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

Wall Street Zen upgraded shares of The Hackett Group (NASDAQ:HCKT) from a hold rating to a buy rating in a research note published on Saturday morning,Wall Street Zen reports.

Several other equities analysts have also recently issued reports on the company. Zacks Research cut The Hackett Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 11th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of The Hackett Group in a report on Monday, July 6th. One analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $16.50.

The Hackett Group Stock Up 1.2%

NASDAQ:HCKT opened at $11.21 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.94 and a quick ratio of 1.94. The company’s fifty day moving average price is $10.74 and its 200-day moving average price is $11.78. The Hackett Group has a 1-year low of $9.15 and a 1-year high of $21.33. The firm has a market capitalization of $278.90 million, a P/E ratio of 17.25, a PEG ratio of 0.96 and a beta of 0.92.

The Hackett Group (NASDAQ:HCKT) last posted its earnings results on Tuesday, August 4th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.34. The Hackett Group had a net margin of 5.86% and a return on equity of 34.77%. The company had revenue of $69.33 million during the quarter, compared to the consensus estimate of $68.80 million. The Hackett Group has set its Q3 2026 guidance at 0.370-0.390 EPS. As a group, equities research analysts anticipate that The Hackett Group will post 1.17 EPS for the current year.

The Hackett Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 18th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Friday, September 18th. The Hackett Group’s dividend payout ratio is presently 73.85%.

Hedge Funds Weigh In On The Hackett Group

Institutional investors and hedge funds have recently modified their holdings of the business. Lazard Asset Management LLC purchased a new position in The Hackett Group during the first quarter worth approximately $1,624,000. SG Americas Securities LLC increased its position in shares of The Hackett Group by 160.8% in the first quarter. SG Americas Securities LLC now owns 166,458 shares of the business services provider’s stock valued at $2,166,000 after buying an additional 102,638 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of The Hackett Group in the second quarter valued at approximately $18,957,000. Quantinno Capital Management LP raised its stake in shares of The Hackett Group by 554.1% during the 1st quarter. Quantinno Capital Management LP now owns 199,993 shares of the business services provider’s stock worth $2,602,000 after buying an additional 169,420 shares during the period. Finally, Weber Capital Management LLC ADV acquired a new position in shares of The Hackett Group during the 2nd quarter worth approximately $2,430,391. Hedge funds and other institutional investors own 78.12% of the company’s stock.

The Hackett Group Company Profile

The Hackett Group is a global strategic advisory firm specializing in business transformation, benchmarking and research. Leveraging a proprietary data repository and the Hackett Methodology®, the company helps organizations optimize performance across enterprise functions. Its advisory services span digital transformation, process optimization and operational excellence, enabling clients to identify best practices, streamline workflows and achieve sustainable cost savings.

Through detailed benchmarking studies and industry research, The Hackett Group delivers actionable insights into finance, procurement, human resources, information technology and supply chain management.