The Hackett Group (NASDAQ:HCKT) Upgraded to Hold 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 sent to investors on Monday,Zacks.com reports.

A number of other analysts have also recently issued reports on HCKT. Barrington Research reissued an “outperform” rating and set a $17.00 target price 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 research note on Saturday, March 21st. Weiss Ratings cut shares of The Hackett Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, April 8th. Finally, Roth Mkm set a $24.00 price target on shares of The Hackett Group in a research note on Wednesday, February 18th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $20.50.

The Hackett Group Stock Down 0.7%

NASDAQ HCKT traded down $0.09 during trading hours on Monday, reaching $13.86. 25,792 shares of the company’s stock were exchanged, compared to its average volume of 283,059. The company’s 50-day moving average is $13.58 and its two-hundred day moving average is $17.07. The Hackett Group has a one year low of $12.19 and a one year high of $26.76. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.72 and a current ratio of 1.72. The company has a market capitalization of $349.45 million, a price-to-earnings ratio of 29.49, a price-to-earnings-growth ratio of 0.93 and a beta of 1.04.

The Hackett Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 3rd. Stockholders of record on Friday, March 20th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, March 20th. The Hackett Group’s dividend payout ratio (DPR) is currently 102.13%.

Institutional Investors Weigh In On The Hackett Group

Several large investors have recently made changes to their positions in the stock. Values First Advisors Inc. boosted its holdings in shares of The Hackett Group by 2.8% in the 1st quarter. Values First Advisors Inc. now owns 63,350 shares of the business services provider’s stock valued at $824,000 after buying an additional 1,734 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of The Hackett Group by 160.8% in the 1st quarter. SG Americas Securities LLC now owns 166,458 shares of the business services provider’s stock valued at $2,166,000 after buying an additional 102,638 shares during the last quarter. CWC Advisors LLC. boosted its holdings in shares of The Hackett Group by 5.1% in the 1st quarter. CWC Advisors LLC. now owns 16,216 shares of the business services provider’s stock valued at $211,000 after buying an additional 794 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in shares of The Hackett Group by 53,500.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,216 shares of the business services provider’s stock valued at $63,000 after buying an additional 3,210 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of The Hackett Group by 7.1% in the 4th quarter. Invesco Ltd. now owns 42,010 shares of the business services provider’s stock valued at $825,000 after buying an additional 2,799 shares during the last quarter. Institutional investors and hedge funds own 78.12% of the company’s stock.

The Hackett Group Company Profile

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.