The Hackett Group (NASDAQ:HCKT) Sets New 12-Month High – Still a Buy?

The Hackett Group, Inc. (NASDAQ:HCKT) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $31.85 and last traded at $31.77, with a volume of 4465 shares changing hands. The stock had previously closed at $31.60.

Analyst Ratings Changes

HCKT has been the subject of several research reports. Roth Capital downgraded shares of The Hackett Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 7th. Barrington Research reissued an “outperform” rating and set a $28.00 price target on shares of The Hackett Group in a report on Tuesday, November 5th. Craig Hallum upped their price objective on The Hackett Group from $30.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Finally, Roth Mkm lifted their target price on The Hackett Group from $29.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $30.00.

The Hackett Group Trading Down 2.1 %

The stock has a market capitalization of $864.95 million, a P/E ratio of 25.70, a P/E/G ratio of 1.75 and a beta of 0.91. 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 business has a 50-day moving average price of $26.15 and a two-hundred day moving average price of $24.32.

The Hackett Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.40%. The ex-dividend date is Friday, December 20th. The Hackett Group’s dividend payout ratio is currently 36.07%.

Institutional Trading of The Hackett Group

Several large investors have recently made changes to their positions in the company. Isthmus Partners LLC raised its position in The Hackett Group by 1.1% during the second quarter. Isthmus Partners LLC now owns 164,195 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 1,763 shares in the last quarter. Financial Management Professionals Inc. acquired a new position in shares of The Hackett Group during the 3rd quarter worth $54,000. Quantbot Technologies LP lifted its position in shares of The Hackett Group by 383.4% during the 3rd quarter. Quantbot Technologies LP now owns 2,741 shares of the business services provider’s stock worth $72,000 after buying an additional 2,174 shares during the last quarter. CWM LLC boosted its stake in The Hackett Group by 78.4% in the second quarter. CWM LLC now owns 4,667 shares of the business services provider’s stock valued at $101,000 after buying an additional 2,051 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in The Hackett Group by 18.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,419 shares of the business services provider’s stock valued at $183,000 after acquiring an additional 1,283 shares during the last quarter. Institutional investors and hedge funds own 78.12% of the company’s stock.

About The Hackett Group

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.