The Hackett Group (NASDAQ:HCKT) Downgraded to Strong Sell Rating by Zacks Research

Zacks Research cut shares of The Hackett Group (NASDAQ:HCKT) from a hold rating to a strong sell rating in a research note published on Tuesday,Zacks.com reports.

A number of other research firms also recently weighed in on HCKT. Wall Street Zen downgraded The Hackett Group from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings downgraded The Hackett Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, April 8th. Roth Mkm set a $17.00 target price on The Hackett Group in a research report on Wednesday, May 6th. Finally, Barrington Research decreased their target price on The Hackett Group from $17.00 to $16.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 6th. One analyst has rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, The Hackett Group has a consensus rating of “Reduce” and a consensus target price of $16.50.

The Hackett Group Trading Up 4.3%

Shares of The Hackett Group stock opened at $10.04 on Tuesday. The company’s fifty day simple moving average is $12.57 and its 200-day simple moving average is $16.08. The company has a market cap of $252.91 million, a price-to-earnings ratio of 18.94, a PEG ratio of 0.78 and a beta of 0.96. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 1.19. The Hackett Group has a 1 year low of $9.15 and a 1 year high of $26.09.

The Hackett Group (NASDAQ:HCKT) last announced its quarterly earnings data on Tuesday, May 5th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.01). The company had revenue of $68.80 million during the quarter, compared to analyst estimates of $71.23 million. The Hackett Group had a return on equity of 26.70% and a net margin of 4.75%.The Hackett Group has set its Q2 2026 guidance at 0.330-0.350 EPS. As a group, sell-side analysts expect that The Hackett Group will post 1.23 EPS for the current year.

The Hackett Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Monday, June 22nd will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, June 22nd. This represents a $0.48 dividend on an annualized basis and a yield of 4.8%. The Hackett Group’s dividend payout ratio (DPR) is 90.57%.

Institutional Investors Weigh In On The Hackett Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Quantinno Capital Management LP boosted its holdings in The Hackett Group by 554.1% during the first quarter. Quantinno Capital Management LP now owns 199,993 shares of the business services provider’s stock valued at $2,602,000 after purchasing an additional 169,420 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in The Hackett Group during the first quarter valued at approximately $1,624,000. Punch & Associates Investment Management Inc. boosted its holdings in The Hackett Group by 4.4% during the first quarter. Punch & Associates Investment Management Inc. now owns 445,800 shares of the business services provider’s stock valued at $5,800,000 after purchasing an additional 18,747 shares in the last quarter. Aristides Capital LLC boosted its holdings in The Hackett Group by 14.5% during the first quarter. Aristides Capital LLC now owns 197,285 shares of the business services provider’s stock valued at $2,567,000 after purchasing an additional 24,912 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in The Hackett Group during the first quarter valued at approximately $158,000. 78.12% of the stock is owned by institutional investors and hedge funds.

About The Hackett Group

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.