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

Wall Street Zen cut shares of The Hackett Group (NASDAQ:HCKT) from a buy rating to a hold rating in a report released on Saturday.

Several other brokerages also recently weighed in on HCKT. Weiss Ratings downgraded shares of The Hackett Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, April 8th. Zacks Research upgraded shares of The Hackett Group from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Barrington Research dropped their price target on shares of The Hackett Group from $17.00 to $16.00 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, Roth Mkm set a $17.00 price target on shares of The Hackett Group in a research report on Wednesday. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, The Hackett Group currently has a consensus rating of “Hold” and a consensus price target of $16.50.

The Hackett Group Trading Down 5.9%

Shares of NASDAQ:HCKT opened at $10.74 on Friday. The company has a market cap of $270.54 million, a PE ratio of 20.26, a P/E/G ratio of 0.78 and a beta of 0.96. The company’s 50-day moving average price is $13.32 and its 200 day moving average price is $16.63. The Hackett Group has a fifty-two week low of $9.48 and a fifty-two week high of $26.29. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 1.11.

The Hackett Group (NASDAQ:HCKT) last issued its quarterly earnings data on Tuesday, May 5th. The business services provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.01). The firm had revenue of $68.80 million during the quarter, compared to the consensus estimate of $71.23 million. The Hackett Group had a net margin of 4.75% and a return on equity of 24.59%. The Hackett Group has set its Q2 2026 guidance at 0.330-0.350 EPS. Sell-side analysts anticipate that The Hackett Group will post 1.38 earnings per share for the current year.

The Hackett Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Monday, June 22nd will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Monday, June 22nd. The Hackett Group’s payout ratio is 90.57%.

Institutional Trading of The Hackett Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. raised its position in shares of The Hackett Group by 138.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,554 shares of the business services provider’s stock worth $46,000 after buying an additional 2,062 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of The Hackett Group by 4.5% in the 1st quarter. Bank of New York Mellon Corp now owns 89,129 shares of the business services provider’s stock worth $1,160,000 after purchasing an additional 3,866 shares in the last quarter. Hillsdale Investment Management Inc. bought a new stake in shares of The Hackett Group in the 1st quarter worth approximately $287,000. Isthmus Partners LLC raised its holdings in shares of The Hackett Group by 6.2% in the 1st quarter. Isthmus Partners LLC now owns 174,618 shares of the business services provider’s stock worth $2,272,000 after purchasing an additional 10,220 shares in the last quarter. Finally, Values First Advisors Inc. raised its holdings in shares of The Hackett Group by 2.8% in the 1st quarter. Values First Advisors Inc. now owns 63,350 shares of the business services provider’s stock worth $824,000 after purchasing an additional 1,734 shares in the last quarter. 78.12% of the stock is currently owned by institutional investors.

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.