAQ:HCKT) had its target price upped by Barrington Research from $26.00 to $28.00 in a report published on Thursday morning, Benzinga reports. They currently have an outperform rating on the business services provider’s stock.

The Hackett Group Price Performance

The Hackett Group stock traded down $0.05 during midday trading on Thursday, reaching $25.47. The company’s stock had a trading volume of 154,976 shares, compared to its average volume of 99,217. The firm has a market capitalization of $703.33 million, a PE ratio of 20.24, a P/E/G ratio of 1.55 and a beta of 0.91. The Hackett Group has a fifty-two week low of $20.23 and a fifty-two week high of $27.68. The stock’s 50 day simple moving average is $23.12 and its 200 day simple moving average is $23.16. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.66 and a current ratio of 1.66.

The Hackett Group (NASDAQ:HCKT) last announced its quarterly earnings data on Tuesday, May 7th. The business services provider reported $0.32 EPS for the quarter, beating the consensus estimate of $0.31 by $0.01. The firm had revenue of $75.73 million during the quarter, compared to analysts’ expectations of $73.85 million. The Hackett Group had a net margin of 11.48% and a return on equity of 40.62%. On average, equities research analysts forecast that The Hackett Group will post 1.28 earnings per share for the current year.

The Hackett Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 20th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend is Friday, September 20th. The Hackett Group’s dividend payout ratio (DPR) is 34.92%.

Hedge Funds Weigh In On The Hackett Group

Several hedge funds have recently bought and sold shares of the company. Harbor Capital Advisors Inc. grew its holdings in The Hackett Group by 273.4% in the second 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. Wesbanco Bank Inc. acquired a new stake in The Hackett Group in the 1st quarter valued at about $1,061,000. BOKF NA purchased a new position in The Hackett Group during the 1st quarter valued at about $305,000. Greenwood Capital Associates LLC raised its position in The Hackett Group by 12.5% during the first quarter. Greenwood Capital Associates LLC now owns 19,905 shares of the business services provider’s stock worth $484,000 after acquiring an additional 2,206 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of The Hackett Group by 3.2% in the first quarter. Vanguard Group Inc. now owns 1,995,053 shares of the business services provider’s stock valued at $48,480,000 after purchasing an additional 61,635 shares in the last quarter. 78.12% of the stock is owned by hedge funds and other institutional investors.

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.