The Hackett Group (NASDAQ:HCKT) Cut to “Buy” at StockNews.com

The Hackett Group (NASDAQ:HCKT) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a note issued to investors on Thursday.

Separately, Barrington Research raised their price objective on The Hackett Group from $28.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $32.67.

The Hackett Group Stock Down 1.1 %

Shares of HCKT stock opened at $28.47 on Thursday. The stock’s 50 day simple moving average is $30.46 and its 200 day simple moving average is $28.95. 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 twelve month low of $20.23 and a twelve month high of $34.02. The company has a market capitalization of $791.21 million, a price-to-earnings ratio of 26.86, a PEG ratio of 1.53 and a beta of 1.03.

The Hackett Group (NASDAQ:HCKT) last issued 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 Hackett Group had a net margin of 9.44% and a return on equity of 36.40%. The company had revenue of $77.46 million during the quarter, compared to the consensus estimate of $75.64 million. As a group, research analysts predict that The Hackett Group will post 1.43 EPS for the current year.

Institutional Trading of The Hackett Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Versant Capital Management Inc grew its holdings in The Hackett Group by 353.1% in the 4th quarter. Versant Capital Management Inc now owns 947 shares of the business services provider’s stock valued at $29,000 after buying an additional 738 shares during the last quarter. Quantbot Technologies LP grew its holdings in shares of The Hackett Group by 383.4% during the 3rd quarter. Quantbot Technologies LP now owns 2,741 shares of the business services provider’s stock worth $72,000 after purchasing an additional 2,174 shares in the last quarter. Longboard Asset Management LP acquired a new stake in shares of The Hackett Group during the 4th quarter worth approximately $207,000. ProShare Advisors LLC acquired a new stake in shares of The Hackett Group during the 4th quarter worth approximately $219,000. Finally, Arizona State Retirement System acquired a new stake in shares of The Hackett Group during the 4th quarter worth approximately $221,000. Institutional investors and hedge funds own 78.12% of the company’s stock.

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.