The Hackett Group (NASDAQ:HCKT) Stock Rating Lowered by Wall Street Zen

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

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

The Hackett Group Stock Down 0.7%

The Hackett Group stock traded down $0.16 during midday trading on Monday, reaching $23.38. The company's stock had a trading volume of 14,030 shares, compared to its average volume of 154,916. The Hackett Group has a fifty-two week low of $21.44 and a fifty-two week high of $34.02. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.16. The company has a market cap of $646.55 million, a P/E ratio of 27.55, a P/E/G ratio of 1.36 and a beta of 0.95. The business has a 50-day simple moving average of $24.71 and a 200-day simple moving average of $27.31.

The Hackett Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 7th. Stockholders of record on Friday, June 20th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.05%. The ex-dividend date was Friday, June 20th. The Hackett Group's dividend payout ratio (DPR) is 56.47%.

Institutional Investors Weigh In On The Hackett Group

Several institutional investors have recently modified their holdings of HCKT. Versant Capital Management Inc raised its position in shares of The Hackett Group by 48.9% during the 1st quarter. Versant Capital Management Inc now owns 1,410 shares of the business services provider's stock worth $41,000 after purchasing an additional 463 shares during the last quarter. Copeland Capital Management LLC acquired a new position in shares of The Hackett Group during the 2nd quarter worth approximately $65,000. Hennessy Advisors Inc. acquired a new position in shares of The Hackett Group during the 2nd quarter worth approximately $91,000. Quantbot Technologies LP raised its position in shares of The Hackett Group by 52.5% during the 4th quarter. Quantbot Technologies LP now owns 4,180 shares of the business services provider's stock worth $128,000 after purchasing an additional 1,439 shares during the last quarter. Finally, AlphaQuest LLC raised its position in shares of The Hackett Group by 60.5% during the 1st quarter. AlphaQuest LLC now owns 4,804 shares of the business services provider's stock worth $140,000 after purchasing an additional 1,810 shares during the last quarter. Hedge funds and other 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.