The Hackett Group (NASDAQ:HCKT) Earns Outperform Rating from Barrington Research

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

Separately, Roth Capital downgraded The Hackett Group from a strong-buy rating to a hold rating in a research report on Wednesday, August 7th.

The Hackett Group Price Performance

HCKT stock opened at $25.97 on Wednesday. The stock has a market cap of $717.14 million, a PE ratio of 20.61, a P/E/G ratio of 1.46 and a beta of 0.91. The Hackett Group has a 12 month low of $20.23 and a 12 month high of $27.68. The company has a 50-day moving average price of $25.84 and a 200 day moving average price of $23.66. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.26.

The Hackett Group (NASDAQ:HCKT) last announced its quarterly earnings data on Tuesday, August 6th. The business services provider reported $0.31 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.31. The business had revenue of $75.90 million during the quarter, compared to the consensus estimate of $74.16 million. The Hackett Group had a net margin of 11.46% and a return on equity of 38.20%. Equities research analysts anticipate that The Hackett Group will post 1.28 earnings per share for the current year.

The Hackett Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 20th will be issued a $0.11 dividend. The ex-dividend date is Friday, September 20th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.69%. The Hackett Group’s payout ratio is 34.92%.

Hedge Funds Weigh In On The Hackett Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Harbor Capital Advisors Inc. lifted its stake 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 worth $2,183,000 after acquiring an additional 73,605 shares during the period. Values First Advisors Inc. bought a new stake in shares of The Hackett Group in the 2nd quarter valued at about $1,799,000. BOKF NA purchased a new stake in shares of The Hackett Group in the 1st quarter worth approximately $305,000. Greenwood Capital Associates LLC boosted its stake in shares of 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 valued at $484,000 after purchasing an additional 2,206 shares in the last quarter. Finally, Pacific Ridge Capital Partners LLC bought a new position in shares of The Hackett Group during the second quarter valued at approximately $656,000. 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.