The Hackett Group (NASDAQ:HCKT) Rating Lowered to “Buy” at StockNews.com

The Hackett Group (NASDAQ:HCKT) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

Separately, Barrington Research upped their price target on The Hackett Group from $28.00 to $36.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, The Hackett Group has an average rating of “Moderate Buy” and a consensus price target of $32.67.

The Hackett Group Stock Down 0.3 %

The Hackett Group stock opened at $26.26 on Thursday. The Hackett Group has a 52 week low of $20.23 and a 52 week high of $34.02. The stock has a market cap of $729.79 million, a price-to-earnings ratio of 24.77, a PEG ratio of 1.53 and a beta of 0.98. The company’s 50-day moving average price is $29.35 and its two-hundred day moving average price is $29.27. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.18.

The Hackett Group (NASDAQ:HCKT) last posted its quarterly earnings data on Tuesday, February 18th. The business services provider reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.06). The business had revenue of $77.46 million for the quarter, compared to the consensus estimate of $75.64 million. The Hackett Group had a net margin of 9.44% and a return on equity of 36.40%. On average, analysts expect that The Hackett Group will post 1.43 EPS for the current fiscal year.

Hedge Funds Weigh In On The Hackett Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Versant Capital Management Inc increased its stake in The Hackett Group by 353.1% in the fourth quarter. Versant Capital Management Inc now owns 947 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 738 shares during the period. Quantbot Technologies LP boosted its holdings in The Hackett Group by 52.5% during the fourth quarter. Quantbot Technologies LP now owns 4,180 shares of the business services provider’s stock valued at $128,000 after purchasing an additional 1,439 shares in the last quarter. Longboard Asset Management LP bought a new stake in shares of The Hackett Group in the 4th quarter valued at approximately $207,000. ProShare Advisors LLC acquired a new position in shares of The Hackett Group in the 4th quarter worth approximately $219,000. Finally, Arizona State Retirement System bought a new position in shares of The Hackett Group during the 4th quarter worth approximately $221,000. Institutional investors own 78.12% of the company’s stock.

The Hackett Group Company Profile

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.