The Hackett Group (NASDAQ:HCKT) Downgraded to “Strong Sell” Rating by Zacks Research

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

Several other equities research analysts have also recently commented on HCKT. Roth Mkm set a $17.00 price target on shares of The Hackett Group in a research report on Wednesday, May 6th. Barrington Research cut their price target on shares of The Hackett Group from $17.00 to $16.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 6th. Wall Street Zen cut shares of The Hackett Group from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings cut shares of The Hackett Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, April 8th. One equities research analyst has rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $16.50.

The Hackett Group Trading Up 4.3%

HCKT opened at $10.04 on Tuesday. The stock has a market capitalization of $252.91 million, a P/E ratio of 18.94, a P/E/G ratio of 0.78 and a beta of 0.96. The Hackett Group has a 12 month low of $9.15 and a 12 month high of $26.09. The firm’s fifty day simple moving average is $12.57 and its 200 day simple moving average is $16.08. 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 Hackett Group (NASDAQ:HCKT) last posted its quarterly earnings data on Tuesday, May 5th. The business services provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.01). The Hackett Group had a net margin of 4.75% and a return on equity of 26.70%. The company had revenue of $68.80 million during the quarter, compared to the consensus estimate of $71.23 million. The Hackett Group has set its Q2 2026 guidance at 0.330-0.350 EPS. As a group, research analysts anticipate that The Hackett Group will post 1.23 EPS for the current fiscal year.

Institutional Investors Weigh In On The Hackett Group

A number of institutional investors and hedge funds have recently modified their holdings of HCKT. Royal Bank of Canada raised its holdings in shares of The Hackett Group by 253.5% in the 1st quarter. Royal Bank of Canada now owns 32,776 shares of the business services provider’s stock valued at $957,000 after purchasing an additional 23,503 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of The Hackett Group by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,007 shares of the business services provider’s stock valued at $439,000 after purchasing an additional 614 shares during the period. Jane Street Group LLC bought a new stake in shares of The Hackett Group in the 1st quarter valued at about $1,379,000. Rhumbline Advisers raised its holdings in shares of The Hackett Group by 1.5% in 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 during the period. Finally, American Century Companies Inc. raised its holdings in shares of The Hackett Group by 7.3% in the 2nd quarter. American Century Companies Inc. now owns 64,276 shares of the business services provider’s stock valued at $1,634,000 after purchasing an additional 4,399 shares during the period. 78.12% of the stock is owned by institutional investors.

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.