Barrington Research initiated coverage on shares of The Hackett Group (NASDAQ:HCKT – Get 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.
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.
- Get a free copy of the StockNews.com research report on The Hackett Group (HCKT)
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