The Hackett Group (NASDAQ:HCKT) Stock Crosses Above Two Hundred Day Moving Average - What's Next?

Key Points

• HCKT shares crossed above their 200-day moving average, reaching $11.45 before closing near $11.31, compared with the 200-day average of $11.18.
• Analyst views are mixed, resulting in a consensus “Hold” rating and an average price target of $16.50. The company met quarterly EPS estimates at $0.34 and slightly exceeded revenue expectations.
• The Hackett Group pays a quarterly dividend of $0.12, equivalent to a 4.2% annualized yield; institutional investors own 78.12% of the company’s shares.

The Hackett Group, Inc. (NASDAQ:HCKT - Get Free Report) shares passed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $11.18 and traded as high as $11.45. The Hackett Group shares last traded at $11.31, with a volume of 150,668 shares traded.

Analyst Upgrades and Downgrades

HCKT has been the subject of several research analyst reports. Weiss Ratings reissued a "sell (d+)" rating on shares of The Hackett Group in a report on Friday, October 2nd. Wall Street Zen upgraded shares of The Hackett Group from a "hold" rating to a "buy" rating in a research report on Saturday, September 5th. Finally, Zacks Research raised The Hackett Group from a "strong sell" rating to a "hold" rating in a research note on Monday, October 5th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $16.50.

The Hackett Group Stock Performance

The firm has a market capitalization of $281.39 million, a P/E ratio of 17.40, a P/E/G ratio of 0.98 and a beta of 0.96. The stock has a fifty day moving average of $10.89 and a 200-day moving average of $11.18. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 1.19.

The Hackett Group (NASDAQ:HCKT - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The business services provider reported $0.34 EPS for the quarter, hitting analysts' consensus estimates of $0.34. The Hackett Group had a net margin of 5.86% and a return on equity of 34.77%. The business had revenue of $69.33 million for 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, research analysts anticipate that The Hackett Group, Inc. will post 1.17 EPS for the current year.

The Hackett Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 18th were issued a $0.12 dividend. The ex-dividend date was Friday, September 18th. This represents a $0.48 annualized dividend and a dividend yield of 4.2%. The Hackett Group's dividend payout ratio (DPR) is presently 73.85%.

Institutional Trading of The Hackett Group

Several institutional investors and hedge funds have recently bought and sold shares of HCKT. BlackRock Inc. acquired a new stake in shares of The Hackett Group in the 2nd quarter valued at approximately $18,957,000. Bank of America Corp DE bought a new position in shares of The Hackett Group in the second quarter valued at $7,681,000. Lazard Asset Management LLC bought a new position in shares of The Hackett Group in the first quarter valued at $1,624,000. Weber Capital Management LLC ADV bought a new position in shares of The Hackett Group in the second quarter valued at $2,430,391. Finally, Quantinno Capital Management LP increased its holdings in The Hackett Group by 554.1% during the first quarter. Quantinno Capital Management LP now owns 199,993 shares of the business services provider's stock worth $2,602,000 after buying an additional 169,420 shares during the last quarter. Institutional investors own 78.12% of the company's stock.

About The Hackett Group

The Hackett Group, Inc is a global business and technology consulting firm that helps organizations improve performance, streamline operations and execute large-scale transformation initiatives. The company serves executives and business functions including finance, procurement, human resources, information technology, supply chain and enterprise performance management.

Its offerings include benchmarking and performance studies, executive advisory services, technology consulting, enterprise transformation and implementation support.

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