The Hackett Group (NASDAQ:HCKT) Stock Rating Lowered by StockNews.com

The Hackett Group (NASDAQ:HCKT - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a report released on Thursday.

Separately, Barrington Research reiterated an "outperform" rating and issued a $36.00 price target on shares of The Hackett Group in a report on Friday, April 11th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, The Hackett Group presently has a consensus rating of "Moderate Buy" and an average price target of $32.67.

The Hackett Group Stock Performance

Shares of NASDAQ HCKT opened at $25.52 on Thursday. The firm has a fifty day moving average price of $28.39 and a 200-day moving average price of $29.24. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.51 and a quick ratio of 1.51. The stock has a market cap of $705.55 million, a PE ratio of 24.08, a price-to-earnings-growth ratio of 1.53 and a beta of 0.98. The Hackett Group has a 1 year low of $20.23 and a 1 year high of $34.02.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of The Hackett Group by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 2,186,611 shares of the business services provider's stock worth $67,173,000 after acquiring an additional 16,682 shares during the last quarter. Geode Capital Management LLC raised its position in The Hackett Group by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 716,072 shares of the business services provider's stock worth $22,002,000 after purchasing an additional 15,819 shares during the period. Boston Partners lifted its stake in The Hackett Group by 2.9% in the fourth quarter. Boston Partners now owns 525,435 shares of the business services provider's stock worth $16,086,000 after purchasing an additional 14,676 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of The Hackett Group by 5.2% during the fourth quarter. Wellington Management Group LLP now owns 393,291 shares of the business services provider's stock valued at $12,082,000 after buying an additional 19,300 shares during the period. Finally, Wells Fargo & Company MN grew its stake in shares of The Hackett Group by 1.7% during the fourth quarter. Wells Fargo & Company MN now owns 322,655 shares of the business services provider's stock valued at $9,912,000 after buying an additional 5,459 shares during the last quarter. 78.12% of the stock is 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.

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