The Hackett Group (NASDAQ:HCKT) Price Target Raised to $32.00

The Hackett Group (NASDAQ:HCKT) had its price target lifted by equities research analysts at Craig Hallum from $30.00 to $32.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the business services provider’s stock. Craig Hallum’s price objective would indicate a potential upside of 18.87% from the company’s current price.

Other equities analysts also recently issued reports about the company. Roth Capital downgraded The Hackett Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 7th. Barrington Research reiterated an “outperform” rating and issued a $28.00 price target on shares of The Hackett Group in a research note on Wednesday, October 30th.

The Hackett Group Stock Up 10.6 %

Shares of NASDAQ HCKT traded up $2.57 during midday trading on Tuesday, reaching $26.92. 25,160 shares of the company’s stock were exchanged, compared to its average volume of 100,458. The Hackett Group has a 52-week low of $20.23 and a 52-week high of $27.68. The stock has a market capitalization of $744.26 million, a PE ratio of 19.48, a price-to-earnings-growth ratio of 1.35 and a beta of 0.91. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.71 and a current ratio of 1.71. The business’s fifty day moving average price is $25.62 and its two-hundred day moving average price is $23.96.

The Hackett Group (NASDAQ:HCKT) last announced 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 Hackett Group had a return on equity of 38.20% and a net margin of 11.46%. The business had revenue of $75.90 million for the quarter, compared to analyst estimates of $74.16 million. Analysts forecast that The Hackett Group will post 1.28 EPS for the current year.

Hedge Funds Weigh In On The Hackett Group

Hedge funds have recently bought and sold shares of the company. Isthmus Partners LLC boosted its stake in The Hackett Group by 1.1% in the second quarter. Isthmus Partners LLC now owns 164,195 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 1,763 shares during the period. Financial Management Professionals Inc. acquired a new stake in shares of The Hackett Group during the 3rd quarter worth approximately $54,000. CWM LLC raised its position in shares of The Hackett Group by 78.4% during the 2nd quarter. CWM LLC now owns 4,667 shares of the business services provider’s stock worth $101,000 after purchasing an additional 2,051 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of The Hackett Group by 18.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,419 shares of the business services provider’s stock worth $183,000 after purchasing an additional 1,283 shares during the period. Finally, The Manufacturers Life Insurance Company raised its position in shares of The Hackett Group by 9.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,262 shares of the business services provider’s stock worth $223,000 after purchasing an additional 851 shares during the period. 78.12% of the stock is currently owned by institutional investors and hedge funds.

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.