The Hackett Group (NASDAQ:HCKT) Price Target Raised to $36.00 at Barrington Research

The Hackett Group (NASDAQ:HCKT) had its price objective increased by Barrington Research from $28.00 to $36.00 in a research note released on Thursday,Benzinga reports. They currently have an outperform rating on the business services provider’s stock.

Several other brokerages have also recently weighed in on HCKT. Roth Mkm raised their price objective on The Hackett Group from $29.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. StockNews.com raised shares of The Hackett Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Finally, Craig Hallum upped their price objective on shares of The Hackett Group from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $32.67.

The Hackett Group Trading Down 0.3 %

NASDAQ:HCKT opened at $30.69 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.51 and a quick ratio of 1.51. The Hackett Group has a one year low of $20.23 and a one year high of $34.02. The company has a market cap of $846.74 million, a PE ratio of 28.95, a PEG ratio of 1.58 and a beta of 0.99. The firm has a 50-day moving average of $30.84 and a 200-day moving average of $28.53.

The Hackett Group (NASDAQ:HCKT) last issued its quarterly earnings data on Tuesday, February 18th. The business services provider reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.06). The Hackett Group had a return on equity of 36.40% and a net margin of 9.44%. The company had revenue of $77.46 million for the quarter, compared to the consensus estimate of $75.64 million. As a group, equities research analysts expect that The Hackett Group will post 1.43 EPS for the current fiscal year.

The Hackett Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be given a dividend of $0.12 per share. The ex-dividend date is Friday, March 21st. This is a positive change from The Hackett Group’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a dividend yield of 1.56%. The Hackett Group’s dividend payout ratio (DPR) is currently 41.51%.

Hedge Funds Weigh In On The Hackett Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. CWM LLC increased its holdings in The Hackett Group by 8.4% during the third quarter. CWM LLC now owns 5,061 shares of the business services provider’s stock worth $133,000 after buying an additional 394 shares during the last quarter. CWC Advisors LLC. purchased a new stake in shares of The Hackett Group during the 3rd quarter worth approximately $328,000. Financial Management Professionals Inc. purchased a new stake in shares of The Hackett Group during the 3rd quarter worth approximately $54,000. Pinnacle Associates Ltd. raised its holdings in shares of The Hackett Group by 47.1% in the 3rd quarter. Pinnacle Associates Ltd. now owns 136,674 shares of the business services provider’s stock worth $3,590,000 after purchasing an additional 43,775 shares during the period. Finally, Farther Finance Advisors LLC lifted its stake in The Hackett Group by 6,302.3% in the third quarter. Farther Finance Advisors LLC now owns 16,518 shares of the business services provider’s stock valued at $434,000 after purchasing an additional 16,260 shares during the last quarter. 78.12% of the stock is owned by hedge funds and other 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.