The Hackett Group (NASDAQ:HCKT) Stock Lifted to Hold by Zacks Research

Zacks Research upgraded shares of The Hackett Group (NASDAQ:HCKT) from a strong sell rating to a hold rating in a report issued on Monday,Zacks reports.

Other analysts have also recently issued reports about the stock. Wall Street Zen upgraded shares of The Hackett Group from a “hold” rating to a “buy” rating in a research note on Saturday, September 5th. Weiss Ratings restated a “sell (d+)” rating on shares of The Hackett Group in a report on Friday. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $16.50.

The Hackett Group Price Performance

Shares of NASDAQ:HCKT opened at $10.73 on Monday. The company’s fifty day moving average is $10.89 and its two-hundred day moving average is $11.26. The company has a market cap of $266.94 million, a P/E ratio of 16.51, a price-to-earnings-growth ratio of 0.92 and a beta of 0.96. The Hackett Group has a 12-month low of $9.15 and a 12-month high of $20.68. 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 Hackett Group (NASDAQ:HCKT) last posted its quarterly 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 Hackett Group had a return on equity of 34.77% and a net margin of 5.86%.The firm had revenue of $69.33 million for the quarter, compared to analyst estimates of $68.80 million. The Hackett Group has set its Q3 2026 guidance at 0.370-0.390 EPS. Equities analysts expect that The Hackett Group will post 1.17 earnings per share for the current fiscal year.

The Hackett Group Dividend Announcement

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

Hedge Funds Weigh In On The Hackett Group

A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. acquired a new position in The Hackett Group in the second quarter worth about $18,957,000. Bank of America Corp DE acquired a new position in The Hackett Group during the second quarter worth $7,681,000. Punch & Associates Investment Management Inc. bought a new position in shares of The Hackett Group during the second quarter valued at $5,113,000. Weber Capital Management LLC ADV bought a new stake in shares of The Hackett Group in the 2nd quarter worth about $2,430,391. Finally, Quantinno Capital Management LP lifted its holdings in The Hackett Group by 554.1% during the 1st quarter. Quantinno Capital Management LP now owns 199,993 shares of the business services provider’s stock valued at $2,602,000 after purchasing an additional 169,420 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, 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.