Barrington Research Begins Coverage on The Hackett Group (NASDAQ:HCKT)

Barrington Research initiated coverage on shares of The Hackett Group (NASDAQ:HCKTGet Rating) in a report released on Wednesday, TipRanks reports. The brokerage set a “buy” rating and a $26.00 price target on the business services provider’s stock. Barrington Research’s price objective would indicate a potential upside of 16.02% from the stock’s current price.

A number of other analysts have also issued reports on HCKT. Zacks Investment Research lowered The Hackett Group from a “buy” rating to a “hold” rating in a research report on Tuesday, April 26th. StockNews.com began coverage on The Hackett Group in a research report on Thursday, March 31st. They issued a “strong-buy” rating on the stock. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $25.00.

Shares of HCKT stock traded down $1.37 during trading on Wednesday, hitting $22.41. 2,057 shares of the stock traded hands, compared to its average volume of 126,189. The company has a market capitalization of $708.04 million, a price-to-earnings ratio of 18.07, a P/E/G ratio of 1.34 and a beta of 0.60. The firm’s fifty day moving average price is $22.88. The Hackett Group has a 52-week low of $15.89 and a 52-week high of $24.78.

The Hackett Group (NASDAQ:HCKTGet Rating) last released its quarterly earnings results on Tuesday, February 22nd. The business services provider reported $0.26 EPS for the quarter, beating the consensus estimate of $0.23 by $0.03. The firm had revenue of $69.78 million for the quarter, compared to analyst estimates of $65.85 million. The Hackett Group had a net margin of 14.90% and a return on equity of 23.29%. During the same quarter in the previous year, the company earned $0.16 EPS. On average, research analysts expect that The Hackett Group will post 1.14 earnings per share for the current year.

Large investors have recently bought and sold shares of the business. CWM LLC acquired a new position in shares of The Hackett Group in the fourth quarter worth $31,000. New York State Teachers Retirement System acquired a new position in shares of The Hackett Group in the fourth quarter worth $43,000. Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of The Hackett Group by 49.4% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,063 shares of the business services provider’s stock worth $43,000 after acquiring an additional 682 shares in the last quarter. Denali Advisors LLC acquired a new position in shares of The Hackett Group in the fourth quarter worth $51,000. Finally, Altshuler Shaham Ltd acquired a new position in shares of The Hackett Group in the third quarter worth $70,000. Institutional investors and hedge funds own 74.11% of the company’s stock.

The Hackett Group Company Profile (Get Rating)

The Hackett Group, Inc operates as a strategic advisory and technology consulting firm primarily in North America and internationally. It offers best practice intelligence center, an online searchable repository; best practice accelerators that provide web-based access to best practices, customized software configuration tools, and best practice process flows; advisor inquiry for access to fact-based advice on proven approaches and methods; best practice research that provides insights into the proven approaches; and peer interaction comprising member-led webcasts, annual best practice conferences, annual member forums, membership performance surveys, and client-submitted content, as well as intellectual property as-a-service and Hackett Institute programs.

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