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 report released on Saturday morning,Wall Street Zen reports.

A number of other equities research analysts have also weighed in on HCKT. Zacks Research lowered The Hackett Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 11th. Weiss Ratings restated a “sell (d+)” rating on shares of The Hackett Group in a report on Monday, July 6th. One research analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, The Hackett Group currently has a consensus rating of “Reduce” and an average target price of $16.50.

The Hackett Group Stock Performance

Shares of HCKT opened at $11.21 on Friday. The firm has a market cap of $278.90 million, a price-to-earnings ratio of 17.25, a PEG ratio of 0.96 and a beta of 0.92. The firm has a 50 day moving average price of $10.74 and a 200-day moving average price of $11.74. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.94 and a current ratio of 1.94. The Hackett Group has a fifty-two week low of $9.15 and a fifty-two week high of $21.33.

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

The Hackett Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 18th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Friday, September 18th. The Hackett Group’s payout ratio is 73.85%.

Institutional Trading of The Hackett Group

A number of hedge funds have recently bought and sold shares of HCKT. Quadrant Capital Group LLC bought a new position in shares of The Hackett Group in the 4th quarter worth approximately $41,000. PNC Financial Services Group Inc. increased its holdings in The Hackett Group by 138.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,554 shares of the business services provider’s stock worth $46,000 after acquiring an additional 2,062 shares in the last quarter. Danske Bank A S bought a new stake in shares of The Hackett Group during the 4th quarter valued at $49,000. Caitong International Asset Management Co. Ltd lifted its position in shares of The Hackett Group by 53,500.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,216 shares of the business services provider’s stock valued at $63,000 after acquiring an additional 3,210 shares in the last quarter. Finally, CWM LLC lifted its position in shares of The Hackett Group by 31.3% in the fourth quarter. CWM LLC now owns 3,499 shares of the business services provider’s stock valued at $69,000 after acquiring an additional 835 shares in the last quarter. Hedge funds and other institutional investors own 78.12% of the company’s stock.

About The Hackett Group

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.