The Hackett Group (NASDAQ:HCKT - Get Free Report)'s stock had its "outperform" rating reiterated by stock analysts at Barrington Research in a report released on Tuesday, Benzinga reports. They currently have a $28.00 price objective on the business services provider's stock. Barrington Research's price objective points to a potential downside of 2.17% from the stock's previous close.
Other analysts also recently issued reports about the stock. Craig Hallum boosted their target price on shares of The Hackett Group from $30.00 to $32.00 and gave the company a "buy" rating in a research note on Tuesday. Roth Capital downgraded The Hackett Group from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 7th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $30.00.
Check Out Our Latest Research Report on The Hackett Group
The Hackett Group Price Performance
The Hackett Group stock traded up $4.27 during midday trading on Tuesday, hitting $28.62. The company's stock had a trading volume of 338,472 shares, compared to its average volume of 101,922. The Hackett Group has a 12 month low of $20.23 and a 12 month high of $28.68. The company has a market capitalization of $791.26 million, a PE ratio of 22.42, a price-to-earnings-growth ratio of 1.35 and a beta of 0.91. The stock's 50-day moving average price is $25.62 and its 200-day moving average price is $23.96. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.26.
The Hackett Group (NASDAQ:HCKT - Get Free Report) last issued its earnings results on Tuesday, August 6th. The business services provider reported $0.31 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.31. The business had revenue of $75.90 million for the quarter, compared to analysts' expectations of $74.16 million. The Hackett Group had a return on equity of 38.20% and a net margin of 11.46%. Analysts anticipate that The Hackett Group will post 1.28 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of HCKT. Aptus Capital Advisors LLC lifted its holdings in shares of The Hackett Group by 15.6% during the third quarter. Aptus Capital Advisors LLC now owns 178,299 shares of the business services provider's stock worth $4,684,000 after buying an additional 24,106 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in The Hackett Group by 150.2% during the third quarter. Harbor Capital Advisors Inc. now owns 251,489 shares of the business services provider's stock worth $6,607,000 after acquiring an additional 150,962 shares during the period. Farther Finance Advisors LLC raised its stake 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 valued at $434,000 after purchasing an additional 16,260 shares during the last quarter. Pinnacle Associates Ltd. boosted its holdings in The Hackett Group by 47.1% in the 3rd quarter. Pinnacle Associates Ltd. now owns 136,674 shares of the business services provider's stock valued at $3,590,000 after purchasing an additional 43,775 shares during the period. Finally, Financial Management Professionals Inc. bought a new position in shares of The Hackett Group during the 3rd quarter worth about $54,000. Institutional investors and hedge funds own 78.12% of the company's stock.
The Hackett Group Company Profile
(
Get Free Report)
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.
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