The Hackett Group (HCKT) Raised to “Hold” at BidaskClub
BidaskClub upgraded shares of The Hackett Group (NASDAQ:HCKT) from a sell rating to a hold rating in a research note released on Monday morning.
A number of other equities analysts have also recently weighed in on the company. Zacks Investment Research cut The Hackett Group from a hold rating to a sell rating in a report on Tuesday, January 16th. SunTrust Banks reiterated a buy rating and set a $17.00 price target on shares of The Hackett Group in a report on Friday, November 10th. Finally, Roth Capital upgraded The Hackett Group from a neutral rating to a buy rating and increased their price target for the stock from $16.00 to $20.00 in a report on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $18.33.
The Hackett Group (HCKT) opened at $15.14 on Monday. The firm has a market capitalization of $440.73, a price-to-earnings ratio of 20.51, a PEG ratio of 1.13 and a beta of 0.82. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.22. The Hackett Group has a twelve month low of $13.24 and a twelve month high of $20.69.
A number of institutional investors and hedge funds have recently bought and sold shares of HCKT. JPMorgan Chase & Co. lifted its stake in The Hackett Group by 95.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 248,371 shares of the business services provider’s stock worth $3,850,000 after acquiring an additional 121,539 shares in the last quarter. New York State Common Retirement Fund lifted its stake in The Hackett Group by 30.1% during the 2nd quarter. New York State Common Retirement Fund now owns 28,500 shares of the business services provider’s stock worth $442,000 after acquiring an additional 6,599 shares in the last quarter. Northern Trust Corp lifted its stake in The Hackett Group by 10.4% during the 2nd quarter. Northern Trust Corp now owns 338,546 shares of the business services provider’s stock worth $5,248,000 after acquiring an additional 31,865 shares in the last quarter. Vanguard Group Inc. lifted its stake in The Hackett Group by 10.6% during the 2nd quarter. Vanguard Group Inc. now owns 1,789,845 shares of the business services provider’s stock worth $27,743,000 after acquiring an additional 171,125 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in The Hackett Group by 1.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,707,362 shares of the business services provider’s stock worth $26,464,000 after acquiring an additional 18,198 shares in the last quarter. 79.27% of the stock is currently owned by hedge funds and other institutional investors.
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The Hackett Group Company Profile
The Hackett Group, Inc is an advisory and technology consulting company. The Company’s services include business transformation, enterprise performance management, working capital management and global business services. The Company is engaged in providing business and technology consulting services.
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