The Hackett Group (NASDAQ:HCKT) Downgraded by Zacks Research to “Strong Sell”

Zacks Research downgraded shares of The Hackett Group (NASDAQ:HCKT) from a hold rating to a strong sell rating in a report published on Tuesday,Zacks.com reports.

Other research analysts have also recently issued research reports about the company. Wall Street Zen cut The Hackett Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Barrington Research cut their price objective on shares of The Hackett Group from $17.00 to $16.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 6th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of The Hackett Group in a report on Monday, July 6th. Finally, Roth Capital set a $17.00 target price on shares of The Hackett Group in a research report on Wednesday, May 6th. One analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $16.50.

The Hackett Group Stock Performance

HCKT opened at $11.16 on Tuesday. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 1.19. The business’s 50 day moving average is $10.65 and its 200-day moving average is $12.46. The stock has a market cap of $277.66 million, a PE ratio of 17.17, a price-to-earnings-growth ratio of 0.98 and a beta of 0.92. The Hackett Group has a twelve month low of $9.15 and a twelve month high of $21.40.

The Hackett Group (NASDAQ:HCKT) last issued its quarterly earnings data on Tuesday, August 4th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.34. The Hackett Group had a return on equity of 34.77% and a net margin of 5.86%.The business had revenue of $69.33 million during the quarter, compared to analyst estimates of $68.80 million. The Hackett Group has set its Q3 2026 guidance at 0.370-0.390 EPS. On average, analysts predict that The Hackett Group will post 1.17 earnings per share for the current year.

The Hackett Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 18th will be issued a $0.12 dividend. The ex-dividend date is Friday, September 18th. This represents a $0.48 annualized dividend and a dividend yield of 4.3%. The Hackett Group’s dividend payout ratio is 73.85%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Rhumbline Advisers raised its position in The Hackett Group by 1.5% during the second quarter. Rhumbline Advisers now owns 39,506 shares of the business services provider’s stock valued at $1,004,000 after acquiring an additional 581 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in The Hackett Group by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,007 shares of the business services provider’s stock worth $439,000 after acquiring an additional 614 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of The Hackett Group by 7.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,773 shares of the business services provider’s stock worth $248,000 after purchasing an additional 707 shares during the last quarter. CWC Advisors LLC. increased its stake in shares of The Hackett Group by 5.1% during the 1st quarter. CWC Advisors LLC. now owns 16,216 shares of the business services provider’s stock worth $211,000 after purchasing an additional 794 shares during the last quarter. Finally, CWM LLC raised its holdings in shares of The Hackett Group by 31.3% during the 4th quarter. CWM LLC now owns 3,499 shares of the business services provider’s stock valued at $69,000 after purchasing an additional 835 shares in the last quarter. 78.12% of the stock is owned by institutional investors and hedge funds.

About The Hackett Group

The Hackett Group is a global strategic advisory firm specializing in business transformation, benchmarking and research. Leveraging a proprietary data repository and the Hackett Methodology®, the company helps organizations optimize performance across enterprise functions. Its advisory services span digital transformation, process optimization and operational excellence, enabling clients to identify best practices, streamline workflows and achieve sustainable cost savings.

Through detailed benchmarking studies and industry research, The Hackett Group delivers actionable insights into finance, procurement, human resources, information technology and supply chain management.