The Hackett Group (NASDAQ:HCKT) Earns Hold (C-) Rating from Weiss Ratings

The Hackett Group (NASDAQ:HCKT)‘s stock had its “hold (c-)” rating restated by equities research analysts at Weiss Ratings in a note issued to investors on Saturday,Weiss Ratings reports.

Several other research analysts have also recently commented on the company. Wall Street Zen cut The Hackett Group from a “buy” rating to a “hold” rating in a research report on Monday, July 21st. Barrington Research reissued an “outperform” rating and set a $27.00 price target on shares of The Hackett Group in a research report on Thursday, September 4th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $29.67.

The Hackett Group Stock Up 1.1%

HCKT stock opened at $18.93 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.71 and a quick ratio of 1.71. The stock has a market capitalization of $520.76 million, a P/E ratio of 31.55, a P/E/G ratio of 1.30 and a beta of 0.97. The business has a 50-day moving average of $19.87 and a 200-day moving average of $22.88. The Hackett Group has a fifty-two week low of $18.38 and a fifty-two week high of $34.02.

Institutional Trading of The Hackett Group

Hedge funds have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC lifted its position in shares of The Hackett Group by 23.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 41,234 shares of the business services provider’s stock valued at $1,204,000 after buying an additional 7,885 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of The Hackett Group by 0.7% in the first quarter. Envestnet Asset Management Inc. now owns 234,470 shares of the business services provider’s stock valued at $6,851,000 after buying an additional 1,626 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of The Hackett Group by 128.7% in the first quarter. Victory Capital Management Inc. now owns 28,487 shares of the business services provider’s stock valued at $832,000 after buying an additional 16,030 shares during the last quarter. Allianz Asset Management GmbH increased its stake in shares of The Hackett Group by 30.6% during the second quarter. Allianz Asset Management GmbH now owns 76,000 shares of the business services provider’s stock worth $1,932,000 after purchasing an additional 17,800 shares during the period. Finally, Haven Private LLC increased its stake in shares of The Hackett Group by 30.8% during the first quarter. Haven Private LLC now owns 30,462 shares of the business services provider’s stock worth $890,000 after purchasing an additional 7,174 shares during the period. 78.12% of the stock is owned by institutional investors and hedge funds.

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.