Barrington Research Forecasts Strong Price Appreciation for The Hackett Group (NASDAQ:HCKT) Stock

The Hackett Group (NASDAQ:HCKT) had its price objective increased by research analysts at Barrington Research from $28.00 to $36.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the business services provider’s stock. Barrington Research’s price target would suggest a potential upside of 19.28% from the company’s current price.

A number of other research firms also recently issued reports on HCKT. Craig Hallum raised their price target on The Hackett Group from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. StockNews.com raised shares of The Hackett Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Finally, Roth Mkm raised their price target on shares of The Hackett Group from $29.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. One 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 stock. According to data from MarketBeat.com, The Hackett Group presently has an average rating of “Buy” and an average target price of $32.67.

The Hackett Group Stock Performance

NASDAQ:HCKT opened at $30.18 on Thursday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.51 and a current ratio of 1.51. The Hackett Group has a fifty-two week low of $20.23 and a fifty-two week high of $34.02. The company has a market cap of $832.67 million, a price-to-earnings ratio of 28.47, a PEG ratio of 1.54 and a beta of 0.99. The stock has a fifty day moving average price of $30.84 and a 200-day moving average price of $28.53.

The Hackett Group (NASDAQ:HCKT) last posted its earnings results on Tuesday, February 18th. The business services provider reported $0.35 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.06). The firm had revenue of $77.46 million during the quarter, compared to the consensus estimate of $75.64 million. The Hackett Group had a net margin of 9.44% and a return on equity of 36.40%. As a group, equities analysts anticipate that The Hackett Group will post 1.43 EPS for the current fiscal year.

Institutional Trading of The Hackett Group

Several hedge funds have recently bought and sold shares of HCKT. Versant Capital Management Inc grew its position in 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 acquiring an additional 738 shares in the last quarter. Financial Management Professionals Inc. bought a new stake in The Hackett Group in the third quarter worth approximately $54,000. Quantbot Technologies LP grew its position in 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 acquiring an additional 2,174 shares in the last quarter. CWM LLC grew its position in 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 acquiring an additional 394 shares in the last quarter. Finally, Longboard Asset Management LP bought a new stake in The Hackett Group in the fourth quarter worth approximately $207,000. 78.12% of the stock is currently owned by 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.