The Hackett Group (NASDAQ:HCKT) Receives Outperform Rating from Barrington Research

Barrington Research reiterated their outperform rating on shares of The Hackett Group (NASDAQ:HCKT) in a report published on Thursday,Benzinga reports. Barrington Research currently has a $27.00 target price on the business services provider’s stock.

Separately, Weiss Ratings upgraded shares of The Hackett Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, January 12th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $27.00.

The Hackett Group Trading Down 2.7%

HCKT stock opened at $16.03 on Thursday. The Hackett Group has a 12-month low of $15.93 and a 12-month high of $34.02. The business’s 50-day moving average is $19.51 and its 200 day moving average is $19.80. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.43. The stock has a market cap of $434.89 million, a price-to-earnings ratio of 42.19, a PEG ratio of 1.04 and a beta of 1.03.

The Hackett Group (NASDAQ:HCKT) last released its earnings results on Tuesday, November 4th. The business services provider reported $0.37 earnings per share for the quarter, meeting the consensus estimate of $0.37. The Hackett Group had a return on equity of 23.20% and a net margin of 3.53%.The business had revenue of $73.10 million for the quarter, compared to the consensus estimate of $74.82 million. On average, sell-side analysts anticipate that The Hackett Group will post 1.43 EPS for the current fiscal year.

Hedge Funds Weigh In On The Hackett Group

A number of institutional investors have recently bought and sold shares of HCKT. Quaker Wealth Management LLC grew its stake in shares of The Hackett Group by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 1,143 shares of the business services provider’s stock valued at $29,000 after buying an additional 2,286 shares during the period. Huntington National Bank grew its position in The Hackett Group by 147.7% in the third quarter. Huntington National Bank now owns 1,635 shares of the business services provider’s stock worth $31,000 after acquiring an additional 975 shares during the period. MAI Capital Management increased its stake in The Hackett Group by 98.4% during the third quarter. MAI Capital Management now owns 1,730 shares of the business services provider’s stock worth $33,000 after acquiring an additional 858 shares during the last quarter. Danske Bank A S purchased a new stake in The Hackett Group in the fourth quarter valued at $49,000. Finally, Copeland Capital Management LLC lifted its stake in shares of The Hackett Group by 28.3% in the 3rd quarter. Copeland Capital Management LLC now owns 3,299 shares of the business services provider’s stock valued at $63,000 after purchasing an additional 727 shares during the last quarter. 78.12% of the stock is owned by hedge funds and other institutional investors.

About The Hackett Group

The Hackett Group is a global strategic advisory firm specializing in business transformation, benchmarking and research. Leveraging a proprietary data repository and the Hackett Methodology®, the company helps organizations optimize performance across enterprise functions. Its advisory services span digital transformation, process optimization and operational excellence, enabling clients to identify best practices, streamline workflows and achieve sustainable cost savings.

Through detailed benchmarking studies and industry research, The Hackett Group delivers actionable insights into finance, procurement, human resources, information technology and supply chain management.