Barrington Research Reiterates Outperform Rating for The Hackett Group (NASDAQ:HCKT)

The Hackett Group (NASDAQ:HCKT)‘s stock had its “outperform” rating reissued by equities research analysts at Barrington Research in a research note issued on Thursday,Benzinga reports. They currently have a $17.00 price objective on the business services provider’s stock. Barrington Research’s price objective suggests a potential upside of 30.97% from the stock’s current price.

HCKT has been the subject of a number of other research reports. Wall Street Zen upgraded The Hackett Group from a “hold” rating to a “buy” rating in a research report on Saturday, March 21st. Roth Mkm set a $24.00 price target on The Hackett Group in a research report on Wednesday, February 18th. Weiss Ratings lowered The Hackett Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, April 8th. Finally, Zacks Research upgraded The Hackett Group from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, The Hackett Group presently has a consensus rating of “Hold” and a consensus target price of $20.50.

The Hackett Group Trading Up 2.9%

Shares of HCKT stock opened at $12.98 on Thursday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.72 and a current ratio of 1.72. The Hackett Group has a 1 year low of $12.19 and a 1 year high of $26.76. The stock has a fifty day moving average of $13.52 and a two-hundred day moving average of $16.98. The firm has a market capitalization of $327.36 million, a PE ratio of 27.62, a price-to-earnings-growth ratio of 0.83 and a beta of 1.04.

Institutional Trading of The Hackett Group

Institutional investors have recently modified their holdings of the company. Royce & Associates LP lifted its holdings in shares of The Hackett Group by 44.1% in the third quarter. Royce & Associates LP now owns 2,581,331 shares of the business services provider’s stock valued at $49,071,000 after buying an additional 790,522 shares during the period. Rhumbline Advisers lifted its holdings in shares of The Hackett Group by 271.2% in the third quarter. Rhumbline Advisers now owns 146,663 shares of the business services provider’s stock valued at $2,788,000 after buying an additional 107,157 shares during the period. SG Americas Securities LLC acquired a new stake in shares of The Hackett Group in the third quarter valued at $916,000. Trigran Investments Inc. lifted its holdings in shares of The Hackett Group by 17.9% in the third quarter. Trigran Investments Inc. now owns 796,403 shares of the business services provider’s stock valued at $15,140,000 after buying an additional 121,103 shares during the period. Finally, Aptus Capital Advisors LLC lifted its holdings in shares of The Hackett Group by 15.2% in the third quarter. Aptus Capital Advisors LLC now owns 311,169 shares of the business services provider’s stock valued at $5,915,000 after buying an additional 41,092 shares during the period. Institutional investors and hedge funds own 78.12% of the company’s stock.

The Hackett Group Company Profile

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.