The Hackett Group (NASDAQ:HCKT) Upgraded by Wall Street Zen to Buy Rating

Wall Street Zen upgraded shares of The Hackett Group (NASDAQ:HCKT - Free Report) from a hold rating to a buy rating in a research note issued to investors on Saturday.

Separately, Barrington Research cut their price target on shares of The Hackett Group from $36.00 to $32.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $31.33.

The Hackett Group Stock Up 5.7%

HCKT traded up $1.38 during midday trading on Friday, reaching $25.53. 411,793 shares of the company were exchanged, compared to its average volume of 128,355. The Hackett Group has a one year low of $21.12 and a one year high of $34.02. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.59 and a current ratio of 1.59. The company's fifty day moving average price is $25.08 and its 200 day moving average price is $28.24. The company has a market cap of $706.16 million, a price-to-earnings ratio of 30.04, a price-to-earnings-growth ratio of 1.37 and a beta of 0.96.

The Hackett Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 7th. Stockholders of record on Friday, June 20th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date is Friday, June 20th. The Hackett Group's payout ratio is 56.47%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Versant Capital Management Inc increased its holdings in The Hackett Group by 48.9% in the 1st quarter. Versant Capital Management Inc now owns 1,410 shares of the business services provider's stock worth $41,000 after acquiring an additional 463 shares during the last quarter. Quantbot Technologies LP increased its stake in shares of The Hackett Group by 52.5% in the fourth 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 in the last quarter. AlphaQuest LLC raised its position in shares of The Hackett Group by 60.5% in the first quarter. AlphaQuest LLC now owns 4,804 shares of the business services provider's stock valued at $140,000 after purchasing an additional 1,810 shares during the period. ProShare Advisors LLC purchased a new stake in shares of The Hackett Group during the 4th quarter valued at approximately $219,000. Finally, Arizona State Retirement System bought a new position in The Hackett Group in the 4th quarter worth approximately $221,000. 78.12% of the stock is owned by institutional investors.

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.