BidaskClub Downgrades The Hackett Group (NASDAQ:HCKT) to Sell
HCKT has been the subject of a number of other research reports. Zacks Investment Research lowered GenMark Diagnostics from a “hold” rating to a “sell” rating in a research report on Wednesday, April 24th. Barrington Research reaffirmed a “buy” rating and set a $22.00 price target on shares of The Hackett Group in a research report on Friday, June 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $22.50.
NASDAQ HCKT opened at $16.69 on Thursday. The Hackett Group has a 1-year low of $15.16 and a 1-year high of $22.84. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.93 and a current ratio of 1.93. The firm has a 50-day moving average of $16.64. The company has a market cap of $496.36 million, a price-to-earnings ratio of 15.75, a PEG ratio of 1.23 and a beta of 0.82.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in HCKT. FMR LLC raised its position in shares of The Hackett Group by 65.0% in the 4th quarter. FMR LLC now owns 2,668,126 shares of the business services provider’s stock worth $42,716,000 after acquiring an additional 1,051,127 shares in the last quarter. Wasatch Advisors Inc. raised its position in shares of The Hackett Group by 27.8% in the 1st quarter. Wasatch Advisors Inc. now owns 1,092,669 shares of the business services provider’s stock worth $17,264,000 after acquiring an additional 237,597 shares in the last quarter. Foundry Partners LLC bought a new position in shares of The Hackett Group in the 1st quarter worth approximately $3,149,000. Cadence Capital Management LLC bought a new position in shares of The Hackett Group in the 1st quarter worth approximately $2,436,000. Finally, Crawford Investment Counsel Inc. bought a new position in shares of The Hackett Group in the 1st quarter worth approximately $2,265,000. 79.07% of the stock is owned by institutional investors and hedge funds.
About The Hackett Group
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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