The Hackett Group (NASDAQ:HCKT) Rating Reiterated by Barrington Research

The Hackett Group (NASDAQ:HCKT)‘s stock had its “outperform” rating restated by equities research analysts at Barrington Research in a research note issued on Tuesday, Benzinga reports. They presently have a $28.00 price target on the business services provider’s stock. Barrington Research’s target price indicates a potential upside of 5.34% from the company’s current price.

Separately, Roth Capital lowered shares of The Hackett Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 7th.

The Hackett Group Price Performance

Shares of NASDAQ:HCKT opened at $26.58 on Tuesday. The stock’s 50 day moving average price is $25.46 and its 200 day moving average price is $23.59. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.71 and a quick ratio of 1.71. The stock has a market cap of $733.98 million, a price-to-earnings ratio of 21.10, a PEG ratio of 1.40 and a beta of 0.91. The Hackett Group has a 12 month low of $20.23 and a 12 month high of $27.68.

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

Institutional Investors Weigh In On The Hackett Group

Hedge funds have recently modified their holdings of the stock. Millennium Management LLC increased its stake in 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 worth $4,878,000 after purchasing an additional 167,453 shares in the last quarter. Values First Advisors Inc. purchased a new position in shares of The Hackett Group in the second quarter worth approximately $1,799,000. Aristides Capital LLC raised its holdings in shares of The Hackett Group by 111.8% during the first quarter. Aristides Capital LLC now owns 144,869 shares of the business services provider’s stock valued at $3,520,000 after acquiring an additional 76,472 shares during the period. Harbor Capital Advisors Inc. lifted its position in shares of The Hackett Group by 273.4% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 100,527 shares of the business services provider’s stock valued at $2,183,000 after acquiring an additional 73,605 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of 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 in the last quarter. 78.12% of the stock is owned by hedge funds and other institutional investors.

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.