The Hackett Group (NASDAQ:HCKT) was upgraded by BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued on Tuesday.

Several other research firms have also weighed in on HCKT. Barrington Research lifted their target price on shares of The Hackett Group from $22.00 to $23.00 and gave the company an “outperform” rating in a report on Thursday, November 8th. ValuEngine raised shares of The Hackett Group from a “hold” rating to a “buy” rating in a report on Tuesday, January 15th. William Blair started coverage on shares of The Hackett Group in a report on Friday, January 11th. They set an “outperform” rating for the company. Finally, Zacks Investment Research lowered shares of The Hackett Group from a “hold” rating to a “sell” rating in a report on Friday, January 4th. One research analyst has rated the stock with a sell rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $21.33.

NASDAQ:HCKT opened at $19.21 on Tuesday. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.09. The company has a market cap of $557.60 million, a PE ratio of 25.28, a PEG ratio of 1.32 and a beta of 0.99. The Hackett Group has a 1-year low of $15.24 and a 1-year high of $22.84.

Several large investors have recently bought and sold shares of the company. BlackRock Inc. grew its stake in The Hackett Group by 1.9% in the 3rd quarter. BlackRock Inc. now owns 2,378,270 shares of the business services provider’s stock valued at $47,921,000 after acquiring an additional 44,652 shares during the period. Dimensional Fund Advisors LP grew its stake in The Hackett Group by 0.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,732,989 shares of the business services provider’s stock valued at $34,919,000 after acquiring an additional 11,264 shares during the period. FMR LLC grew its stake in The Hackett Group by 175.8% in the 3rd quarter. FMR LLC now owns 1,616,999 shares of the business services provider’s stock valued at $32,583,000 after acquiring an additional 1,030,786 shares during the period. Trigran Investments Inc. grew its stake in The Hackett Group by 4.5% in the 4th quarter. Trigran Investments Inc. now owns 1,607,853 shares of the business services provider’s stock valued at $25,742,000 after acquiring an additional 69,074 shares during the period. Finally, Vanguard Group Inc. grew its stake in The Hackett Group by 3.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,399,501 shares of the business services provider’s stock valued at $28,201,000 after acquiring an additional 50,699 shares during the period. 78.54% of the stock is owned by hedge funds and other institutional investors.

The Hackett Group Company Profile

The Hackett Group, Inc operates as a strategic advisory and technology consulting firm primarily in North America and European countries. Its executive advisory programs include best practice intelligence center, an online searchable repository of best practices, performance metrics, conference presentations, and associated research; best practice accelerators that provide Web based access to best practices, customized software configuration tools, and best practice process flows; advisor inquiry, an inquiry service used by clients for access to fact-based advice on proven approaches and methods; best practice research, a research that provides insights into the proven approaches; and peer interaction comprising member-led Webcasts, annual best practice conferences, annual member forums, membership performance surveys, and client-submitted content.

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