The Hackett Group (NASDAQ:HCKT - Get Free Report) was upgraded by equities researchers at StockNews.com from a "buy" rating to a "strong-buy" rating in a report issued on Wednesday.
HCKT has been the subject of several other research reports. Roth Mkm upped their price target on shares of The Hackett Group from $29.00 to $30.00 and gave the company a "buy" rating in a research report on Tuesday, November 5th. Barrington Research reiterated an "outperform" rating and issued a $28.00 price target on shares of The Hackett Group in a research report on Tuesday, November 5th. Finally, Craig Hallum upped their price target on shares of The Hackett Group from $30.00 to $32.00 and gave the company a "buy" rating in a research report on Tuesday, November 5th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, The Hackett Group currently has an average rating of "Buy" and an average target price of $32.67.
Check Out Our Latest Analysis on The Hackett Group
The Hackett Group Stock Down 1.7 %
Shares of The Hackett Group stock traded down $0.51 during trading hours on Wednesday, hitting $30.18. The company had a trading volume of 201,893 shares, compared to its average volume of 97,002. The company's 50-day moving average is $30.84 and its two-hundred day moving average is $28.53. The Hackett Group has a twelve month low of $20.23 and a twelve month high of $34.02. 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 company has a market cap of $832.67 million, a P/E ratio of 28.47, a price-to-earnings-growth ratio of 1.54 and a beta of 0.99.
The Hackett Group (NASDAQ:HCKT - Get Free Report) last released its quarterly earnings results 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 Hackett Group had a net margin of 9.44% and a return on equity of 36.40%. The business had revenue of $77.46 million during the quarter, compared to analysts' expectations of $75.64 million. Analysts anticipate that The Hackett Group will post 1.43 earnings per share for the current fiscal year.
Hedge Funds Weigh In On The Hackett Group
Large investors have recently bought and sold shares of the company. Harbor Capital Advisors Inc. increased its holdings in shares of The Hackett Group by 150.2% in 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 purchasing an additional 150,962 shares in the last quarter. Hotchkis & Wiley Capital Management LLC purchased a new position in shares of The Hackett Group in the 3rd quarter valued at about $3,256,000. Dean Investment Associates LLC increased its holdings in shares of The Hackett Group by 57.2% in the 3rd quarter. Dean Investment Associates LLC now owns 165,647 shares of the business services provider's stock valued at $4,352,000 after purchasing an additional 60,307 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of The Hackett Group by 56.2% in the 4th quarter. JPMorgan Chase & Co. now owns 154,492 shares of the business services provider's stock valued at $4,746,000 after purchasing an additional 55,608 shares in the last quarter. Finally, Pinnacle Associates Ltd. increased its holdings in shares of 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 in the last quarter. Hedge funds and other institutional investors 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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