StockNews.com Downgrades The Hackett Group (NASDAQ:HCKT) to Buy

The Hackett Group (NASDAQ:HCKT) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued on Thursday.

HCKT has been the topic of a number of other research reports. Craig Hallum upped their price target on shares of The Hackett Group from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Roth Mkm increased their price objective on shares of The Hackett Group from $29.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Finally, Barrington Research increased their price objective on shares of The Hackett Group from $28.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $32.67.

The Hackett Group Stock Performance

Shares of HCKT opened at $30.38 on Thursday. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $838.28 million, a P/E ratio of 28.66, a price-to-earnings-growth ratio of 1.53 and a beta of 0.99. The firm’s fifty day simple moving average is $30.70 and its two-hundred day simple moving average is $28.73. The Hackett Group has a 12 month low of $20.23 and a 12 month high of $34.02.

The Hackett Group (NASDAQ:HCKT) last issued its quarterly earnings results on Tuesday, February 18th. The business services provider reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.06). The firm had revenue of $77.46 million for the quarter, compared to the consensus estimate of $75.64 million. The Hackett Group had a net margin of 9.44% and a return on equity of 36.40%. As a group, analysts predict that The Hackett Group will post 1.43 EPS for the current year.

Institutional Investors Weigh In On The Hackett Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of The Hackett Group by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 2,186,611 shares of the business services provider’s stock worth $67,173,000 after acquiring an additional 16,682 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of The Hackett Group by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 716,072 shares of the business services provider’s stock worth $22,002,000 after acquiring an additional 15,819 shares during the last quarter. State Street Corp raised its holdings in shares of The Hackett Group by 4.1% in the 3rd quarter. State Street Corp now owns 641,783 shares of the business services provider’s stock worth $16,927,000 after acquiring an additional 25,249 shares during the last quarter. Boston Partners raised its holdings in shares of The Hackett Group by 2.9% in the 4th quarter. Boston Partners now owns 525,435 shares of the business services provider’s stock worth $16,086,000 after acquiring an additional 14,676 shares during the last quarter. Finally, Wellington Management Group LLP raised its holdings in shares of The Hackett Group by 5.2% in the 4th quarter. Wellington Management Group LLP now owns 393,291 shares of the business services provider’s stock worth $12,082,000 after acquiring an additional 19,300 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, Inc operates as an intellectual property-based executive advisory, strategic consulting, and digital transformation company in the United States, Europe, and internationally. The company operates through three segments: Global Strategy & Business Transformation, Oracle Solutions, and SAP Solutions.