The Hackett Group (NASDAQ:HCKT) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Shares of The Hackett Group, Inc. (NASDAQ:HCKT) 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 trading hands.

Analysts Set New Price Targets

A number of research firms recently commented on HCKT. Roth Mkm lifted their target price on The Hackett Group from $29.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Barrington Research restated 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, Craig Hallum upped their price objective on shares of The Hackett Group from $30.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, The Hackett Group has an average rating of “Moderate Buy” and an average price target of $30.00.

The Hackett Group Stock Performance

The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.18. The stock’s fifty day simple moving average is $29.39 and its 200 day simple moving average is $26.26. The company has a market cap of $849.31 million, a price-to-earnings ratio of 25.23, a P/E/G ratio of 1.73 and a beta of 1.00.

The Hackett Group Announces Dividend

The business also recently disclosed 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 Trading of The Hackett Group

Several large investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC raised its holdings in shares of The Hackett Group by 0.6% during the 2nd quarter. Renaissance Technologies LLC now owns 1,053,446 shares of the business services provider’s stock worth $22,881,000 after acquiring an additional 6,600 shares during the period. Geode Capital Management LLC boosted its holdings in The Hackett Group by 4.4% in the 3rd quarter. Geode Capital Management LLC now owns 700,253 shares of the business services provider’s stock valued at $18,399,000 after purchasing an additional 29,699 shares during the last quarter. State Street Corp grew its stake in shares of The Hackett Group by 4.1% in the 3rd quarter. State Street Corp now owns 641,783 shares of the business services provider’s stock valued at $16,927,000 after buying an additional 25,249 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of The Hackett Group by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 266,317 shares of the business services provider’s stock worth $6,996,000 after buying an additional 1,350 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its position in shares of The Hackett Group by 150.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 251,489 shares of the business services provider’s stock valued at $6,607,000 after buying an additional 150,962 shares during the period. 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.