The Hackett Group (NASDAQ:HCKT) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

The Hackett Group, Inc. (NASDAQ:HCKT)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $26.26 and traded as high as $30.79. The Hackett Group shares last traded at $30.78, with a volume of 39,268 shares.

Wall Street Analysts Forecast Growth

HCKT has been the topic of several recent research reports. Craig Hallum increased their target price on shares of The Hackett Group from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Barrington Research reiterated an “outperform” rating and set a $28.00 price objective on shares of The Hackett Group in a research note on Tuesday, November 5th. Finally, Roth Mkm boosted their price objective on shares of The Hackett Group from $29.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, The Hackett Group has an average rating of “Moderate Buy” and an average target price of $30.00.

The Hackett Group Trading Up 1.2 %

The firm has a market capitalization of $849.31 million, a PE ratio of 25.23, a price-to-earnings-growth ratio of 1.73 and a beta of 1.00. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.18. The company’s 50-day simple moving average is $29.39 and its 200 day simple moving average is $26.26.

The Hackett Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 20th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.44 dividend on an annualized basis and a yield of 1.43%. The Hackett Group’s payout ratio is 36.07%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Financial Management Professionals Inc. purchased a new stake in The Hackett Group in the third quarter valued at about $54,000. Quantbot Technologies LP raised its position in shares of The Hackett Group by 383.4% in the 3rd quarter. Quantbot Technologies LP now owns 2,741 shares of the business services provider’s stock valued at $72,000 after purchasing an additional 2,174 shares during the last quarter. CWM LLC boosted its stake in The Hackett Group by 8.4% in the 3rd quarter. CWM LLC now owns 5,061 shares of the business services provider’s stock worth $133,000 after purchasing an additional 394 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in The Hackett Group by 18.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,419 shares of the business services provider’s stock worth $183,000 after purchasing an additional 1,283 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in The Hackett Group by 9.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,262 shares of the business services provider’s stock worth $223,000 after purchasing an additional 851 shares during the last quarter. 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.