The Hackett Group (NASDAQ:HCKT) Price Target Cut to $32.00 by Analysts at Barrington Research

The Hackett Group (NASDAQ:HCKT) had its target price cut by Barrington Research from $36.00 to $32.00 in a research note published on Wednesday morning,Benzinga reports. They currently have an outperform rating on the business services provider’s stock.

Separately, StockNews.com lowered shares of The Hackett Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 24th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $31.33.

The Hackett Group Stock Up 0.5 %

NASDAQ HCKT opened at $24.78 on Wednesday. The company has a market cap of $685.09 million, a price-to-earnings ratio of 23.38, a PEG ratio of 1.53 and a beta of 0.96. The Hackett Group has a 1-year low of $21.12 and a 1-year high of $34.02. 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 company has a 50 day moving average of $27.18 and a 200-day moving average of $29.23.

The Hackett Group (NASDAQ:HCKT) last released its earnings results on Tuesday, February 18th. The business services provider reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $77.46 million for the quarter, compared to the consensus estimate of $75.64 million. On average, equities research analysts expect that The Hackett Group will post 1.43 earnings per share for the current fiscal year.

The Hackett Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 7th. Shareholders of record on Friday, June 20th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend is Friday, June 20th. The Hackett Group’s payout ratio is 45.28%.

Institutional Investors Weigh In On The Hackett Group

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in The Hackett Group by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 2,186,611 shares of the business services provider’s stock valued at $67,173,000 after purchasing an additional 16,682 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of The Hackett Group by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 716,072 shares of the business services provider’s stock valued at $22,002,000 after acquiring an additional 15,819 shares during the last quarter. Boston Partners boosted its holdings in shares of The Hackett Group by 2.9% during the 4th quarter. Boston Partners now owns 525,435 shares of the business services provider’s stock valued at $16,086,000 after acquiring an additional 14,676 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of The Hackett Group by 5.2% during the 4th quarter. Wellington Management Group LLP now owns 393,291 shares of the business services provider’s stock valued at $12,082,000 after acquiring an additional 19,300 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in The Hackett Group by 1.7% during the 4th quarter. Wells Fargo & Company MN now owns 322,655 shares of the business services provider’s stock worth $9,912,000 after acquiring an additional 5,459 shares during 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.