The Hackett Group (NASDAQ:HCKT) Given "Outperform" Rating at Barrington Research

The Hackett Group (NASDAQ:HCKT - Get Free Report)'s stock had its "outperform" rating reissued by investment analysts at Barrington Research in a research note issued to investors on Friday,Benzinga reports. They currently have a $36.00 price objective on the business services provider's stock. Barrington Research's price objective points to a potential upside of 37.14% from the stock's current price.

Separately, StockNews.com downgraded shares of The Hackett Group from a "strong-buy" rating to a "buy" rating in a report on Thursday, April 10th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $32.67.

The Hackett Group Price Performance

Shares of HCKT stock traded down $0.11 on Friday, reaching $26.25. The company had a trading volume of 94,835 shares, compared to its average volume of 110,868. The business's 50-day moving average is $29.24 and its 200 day moving average is $29.29. The Hackett Group has a one year low of $20.23 and a one year high of $34.02. 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 stock has a market capitalization of $729.51 million, a PE ratio of 24.76, a price-to-earnings-growth ratio of 1.53 and a beta of 0.98.

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The Hackett Group (NASDAQ:HCKT - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The business services provider reported $0.35 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.06). The company had revenue of $77.46 million during the quarter, compared to the consensus estimate of $75.64 million. The Hackett Group had a net margin of 9.44% and a return on equity of 36.40%. Equities research analysts forecast that The Hackett Group will post 1.43 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. raised its holdings in shares of The Hackett Group by 0.8% in the 1st quarter. Harbor Capital Advisors Inc. now owns 257,170 shares of the business services provider's stock worth $7,515,000 after purchasing an additional 1,987 shares during the period. Wesbanco Bank Inc. raised its stake in shares of The Hackett Group by 51.7% in the first quarter. Wesbanco Bank Inc. now owns 64,700 shares of the business services provider's stock valued at $1,891,000 after buying an additional 22,044 shares during the period. Hennion & Walsh Asset Management Inc. lifted its position in shares of The Hackett Group by 15.3% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 9,684 shares of the business services provider's stock valued at $283,000 after buying an additional 1,285 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of The Hackett Group by 2,890.4% during the 1st quarter. GAMMA Investing LLC now owns 11,483 shares of the business services provider's stock worth $3,360,000 after acquiring an additional 11,099 shares during the period. Finally, Versant Capital Management Inc increased its holdings in The Hackett Group by 48.9% in the 1st quarter. Versant Capital Management Inc now owns 1,410 shares of the business services provider's stock worth $41,000 after acquiring an additional 463 shares during the last quarter. 78.12% of the stock is currently owned by hedge funds and other institutional investors.

About The Hackett Group

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.