The Hackett Group (NASDAQ:HCKT) Given New $30.00 Price Target at Roth Mkm

The Hackett Group (NASDAQ:HCKT) had its price objective raised by Roth Mkm from $29.00 to $30.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have a buy rating on the business services provider’s stock.

A number of other equities research analysts also recently issued reports on the stock. Barrington Research reiterated an “outperform” rating and set a $28.00 price target on shares of The Hackett Group in a research report on Tuesday. Craig Hallum lifted their price target on The Hackett Group from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Roth Capital cut shares of The Hackett Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.00.

The Hackett Group Trading Up 2.6 %

NASDAQ:HCKT opened at $31.06 on Tuesday. The stock has a market capitalization of $857.04 million, a price-to-earnings ratio of 25.46, a PEG ratio of 1.36 and a beta of 0.91. The Hackett Group has a 1 year low of $20.23 and a 1 year high of $31.13. The stock has a fifty day moving average price of $25.93 and a two-hundred day moving average price of $24.15. 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 Hackett Group (NASDAQ:HCKT) last announced its quarterly earnings data on Tuesday, August 6th. The business services provider reported $0.31 EPS for the quarter, meeting the consensus estimate of $0.31. The Hackett Group had a net margin of 11.05% and a return on equity of 36.76%. The firm had revenue of $75.90 million during the quarter, compared to analysts’ expectations of $74.16 million. As a group, sell-side analysts anticipate that The Hackett Group will post 1.28 earnings per share for the current fiscal year.

The Hackett Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 20th will be given a $0.11 dividend. The ex-dividend date is Friday, December 20th. This represents a $0.44 annualized dividend and a dividend yield of 1.42%. The Hackett Group’s dividend payout ratio is currently 36.07%.

Institutional Trading of The Hackett Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Millennium Management LLC boosted its stake in shares of The Hackett Group by 293.2% during the 2nd quarter. Millennium Management LLC now owns 224,567 shares of the business services provider’s stock worth $4,878,000 after purchasing an additional 167,453 shares during the last quarter. Harbor Capital Advisors Inc. boosted its position in The Hackett Group by 150.2% during the third quarter. Harbor Capital Advisors Inc. now owns 251,489 shares of the business services provider’s stock worth $6,607,000 after acquiring an additional 150,962 shares during the last quarter. Values First Advisors Inc. purchased a new stake in The Hackett Group in the 2nd quarter worth approximately $1,799,000. Aristides Capital LLC raised its holdings in The Hackett Group by 111.8% in the 1st quarter. Aristides Capital LLC now owns 144,869 shares of the business services provider’s stock valued at $3,520,000 after acquiring an additional 76,472 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of The Hackett Group by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 1,995,053 shares of the business services provider’s stock worth $48,480,000 after purchasing an additional 61,635 shares during the period. Hedge funds and other institutional investors own 78.12% of the company’s stock.

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.