The Hackett Group (NASDAQ:HCKT) Given Outperform Rating at Barrington Research

The Hackett Group (NASDAQ:HCKT)‘s stock had its “outperform” rating reaffirmed by analysts at Barrington Research in a research report issued to clients and investors on Thursday,Benzinga reports. They currently have a $27.00 price target on the business services provider’s stock. Barrington Research’s price objective would indicate a potential upside of 63.83% from the stock’s previous close.

Separately, Weiss Ratings upgraded shares of The Hackett Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, January 12th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.00.

The Hackett Group Stock Down 3.3%

HCKT opened at $16.48 on Thursday. The company has a market capitalization of $447.12 million, a PE ratio of 43.37, a price-to-earnings-growth ratio of 1.08 and a beta of 1.03. The firm has a 50-day simple moving average of $19.55 and a two-hundred day simple moving average of $19.83. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.43. The Hackett Group has a 52 week low of $16.45 and a 52 week high of $34.02.

The Hackett Group (NASDAQ:HCKT) last posted its earnings results on Tuesday, November 4th. The business services provider reported $0.37 EPS for the quarter, hitting analysts’ consensus estimates of $0.37. The company had revenue of $73.10 million for the quarter, compared to the consensus estimate of $74.82 million. The Hackett Group had a return on equity of 23.20% and a net margin of 3.53%. Analysts forecast that The Hackett Group will post 1.43 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Quaker Wealth Management LLC raised its holdings in shares of The Hackett Group by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 1,143 shares of the business services provider’s stock worth $29,000 after buying an additional 2,286 shares during the period. Huntington National Bank grew its position in The Hackett Group by 147.7% in the 3rd quarter. Huntington National Bank now owns 1,635 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 975 shares during the last quarter. MAI Capital Management grew its position in The Hackett Group by 98.4% in the 3rd quarter. MAI Capital Management now owns 1,730 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 858 shares during the last quarter. Danske Bank A S purchased a new stake in The Hackett Group in the fourth quarter worth $49,000. Finally, Copeland Capital Management LLC lifted its position in shares of The Hackett Group by 28.3% during the third quarter. Copeland Capital Management LLC now owns 3,299 shares of the business services provider’s stock worth $63,000 after purchasing an additional 727 shares during the last quarter. Hedge funds and other institutional investors 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.