StockNews.com Upgrades The Hackett Group (NASDAQ:HCKT) to “Strong-Buy”

The Hackett Group (NASDAQ:HCKT) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Wednesday.

Other analysts have also issued research reports about the stock. Craig Hallum lifted their target price on shares of The Hackett Group from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Roth Mkm lifted their target price on shares of The Hackett Group from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Finally, Barrington Research reiterated an “outperform” rating and issued a $28.00 target price on shares of The Hackett Group in a research report on Tuesday, November 5th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, The Hackett Group currently has an average rating of “Buy” and a consensus target price of $32.67.

The Hackett Group Trading Down 0.3 %

NASDAQ:HCKT opened at $30.69 on Wednesday. The firm has a 50 day moving average of $30.84 and a 200 day moving average of $28.53. The stock has a market capitalization of $846.74 million, a price-to-earnings ratio of 28.95, a PEG ratio of 1.58 and a beta of 0.99. The Hackett Group has a 52 week low of $20.23 and a 52 week high of $34.02. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.18.

The Hackett Group (NASDAQ:HCKT) last released its quarterly earnings data on Tuesday, February 18th. The business services provider reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.06). The business had revenue of $77.46 million during the quarter, compared to analyst estimates of $75.64 million. The Hackett Group had a return on equity of 36.40% and a net margin of 9.44%. As a group, sell-side analysts anticipate that The Hackett Group will post 1.43 earnings per share for the current fiscal year.

Hedge Funds Weigh In On The Hackett Group

Hedge funds and other institutional investors have recently modified their holdings of the business. Versant Capital Management Inc lifted its stake in shares of The Hackett Group by 353.1% in the fourth quarter. Versant Capital Management Inc now owns 947 shares of the business services provider’s stock worth $29,000 after buying an additional 738 shares in the last quarter. Financial Management Professionals Inc. purchased a new position in shares of The Hackett Group in the third quarter worth about $54,000. Quantbot Technologies LP lifted its stake in shares of The Hackett Group by 383.4% in the third quarter. Quantbot Technologies LP now owns 2,741 shares of the business services provider’s stock worth $72,000 after buying an additional 2,174 shares in the last quarter. CWM LLC lifted its stake in shares of The Hackett Group by 8.4% in the third quarter. CWM LLC now owns 5,061 shares of the business services provider’s stock worth $133,000 after buying an additional 394 shares in the last quarter. Finally, Longboard Asset Management LP purchased a new position in shares of The Hackett Group in the fourth quarter worth about $207,000. 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.