The Hackett Group (NASDAQ:HCKT) Earns “Outperform” Rating from Barrington Research

The Hackett Group (NASDAQ:HCKT)‘s stock had its “outperform” rating reissued by research analysts at Barrington Research in a research report issued on Tuesday, Benzinga reports. They presently have a $28.00 price target on the business services provider’s stock. Barrington Research’s target price indicates a potential downside of 8.91% from the stock’s previous close.

Several other brokerages have also recently issued reports on HCKT. Craig Hallum increased their target price on shares of The Hackett Group from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday. Roth Capital downgraded shares of The Hackett Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, The Hackett Group has a consensus rating of “Moderate Buy” and an average price target of $30.00.

The Hackett Group Stock Up 7.4 %

Shares of NASDAQ HCKT opened at $30.74 on Tuesday. The Hackett Group has a 52-week low of $20.23 and a 52-week high of $30.75. The firm has a market capitalization of $849.87 million, a price-to-earnings ratio of 24.59, a PEG ratio of 1.35 and a beta of 0.91. The stock has a 50 day moving average price of $25.76 and a 200 day moving average price of $24.05. 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 Hackett Group (NASDAQ:HCKT) last issued its earnings results on Tuesday, August 6th. The business services provider reported $0.31 earnings per share for the quarter, hitting the consensus estimate of $0.31. The business had revenue of $75.90 million during 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%. Sell-side analysts expect that The Hackett Group will post 1.28 earnings per share for the current year.

Institutional Investors Weigh In On The Hackett Group

A number of hedge funds and other institutional investors have recently bought and sold shares of HCKT. BNP Paribas Financial Markets increased its position in shares of The Hackett Group by 84.9% during the first quarter. BNP Paribas Financial Markets now owns 37,593 shares of the business services provider’s stock worth $914,000 after purchasing an additional 17,263 shares in the last quarter. Sei Investments Co. raised its stake in The Hackett Group by 2.6% in the first quarter. Sei Investments Co. now owns 55,142 shares of the business services provider’s stock valued at $1,340,000 after buying an additional 1,411 shares during the last quarter. Russell Investments Group Ltd. raised its stake in The Hackett Group by 4.1% in the first quarter. Russell Investments Group Ltd. now owns 138,190 shares of the business services provider’s stock valued at $3,358,000 after buying an additional 5,433 shares during the last quarter. Isthmus Partners LLC boosted its holdings in The Hackett Group by 38.6% in the first quarter. Isthmus Partners LLC now owns 162,432 shares of the business services provider’s stock worth $3,947,000 after acquiring an additional 45,201 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System grew its stake in shares of The Hackett Group by 20.6% during the first quarter. State Board of Administration of Florida Retirement System now owns 101,266 shares of the business services provider’s stock worth $2,461,000 after acquiring an additional 17,278 shares during the last quarter. Hedge funds and other institutional investors 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.