The Hackett Group (NASDAQ:HCKT) Given New $30.00 Price Target at Roth Mkm

The Hackett Group (NASDAQ:HCKT - Free Report) had its price objective boosted by Roth Mkm from $29.00 to $30.00 in a report issued on Tuesday morning, Benzinga reports. Roth Mkm currently has a buy rating on the business services provider's stock.

A number of other research firms also recently commented on HCKT. Roth Capital downgraded shares of The Hackett Group from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 7th. Barrington Research reissued an "outperform" rating and set a $28.00 price target on shares of The Hackett Group in a report on Tuesday. Finally, Craig Hallum boosted their price target on shares of The Hackett Group from $30.00 to $32.00 and gave the company a "buy" rating in a report on Tuesday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $30.00.

The Hackett Group Stock Performance

The Hackett Group stock traded up $4.27 during mid-day trading on Tuesday, reaching $28.62. The company's stock had a trading volume of 338,472 shares, compared to its average volume of 101,922. The firm has a market cap of $791.26 million, a price-to-earnings ratio of 22.90, a PEG ratio of 1.35 and a beta of 0.91. The business has a 50 day moving average price of $25.68 and a 200-day moving average price of $24.00. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.26. The Hackett Group has a twelve month low of $20.23 and a twelve month high of $28.68.

The Hackett Group (NASDAQ:HCKT - Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The business services provider reported $0.31 EPS for the quarter, hitting analysts' consensus estimates of $0.31. The firm had revenue of $75.90 million during the quarter, compared to the consensus estimate of $74.16 million. The Hackett Group had a net margin of 11.46% and a return on equity of 38.20%. Sell-side analysts predict that The Hackett Group will post 1.28 EPS for the current fiscal year.

Hedge Funds Weigh In On The Hackett Group

Several hedge funds and other institutional investors have recently modified their holdings of HCKT. Victory Capital Management Inc. raised its stake in shares of The Hackett Group by 18.1% during the third quarter. Victory Capital Management Inc. now owns 16,414 shares of the business services provider's stock valued at $431,000 after purchasing an additional 2,512 shares in the last quarter. Aptus Capital Advisors LLC grew its position in The Hackett Group by 15.6% during the 3rd quarter. Aptus Capital Advisors LLC now owns 178,299 shares of the business services provider's stock worth $4,684,000 after purchasing an additional 24,106 shares in the last quarter. Harbor Capital Advisors Inc. grew its position in 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 worth $6,607,000 after purchasing an additional 150,962 shares in the last quarter. Farther Finance Advisors LLC grew its position in The Hackett Group by 6,302.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 16,518 shares of the business services provider's stock worth $434,000 after purchasing an additional 16,260 shares in the last quarter. Finally, Pinnacle Associates Ltd. boosted its stake in shares of The Hackett Group by 47.1% during the 3rd quarter. Pinnacle Associates Ltd. now owns 136,674 shares of the business services provider's stock valued at $3,590,000 after buying an additional 43,775 shares during the period. Institutional investors and hedge funds own 78.12% of the company's stock.

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.