The Hackett Group (NASDAQ:HCKT) Upgraded at Zacks Research

Zacks Research upgraded shares of The Hackett Group (NASDAQ:HCKT – Free Report) from a strong sell rating to a hold rating in a research report report published on Monday morning,Zacks reports.

A number of other equities research analysts have also recently commented on HCKT. Weiss Ratings reiterated a “sell (d+)” rating on shares of The Hackett Group in a research note on Friday, October 2nd. Wall Street Zen upgraded shares of The Hackett Group from a “hold” rating to a “buy” rating in a report on Saturday, September 5th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $16.50.

View Our Latest Stock Report on HCKT

The Hackett Group Stock Performance

HCKT stock opened at $10.75 on Monday. The firm has a market cap of $267.46 million, a PE ratio of 16.54, a P/E/G ratio of 0.92 and a beta of 0.96. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 1.19. The business has a 50 day moving average of $10.88 and a 200-day moving average of $11.24. The Hackett Group has a 12-month low of $9.15 and a 12-month high of $20.68.

The Hackett Group (NASDAQ:HCKT – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The business services provider reported $0.34 EPS for the quarter, meeting analysts’ consensus estimates of $0.34. The Hackett Group had a return on equity of 34.77% and a net margin of 5.86%.The company had revenue of $69.33 million during the quarter, compared to the consensus estimate of $68.80 million. The Hackett Group has set its Q3 2026 guidance at 0.370-0.390 EPS. As a group, sell-side analysts expect that The Hackett Group will post 1.17 earnings per share for the current year.

The Hackett Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 18th were given a $0.12 dividend. The ex-dividend date was Friday, September 18th. This represents a $0.48 annualized dividend and a dividend yield of 4.5%. The Hackett Group’s payout ratio is 73.85%.

Institutional Trading of The Hackett Group

A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in shares of The Hackett Group in the 2nd quarter valued at $18,957,000. Bank of America Corp DE purchased a new position in The Hackett Group in the 2nd quarter worth $7,681,000. Punch & Associates Investment Management Inc. purchased a new position in The Hackett Group in the 2nd quarter worth $5,113,000. Weber Capital Management LLC ADV purchased a new position in The Hackett Group in the 2nd quarter worth $2,430,391. Finally, Quantinno Capital Management LP lifted its stake in The Hackett Group by 554.1% in the first quarter. Quantinno Capital Management LP now owns 199,993 shares of the business services provider’s stock worth $2,602,000 after purchasing an additional 169,420 shares during the last quarter. Hedge funds and other institutional investors own 78.12% of the company’s stock.

The Hackett Group Company Profile

(Get Free Report)

The Hackett Group, Inc is a global business and technology consulting firm that helps organizations improve performance, streamline operations and execute large-scale transformation initiatives. The company serves executives and business functions including finance, procurement, human resources, information technology, supply chain and enterprise performance management.

Its offerings include benchmarking and performance studies, executive advisory services, technology consulting, enterprise transformation and implementation support.

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