The Hackett Group (NASDAQ:HCKT) Price Target Raised to $36.00 at Barrington Research

The Hackett Group (NASDAQ:HCKT) had its price target boosted by Barrington Research from $28.00 to $36.00 in a research report released on Thursday,Benzinga reports. Barrington Research currently has an outperform rating on the business services provider’s stock.

A number of other analysts also recently issued reports on the stock. Roth Mkm lifted their price objective on shares of The Hackett Group from $29.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. StockNews.com raised The Hackett Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Finally, Craig Hallum increased their price objective on The Hackett Group from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, The Hackett Group currently has a consensus rating of “Buy” and an average target price of $32.67.

The Hackett Group Stock Performance

The Hackett Group stock opened at $30.69 on Thursday. The Hackett Group has a 1-year low of $20.23 and a 1-year high of $34.02. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $846.74 million, a PE ratio of 28.95, a price-to-earnings-growth ratio of 1.58 and a beta of 0.99. The firm’s 50 day simple moving average is $30.84 and its 200 day simple moving average is $28.53.

The Hackett Group (NASDAQ:HCKT) last released its quarterly earnings results on Tuesday, February 18th. The business services provider reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.06). The Hackett Group had a return on equity of 36.40% and a net margin of 9.44%. The firm had revenue of $77.46 million during the quarter, compared to the consensus estimate of $75.64 million. As a group, analysts expect that The Hackett Group will post 1.43 earnings per share for the current fiscal year.

The Hackett Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend is Friday, March 21st. This is a boost from The Hackett Group’s previous quarterly dividend of $0.11. The Hackett Group’s dividend payout ratio (DPR) is presently 41.51%.

Institutional Trading of The Hackett Group

Several institutional investors have recently added to or reduced their stakes in HCKT. CWM LLC lifted its stake in shares of The Hackett Group by 8.4% in the 3rd quarter. CWM LLC now owns 5,061 shares of the business services provider’s stock valued at $133,000 after acquiring an additional 394 shares during the last quarter. CWC Advisors LLC. bought a new position in The Hackett Group during the 3rd quarter worth approximately $328,000. Financial Management Professionals Inc. purchased a new position in The Hackett Group in the 3rd quarter worth approximately $54,000. Pinnacle Associates Ltd. lifted its position in The Hackett Group by 47.1% in the third quarter. Pinnacle Associates Ltd. now owns 136,674 shares of the business services provider’s stock valued at $3,590,000 after purchasing an additional 43,775 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of The Hackett Group by 6,302.3% during the third quarter. Farther Finance Advisors LLC now owns 16,518 shares of the business services provider’s stock valued at $434,000 after purchasing an additional 16,260 shares during the period. 78.12% of the stock is currently owned by hedge funds and other 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.