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.

Separately, Barrington Research upped their price objective on The Hackett Group from $28.00 to $36.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, The Hackett Group currently has an average rating of “Buy” and an average target price of $32.67.

The Hackett Group Price Performance

Shares of The Hackett Group stock remained flat at $29.20 during trading on Wednesday. The stock had a trading volume of 93,946 shares, compared to its average volume of 108,080. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.51 and a quick ratio of 1.51. The firm has a market cap of $811.50 million, a P/E ratio of 27.55, a price-to-earnings-growth ratio of 1.53 and a beta of 1.03. The Hackett Group has a 52-week low of $20.23 and a 52-week high of $34.02. The firm’s 50-day moving average price is $30.12 and its two-hundred day moving average price is $29.26.

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 (EPS) for the quarter, missing analysts’ consensus estimates 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 return on equity of 36.40% and a net margin of 9.44%. On average, research analysts predict that The Hackett Group will post 1.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On The Hackett Group

Several large investors have recently added to or reduced their stakes in the stock. Versant Capital Management Inc increased its holdings in The Hackett Group by 353.1% during the 4th quarter. Versant Capital Management Inc now owns 947 shares of the business services provider’s stock worth $29,000 after purchasing an additional 738 shares during the period. Quantbot Technologies LP grew its position in shares of The Hackett Group by 383.4% in the 3rd 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 during the last quarter. Longboard Asset Management LP acquired a new stake in The Hackett Group in the fourth quarter valued at approximately $207,000. ProShare Advisors LLC purchased a new stake in shares of The Hackett Group during the 4th quarter valued at $219,000. Finally, Arizona State Retirement System acquired a new stake in shares of The Hackett Group in the 4th quarter worth $221,000. 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.