The Hackett Group (NASDAQ:HCKT) Given “Outperform” Rating at Barrington Research

The Hackett Group (NASDAQ:HCKT)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Barrington Research in a report released on Tuesday, Benzinga reports. They presently have a $28.00 price objective on the business services provider’s stock. Barrington Research’s price target indicates a potential downside of 8.91% from the stock’s previous close.

A number of other analysts have also weighed in on HCKT. Roth Capital lowered shares of The Hackett Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 7th. Craig Hallum lifted their price objective on The Hackett Group from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, The Hackett Group has a consensus rating of “Moderate Buy” and an average price target of $30.00.

The Hackett Group Stock Up 7.4 %

The Hackett Group stock opened at $30.74 on Tuesday. The Hackett Group has a fifty-two week low of $20.23 and a fifty-two week high of $30.75. The company has a market cap of $849.87 million, a PE ratio of 24.59, a PEG ratio of 1.35 and a beta of 0.91. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.71 and a current ratio of 1.71. The business’s 50-day simple moving average is $25.76 and its two-hundred day simple moving average is $24.05.

The Hackett Group (NASDAQ:HCKT) last issued its quarterly earnings results on Tuesday, August 6th. The business services provider reported $0.31 earnings per share for the quarter, hitting the consensus estimate of $0.31. The Hackett Group had a net margin of 11.46% and a return on equity of 38.20%. The company had revenue of $75.90 million for the quarter, compared to the consensus estimate of $74.16 million. Equities analysts anticipate that The Hackett Group will post 1.28 EPS for the current year.

Institutional Investors Weigh In On The Hackett Group

Several hedge funds have recently modified their holdings of the company. Millennium Management LLC increased its stake in shares of The Hackett Group by 293.2% in the 2nd quarter. Millennium Management LLC now owns 224,567 shares of the business services provider’s stock valued at $4,878,000 after purchasing an additional 167,453 shares in the last quarter. Harbor Capital Advisors Inc. increased its position in shares of The Hackett Group by 150.2% in the third quarter. Harbor Capital Advisors Inc. now owns 251,489 shares of the business services provider’s stock valued at $6,607,000 after buying an additional 150,962 shares in the last quarter. Values First Advisors Inc. acquired a new position in shares of The Hackett Group during the 2nd quarter worth approximately $1,799,000. Aristides Capital LLC lifted its position in shares of The Hackett Group by 111.8% during the 1st quarter. Aristides Capital LLC now owns 144,869 shares of the business services provider’s stock valued at $3,520,000 after buying an additional 76,472 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in The Hackett Group by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 1,995,053 shares of the business services provider’s stock valued at $48,480,000 after acquiring an additional 61,635 shares during the period. 78.12% of the stock is owned by hedge funds and other institutional investors.

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.