The Hackett Group (NASDAQ:HCKT) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

The Hackett Group, Inc. (NASDAQ:HCKT)’s stock price passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $11.13 and traded as high as $12.67. The Hackett Group shares last traded at $12.64, with a volume of 329,494 shares traded.

Analysts Set New Price Targets

HCKT has been the topic of a number of research reports. Zacks Research upgraded shares of The Hackett Group from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of The Hackett Group in a report on Friday, October 2nd. Finally, Wall Street Zen upgraded shares of The Hackett Group from a “hold” rating to a “buy” rating in a report on Saturday, September 5th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $16.50.

The Hackett Group Stock Performance

The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 1.19. The business’s fifty day moving average is $10.99 and its two-hundred day moving average is $11.14. The stock has a market capitalization of $305.53 million, a PE ratio of 18.89, a price-to-earnings-growth ratio of 1.08 and a beta of 0.96.

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

The Hackett Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 18th were given a $0.12 dividend. The ex-dividend date of this dividend was Friday, September 18th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.9%. The Hackett Group’s payout ratio is presently 73.85%.

Hedge Funds Weigh In On The Hackett Group

Hedge funds have recently modified their holdings of the stock. Copeland Capital Management LLC increased its holdings in The Hackett Group by 49.6% in the 3rd quarter. Copeland Capital Management LLC now owns 8,458 shares of the business services provider’s stock worth $85,000 after acquiring an additional 2,805 shares in the last quarter. Williams & Novak Wealth Management LLC lifted its holdings in The Hackett Group by 44.1% in the 3rd quarter. Williams & Novak Wealth Management LLC now owns 25,226 shares of the business services provider’s stock valued at $254,000 after purchasing an additional 7,721 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of The Hackett Group by 58.8% during the third quarter. Versant Capital Management Inc now owns 3,874 shares of the business services provider’s stock worth $39,000 after buying an additional 1,435 shares in the last quarter. Susquehanna International Group LLP lifted its stake in shares of The Hackett Group by 98.2% in the second quarter. Susquehanna International Group LLP now owns 20,811 shares of the business services provider’s stock worth $224,000 after buying an additional 10,309 shares in the last quarter. Finally, Hsbc Holdings PLC purchased a new stake in shares of The Hackett Group in the second quarter valued at approximately $145,000. Institutional investors and hedge funds own 78.12% of the company’s stock.

About The Hackett Group

The Hackett Group, Inc is a global business and technology consulting firm that helps organizations improve performance, transform operations and adopt digital technologies. Its services are informed by proprietary research, benchmarking data and best-practice insights across major corporate functions.

The company advises clients on finance, human resources, procurement, information technology, supply chain management and other enterprise operations. Its offerings include benchmarking and performance studies, business transformation programs, enterprise performance management, technology consulting and implementation services.