The Hackett Group (NASDAQ:HCKT) Upgraded at StockNews.com

The Hackett Group (NASDAQ:HCKT) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Wednesday.

Separately, Barrington Research lifted their price target 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 research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, The Hackett Group has a consensus rating of “Buy” and an average price target of $32.67.

The Hackett Group Price Performance

Shares of The Hackett Group stock remained flat at $29.20 on Wednesday. The company had a trading volume of 93,946 shares, compared to its average volume of 108,080. The Hackett Group has a 12-month low of $20.23 and a 12-month high of $34.02. The company has a fifty day simple moving average of $30.12 and a 200 day simple moving average of $29.26. 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 company has a market capitalization of $811.50 million, a price-to-earnings ratio of 27.55, a price-to-earnings-growth ratio of 1.53 and a beta of 1.03.

The Hackett Group (NASDAQ:HCKT) last announced its quarterly earnings results on Tuesday, February 18th. The business services provider reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.06). The company had revenue of $77.46 million for 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%. Research analysts forecast that The Hackett Group will post 1.43 EPS for the current year.

Hedge Funds Weigh In On The Hackett Group

Large investors have recently bought and sold shares of the business. Versant Capital Management Inc lifted its position in shares of 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 valued at $29,000 after buying an additional 738 shares in the last quarter. Quantbot Technologies LP raised its position in The Hackett Group by 383.4% during 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 during the period. Longboard Asset Management LP acquired a new position in The Hackett Group during the fourth quarter worth $207,000. ProShare Advisors LLC purchased a new position in The Hackett Group during the fourth quarter valued at $219,000. Finally, Arizona State Retirement System acquired a new stake in shares of The Hackett Group in the fourth quarter valued at about $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.