The Hackett Group (NASDAQ:HCKT) Upgraded by Wall Street Zen to “Buy” Rating

The Hackett Group (NASDAQ:HCKT) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Separately, Barrington Research cut their price target on The Hackett Group from $36.00 to $32.00 and set an “outperform” rating for the company in a research note on Wednesday, May 7th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $31.33.

The Hackett Group Stock Performance

Shares of HCKT stock opened at $23.50 on Friday. The stock has a market cap of $650.01 million, a PE ratio of 27.65, a price-to-earnings-growth ratio of 1.39 and a beta of 0.95. The business has a 50-day simple moving average of $25.12 and a 200-day simple moving average of $28.35. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.16. The Hackett Group has a 52-week low of $21.12 and a 52-week high of $34.02.

Hedge Funds Weigh In On The Hackett Group

Several institutional investors and hedge funds have recently modified their holdings of HCKT. Versant Capital Management Inc increased its stake in shares of The Hackett Group by 48.9% in the 1st quarter. Versant Capital Management Inc now owns 1,410 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 463 shares in the last quarter. Quantbot Technologies LP increased its stake in The Hackett Group by 52.5% during the 4th quarter. Quantbot Technologies LP now owns 4,180 shares of the business services provider’s stock worth $128,000 after buying an additional 1,439 shares in the last quarter. AlphaQuest LLC increased its stake in The Hackett Group by 60.5% during the 1st quarter. AlphaQuest LLC now owns 4,804 shares of the business services provider’s stock worth $140,000 after buying an additional 1,810 shares in the last quarter. ProShare Advisors LLC purchased a new stake in The Hackett Group during the 4th quarter worth approximately $219,000. Finally, Arizona State Retirement System purchased a new stake in The Hackett Group during the 4th quarter worth approximately $221,000. 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.