The Hackett Group (NASDAQ:HCKT) Upgraded at Zacks Research

The Hackett Group (NASDAQ:HCKT) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

HCKT has been the subject of a number of other research reports. Barrington Research decreased their target price on The Hackett Group from $17.00 to $16.00 and set an “outperform” rating for the company in a report on Wednesday, May 6th. Roth Capital set a $17.00 price target on shares of The Hackett Group in a research report on Wednesday, May 6th. Weiss Ratings reiterated a “sell (d+)” rating on shares of The Hackett Group in a research note on Monday. Finally, Wall Street Zen downgraded shares of The Hackett Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $16.50.

The Hackett Group Trading Down 1.4%

Shares of HCKT opened at $10.74 on Monday. The Hackett Group has a twelve month low of $9.15 and a twelve month high of $26.09. The firm has a market capitalization of $270.53 million, a P/E ratio of 20.26, a price-to-earnings-growth ratio of 0.89 and a beta of 0.92. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 1.19. The stock’s fifty day simple moving average is $10.95 and its 200 day simple moving average is $14.19.

The Hackett Group (NASDAQ:HCKT) last posted its quarterly earnings results on Tuesday, May 5th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). The firm had revenue of $68.80 million for the quarter, compared to analysts’ expectations of $71.23 million. The Hackett Group had a net margin of 4.75% and a return on equity of 26.70%. The Hackett Group has set its Q2 2026 guidance at 0.330-0.350 EPS. On average, equities research analysts forecast that The Hackett Group will post 1.23 earnings per share for the current year.

Hedge Funds Weigh In On The Hackett Group

A number of institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada grew its stake in shares of The Hackett Group by 253.5% during the first quarter. Royal Bank of Canada now owns 32,776 shares of the business services provider’s stock valued at $957,000 after acquiring an additional 23,503 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of The Hackett Group by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,007 shares of the business services provider’s stock worth $439,000 after acquiring an additional 614 shares in the last quarter. Jane Street Group LLC purchased a new position in The Hackett Group in the first quarter valued at about $1,379,000. Rhumbline Advisers grew its stake in The Hackett Group by 1.5% during the 2nd quarter. Rhumbline Advisers now owns 39,506 shares of the business services provider’s stock valued at $1,004,000 after purchasing an additional 581 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in The Hackett Group by 7.3% during the 2nd quarter. American Century Companies Inc. now owns 64,276 shares of the business services provider’s stock worth $1,634,000 after purchasing an additional 4,399 shares during the last quarter. Institutional investors and hedge funds own 78.12% of the company’s stock.

About The Hackett Group

The Hackett Group is a global strategic advisory firm specializing in business transformation, benchmarking and research. Leveraging a proprietary data repository and the Hackett Methodology®, the company helps organizations optimize performance across enterprise functions. Its advisory services span digital transformation, process optimization and operational excellence, enabling clients to identify best practices, streamline workflows and achieve sustainable cost savings.

Through detailed benchmarking studies and industry research, The Hackett Group delivers actionable insights into finance, procurement, human resources, information technology and supply chain management.