The Hackett Group (NASDAQ:HCKT) Sets New 12-Month High – Still a Buy?

The Hackett Group, Inc. (NASDAQ:HCKT) hit a new 52-week high on Tuesday . The stock traded as high as $33.50 and last traded at $31.85, with a volume of 239 shares. The stock had previously closed at $31.94.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on HCKT. Craig Hallum boosted their price objective on The Hackett Group from $30.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Barrington Research boosted their target price on shares of The Hackett Group from $28.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday. StockNews.com raised shares of The Hackett Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Finally, Roth Mkm boosted their price objective on shares of The Hackett Group from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, The Hackett Group currently has a consensus rating of “Buy” and a consensus target price of $32.67.

The Hackett Group Trading Down 0.3 %

The firm has a market capitalization of $846.74 million, a P/E ratio of 28.95, a price-to-earnings-growth ratio of 1.58 and a beta of 0.99. The stock has a 50-day simple moving average of $30.86 and a two-hundred day simple moving average of $28.52. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.18.

The Hackett Group (NASDAQ:HCKT) last released its quarterly earnings data on Tuesday, February 18th. The business services provider reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.06). The Hackett Group had a net margin of 9.44% and a return on equity of 36.40%. The firm had revenue of $77.46 million during the quarter, compared to the consensus estimate of $75.64 million. On average, equities research analysts anticipate that The Hackett Group, Inc. will post 1.43 earnings per share for the current year.

The Hackett Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend is Friday, March 21st. This is a boost from The Hackett Group’s previous quarterly dividend of $0.11. The Hackett Group’s dividend payout ratio is presently 41.51%.

Hedge Funds Weigh In On The Hackett Group

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Versant Capital Management Inc lifted its holdings in The Hackett Group by 353.1% during the fourth quarter. Versant Capital Management Inc now owns 947 shares of the business services provider’s stock worth $29,000 after buying an additional 738 shares during the period. Financial Management Professionals Inc. bought a new stake in The Hackett Group during the third quarter valued at about $54,000. Quantbot Technologies LP raised its holdings in The Hackett Group by 383.4% in the third quarter. Quantbot Technologies LP now owns 2,741 shares of the business services provider’s stock worth $72,000 after purchasing an additional 2,174 shares in the last quarter. CWM LLC raised its holdings in The Hackett Group by 8.4% in the third quarter. CWM LLC now owns 5,061 shares of the business services provider’s stock worth $133,000 after purchasing an additional 394 shares in the last quarter. Finally, Longboard Asset Management LP purchased a new stake in shares of The Hackett Group during the fourth quarter valued at about $207,000. 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.