The Hackett Group’s (HCKT) “Outperform” Rating Reiterated at Barrington Research

The Hackett Group (NASDAQ:HCKT)‘s stock had its “outperform” rating reissued by analysts at Barrington Research in a research note issued to investors on Friday,Benzinga reports. They currently have a $36.00 price target on the business services provider’s stock. Barrington Research’s target price indicates a potential upside of 37.09% from the company’s previous close.

Separately, StockNews.com downgraded The Hackett Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $32.67.

The Hackett Group Trading Down 0.3 %

Shares of The Hackett Group stock opened at $26.26 on Friday. The Hackett Group has a 1-year low of $20.23 and a 1-year high of $34.02. The company’s fifty day simple moving average is $29.35 and its 200-day simple moving average is $29.27. 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 capitalization of $729.79 million, a PE ratio of 24.77, a P/E/G ratio of 1.53 and a beta of 0.98.

The Hackett Group (NASDAQ:HCKT) last released its earnings results 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 Hackett Group had a net margin of 9.44% and a return on equity of 36.40%. The company had revenue of $77.46 million for the quarter, compared to analysts’ expectations of $75.64 million. As a group, equities analysts anticipate that The Hackett Group will post 1.43 earnings per share for the current year.

Institutional Trading of The Hackett Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in HCKT. Quantinno Capital Management LP bought a new position in shares of The Hackett Group during the third quarter worth $276,000. Stifel Financial Corp boosted its holdings in shares of The Hackett Group by 18.0% during the 3rd quarter. Stifel Financial Corp now owns 22,989 shares of the business services provider’s stock valued at $604,000 after purchasing an additional 3,501 shares during the last quarter. State Street Corp grew its position in shares of The Hackett Group by 4.1% during the third quarter. State Street Corp now owns 641,783 shares of the business services provider’s stock valued at $16,927,000 after purchasing an additional 25,249 shares in the last quarter. Barclays PLC increased its holdings in shares of The Hackett Group by 202.1% in the third quarter. Barclays PLC now owns 56,350 shares of the business services provider’s stock worth $1,481,000 after purchasing an additional 37,695 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of The Hackett Group by 4.4% in the third quarter. Geode Capital Management LLC now owns 700,253 shares of the business services provider’s stock worth $18,399,000 after buying an additional 29,699 shares in the last quarter. 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.