The Hackett Group (NASDAQ:HCKT) Downgraded by Wall Street Zen to "Hold"

Wall Street Zen lowered shares of The Hackett Group (NASDAQ:HCKT - Free Report) from a buy rating to a hold rating in a research report report published on Monday morning.

Separately, Barrington Research reiterated an "outperform" rating and issued a $32.00 price target on shares of The Hackett Group in a research report on Thursday, July 17th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $31.33.

The Hackett Group Trading Down 1.5%

Shares of NASDAQ HCKT traded down $0.35 during mid-day trading on Monday, hitting $23.18. The company's stock had a trading volume of 99,700 shares, compared to its average volume of 187,422. The stock has a market cap of $641.04 million, a price-to-earnings ratio of 27.27, a price-to-earnings-growth ratio of 1.38 and a beta of 0.95. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.59 and a quick ratio of 1.59. The Hackett Group has a one year low of $21.44 and a one year high of $34.02. The company's fifty day simple moving average is $24.66 and its 200-day simple moving average is $27.26.

The Hackett Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 7th. Investors of record on Friday, June 20th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend was Friday, June 20th. The Hackett Group's payout ratio is 56.47%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of HCKT. Vanguard Group Inc. lifted its stake in The Hackett Group by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 2,186,611 shares of the business services provider's stock valued at $67,173,000 after buying an additional 16,682 shares in the last quarter. Geode Capital Management LLC lifted its stake in The Hackett Group by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 716,072 shares of the business services provider's stock valued at $22,002,000 after buying an additional 15,819 shares in the last quarter. Ariel Investments LLC lifted its stake in The Hackett Group by 4.1% in the first quarter. Ariel Investments LLC now owns 628,672 shares of the business services provider's stock valued at $18,370,000 after buying an additional 24,608 shares in the last quarter. Punch & Associates Investment Management Inc. lifted its stake in The Hackett Group by 1.6% in the first quarter. Punch & Associates Investment Management Inc. now owns 410,741 shares of the business services provider's stock valued at $12,002,000 after buying an additional 6,635 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in The Hackett Group by 0.7% in the first quarter. Wellington Management Group LLP now owns 395,917 shares of the business services provider's stock valued at $11,569,000 after buying an additional 2,626 shares in the last quarter. Institutional investors own 78.12% of the company's stock.

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.