The Hackett Group, Inc. (NASDAQ:HCKT - Get Free Report) shares hit a new 52-week low on Wednesday . The company traded as low as $18.84 and last traded at $19.01, with a volume of 216937 shares changing hands. The stock had previously closed at $19.04.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on HCKT. Barrington Research reaffirmed an "outperform" rating and issued a $27.00 price target on shares of The Hackett Group in a research note on Thursday, September 4th. Wall Street Zen lowered shares of The Hackett Group from a "buy" rating to a "hold" rating in a research note on Monday, July 21st. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $29.67.
Check Out Our Latest Stock Report on The Hackett Group
The Hackett Group Stock Performance
The firm has a market capitalization of $522.97 million, a price-to-earnings ratio of 31.68, a P/E/G ratio of 1.31 and a beta of 1.02. The stock's fifty day moving average is $20.99 and its two-hundred day moving average is $24.08. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.19.
The Hackett Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 3rd. Shareholders of record on Friday, September 19th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Friday, September 19th. The Hackett Group's payout ratio is currently 80.00%.
Hedge Funds Weigh In On The Hackett Group
Several institutional investors and hedge funds have recently modified their holdings of the stock. State of Wyoming increased its holdings in shares of The Hackett Group by 15.9% in the second quarter. State of Wyoming now owns 12,816 shares of the business services provider's stock valued at $326,000 after purchasing an additional 1,755 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of The Hackett Group by 566.2% in the second quarter. Tower Research Capital LLC TRC now owns 5,703 shares of the business services provider's stock valued at $145,000 after purchasing an additional 4,847 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of The Hackett Group by 87.1% in the second quarter. BNP Paribas Financial Markets now owns 72,945 shares of the business services provider's stock valued at $1,854,000 after purchasing an additional 33,967 shares during the last quarter. Brevan Howard Capital Management LP acquired a new position in shares of The Hackett Group in the second quarter valued at $549,000. Finally, Jane Street Group LLC increased its holdings in shares of The Hackett Group by 103.0% in the second quarter. Jane Street Group LLC now owns 95,806 shares of the business services provider's stock valued at $2,435,000 after purchasing an additional 48,612 shares during the last quarter. 78.12% of the stock is currently owned by institutional investors and hedge funds.
About The Hackett Group
(
Get Free Report)
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.
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