BidaskClub upgraded shares of The Hackett Group (NASDAQ:HCKT) from a hold rating to a buy rating in a report published on Tuesday morning.
A number of other research firms have also issued reports on HCKT. Barrington Research set a $22.00 price target on The Hackett Group and gave the company a buy rating in a research report on Friday, October 5th. ValuEngine upgraded The Hackett Group from a hold rating to a buy rating in a research report on Thursday, August 9th. SunTrust Banks restated a buy rating and issued a $23.00 price target on shares of The Hackett Group in a research report on Thursday, August 9th. Finally, Zacks Investment Research lowered The Hackett Group from a hold rating to a sell rating in a research report on Tuesday, August 14th. One analyst has rated the stock with a sell rating and five have given a buy rating to the company. The stock currently has an average rating of Buy and an average target price of $20.75.
Shares of HCKT stock traded down $0.19 during trading hours on Tuesday, reaching $19.41. The company had a trading volume of 94,319 shares, compared to its average volume of 99,192. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.73 and a quick ratio of 1.73. The firm has a market capitalization of $593.66 million, a PE ratio of 25.54, a price-to-earnings-growth ratio of 1.51 and a beta of 0.98. The Hackett Group has a 12-month low of $14.55 and a 12-month high of $20.59.
The Hackett Group (NASDAQ:HCKT) last posted its quarterly earnings results on Tuesday, August 7th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.27. The business had revenue of $75.65 million during the quarter, compared to analyst estimates of $75.04 million. The Hackett Group had a return on equity of 23.41% and a net margin of 11.62%. On average, equities research analysts expect that The Hackett Group will post 0.89 EPS for the current year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. United Services Automobile Association lifted its holdings in The Hackett Group by 37.2% in the second quarter. United Services Automobile Association now owns 185,171 shares of the business services provider’s stock valued at $2,976,000 after acquiring an additional 50,200 shares during the last quarter. Northern Trust Corp lifted its holdings in The Hackett Group by 4.6% in the second quarter. Northern Trust Corp now owns 342,719 shares of the business services provider’s stock valued at $5,507,000 after acquiring an additional 15,090 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in The Hackett Group by 1.5% in the second quarter. Bank of New York Mellon Corp now owns 296,053 shares of the business services provider’s stock valued at $4,757,000 after acquiring an additional 4,344 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in The Hackett Group by 209.9% in the second quarter. Advisors Asset Management Inc. now owns 41,943 shares of the business services provider’s stock valued at $674,000 after acquiring an additional 28,410 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in The Hackett Group by 89.9% in the second quarter. Millennium Management LLC now owns 257,738 shares of the business services provider’s stock valued at $4,142,000 after acquiring an additional 121,988 shares during the last quarter. Hedge funds and other institutional investors own 78.65% of the company’s stock.
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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