The Hackett Group (NASDAQ:HCKT) Rating Reiterated by Barrington Research

Barrington Research reaffirmed their outperform rating on shares of The Hackett Group (NASDAQ:HCKT) in a research report sent to investors on Wednesday, Benzinga reports. They currently have a $28.00 target price on the business services provider’s stock.

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

The Hackett Group Price Performance

Shares of HCKT stock opened at $25.97 on Wednesday. The Hackett Group has a fifty-two week low of $20.23 and a fifty-two week high of $27.68. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.71 and a current ratio of 1.71. The firm has a market capitalization of $717.14 million, a price-to-earnings ratio of 20.61, a PEG ratio of 1.46 and a beta of 0.91. The stock’s 50-day simple moving average is $25.84 and its 200-day simple moving average is $23.66.

The Hackett Group (NASDAQ:HCKT) last released its earnings results on Tuesday, August 6th. The business services provider reported $0.31 earnings per share for the quarter, hitting the consensus estimate of $0.31. The company had revenue of $75.90 million for 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%. As a group, equities analysts forecast that The Hackett Group will post 1.28 earnings per share for the current fiscal year.

The Hackett Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 20th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend is Friday, September 20th. The Hackett Group’s dividend payout ratio (DPR) is currently 34.92%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rhumbline Advisers grew its position in The Hackett Group by 1.6% during the 2nd quarter. Rhumbline Advisers now owns 38,946 shares of the business services provider’s stock worth $846,000 after purchasing an additional 608 shares during the period. Mackenzie Financial Corp grew its holdings in The Hackett Group by 5.2% during the second quarter. Mackenzie Financial Corp now owns 15,034 shares of the business services provider’s stock worth $327,000 after acquiring an additional 748 shares during the period. The Manufacturers Life Insurance Company raised its position in The Hackett Group by 9.0% during the second quarter. The Manufacturers Life Insurance Company now owns 10,262 shares of the business services provider’s stock valued at $223,000 after acquiring an additional 851 shares in the last quarter. Sei Investments Co. lifted its holdings in The Hackett Group by 1.7% in the second quarter. Sei Investments Co. now owns 56,083 shares of the business services provider’s stock valued at $1,218,000 after acquiring an additional 941 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in The Hackett Group by 18.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,419 shares of the business services provider’s stock worth $183,000 after purchasing an additional 1,283 shares in the last quarter. 78.12% of the stock is currently owned by institutional investors and hedge funds.

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.