The Hackett Group (NASDAQ:HCKT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of The Hackett Group (NASDAQ:HCKT) from a hold rating to a buy rating in a research report report published on Saturday.

Separately, Barrington Research dropped their price target on The Hackett Group from $36.00 to $32.00 and set an “outperform” rating for the company in a report on Wednesday, May 7th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.33.

The Hackett Group Trading Up 2.8%

Shares of HCKT opened at $24.15 on Friday. The Hackett Group has a 1 year low of $21.12 and a 1 year high of $34.02. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.16. The stock has a 50 day simple moving average of $25.08 and a 200-day simple moving average of $28.24. The stock has a market cap of $667.99 million, a PE ratio of 28.41, a PEG ratio of 1.37 and a beta of 0.96.

The Hackett Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 7th. Shareholders of record on Friday, June 20th will be given a $0.12 dividend. The ex-dividend date is Friday, June 20th. This represents a $0.48 dividend on an annualized basis and a yield of 1.99%. The Hackett Group’s payout ratio is 56.47%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Values First Advisors Inc. boosted its position in The Hackett Group by 0.5% in the 1st quarter. Values First Advisors Inc. now owns 80,453 shares of the business services provider’s stock valued at $2,350,000 after buying an additional 438 shares during the last quarter. Versant Capital Management Inc boosted its position in The Hackett Group by 48.9% in the 1st quarter. Versant Capital Management Inc now owns 1,410 shares of the business services provider’s stock valued at $41,000 after buying an additional 463 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in The Hackett Group by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,393 shares of the business services provider’s stock valued at $442,000 after buying an additional 503 shares during the last quarter. Greenwood Capital Associates LLC boosted its position in The Hackett Group by 3.6% in the 1st quarter. Greenwood Capital Associates LLC now owns 16,058 shares of the business services provider’s stock valued at $469,000 after buying an additional 558 shares during the last quarter. Finally, Swiss National Bank boosted its position in The Hackett Group by 1.4% in the 4th quarter. Swiss National Bank now owns 48,992 shares of the business services provider’s stock valued at $1,505,000 after buying an additional 700 shares during the last quarter. 78.12% of the stock is currently owned by institutional investors.

About The Hackett Group

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.