The Hackett Group (NASDAQ:HCKT) Stock Rating Raised to "Hold" at Zacks Research

Key Points

• Zacks Research upgraded The Hackett Group from “strong sell” to “hold,” while analysts’ overall consensus remains “Hold” with a $16.50 price target.
• HCKT shares opened at $10.73, down 0.8%, and remain well below their 52-week high of $20.68. The company recently met quarterly EPS expectations at $0.34 and slightly exceeded revenue estimates.
• Institutional ownership is substantial at 78.12%, with BlackRock, Bank of America, Punch & Associates and others establishing or increasing positions during recent quarters.

The Hackett Group (NASDAQ:HCKT - Get Free Report) was upgraded by Zacks Research from a "strong sell" rating to a "hold" rating in a report issued on Monday, Zacks reports.

A number of other research analysts have also recently commented on HCKT. Wall Street Zen upgraded shares of The Hackett Group from a "hold" rating to a "buy" rating in a report on Saturday, September 5th. Weiss Ratings reiterated a "sell (d+)" rating on shares of The Hackett Group in a report on Friday. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $16.50.

The Hackett Group Stock Down 0.8%

Shares of NASDAQ HCKT opened at $10.73 on Monday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.94 and a quick ratio of 1.94. The company has a market cap of $266.94 million, a P/E ratio of 16.51, a PEG ratio of 0.92 and a beta of 0.96. The Hackett Group has a 1 year low of $9.15 and a 1 year high of $20.68. The firm has a 50-day simple moving average of $10.89 and a two-hundred day simple moving average of $11.26.

The Hackett Group (NASDAQ:HCKT - Get Free Report) last announced its earnings results on Tuesday, August 4th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.34. The Hackett Group had a return on equity of 34.77% and a net margin of 5.86%.The business had revenue of $69.33 million during the quarter, compared to analyst estimates of $68.80 million. The Hackett Group has set its Q3 2026 guidance at 0.370-0.390 EPS. Research analysts anticipate that The Hackett Group will post 1.17 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in HCKT. BlackRock Inc. purchased a new stake in shares of The Hackett Group during the 2nd quarter worth $18,957,000. Bank of America Corp DE bought a new stake in The Hackett Group during the second quarter valued at about $7,681,000. Punch & Associates Investment Management Inc. purchased a new position in The Hackett Group in the second quarter valued at about $5,113,000. Weber Capital Management LLC ADV bought a new position in The Hackett Group in the second quarter worth about $2,430,391. Finally, Quantinno Capital Management LP raised its holdings in The Hackett Group by 554.1% in the first quarter. Quantinno Capital Management LP now owns 199,993 shares of the business services provider's stock worth $2,602,000 after purchasing an additional 169,420 shares in the last quarter. 78.12% of the stock is currently owned by hedge funds and other institutional investors.

About The Hackett Group

The Hackett Group, Inc is a global business and technology consulting firm that helps organizations improve performance, streamline operations and execute large-scale transformation initiatives. The company serves executives and business functions including finance, procurement, human resources, information technology, supply chain and enterprise performance management.

Its offerings include benchmarking and performance studies, executive advisory services, technology consulting, enterprise transformation and implementation support.

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