The Hackett Group (NASDAQ:HCKT) Upgraded to Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded The Hackett Group from “hold” to “buy,” though the broader analyst consensus remains “Reduce,” with a $16.50 price target; other ratings include “sell” and “strong sell.”
• HCKT shares opened at $11.21, up 1.2%, with a market capitalization of approximately $278.9 million. The stock has traded between $9.15 and $21.33 over the past year.
• The company reported quarterly earnings of $0.34 per share, matching estimates, while revenue of $69.33 million exceeded the $68.80 million consensus forecast. Institutional investors own approximately 78.1% of outstanding shares.

The Hackett Group (NASDAQ:HCKT - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Saturday, Wall Street Zen reports.

A number of other analysts have also weighed in on HCKT. Weiss Ratings reiterated a "sell (d+)" rating on shares of The Hackett Group in a research note on Monday, July 6th. Zacks Research cut shares of The Hackett Group from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 11th. One analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, The Hackett Group has a consensus rating of "Reduce" and a consensus price target of $16.50.

The Hackett Group Stock Up 1.2%

Shares of NASDAQ:HCKT opened at $11.21 on Friday. The firm has a market capitalization of $278.90 million, a PE ratio of 17.25, a price-to-earnings-growth ratio of 0.95 and a beta of 0.92. The business has a 50 day simple moving average of $10.74 and a two-hundred day simple moving average of $11.78. The Hackett Group has a 1 year low of $9.15 and a 1 year high of $21.33. 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 Hackett Group (NASDAQ:HCKT - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The business services provider reported $0.34 earnings per share for the quarter, hitting 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 firm had revenue of $69.33 million for the quarter, compared to the consensus estimate of $68.80 million. The Hackett Group has set its Q3 2026 guidance at 0.370-0.390 EPS. On average, equities analysts predict that The Hackett Group will post 1.17 EPS for the current year.

Hedge Funds Weigh In On The Hackett Group

A number of hedge funds and other institutional investors have recently made changes to their positions in HCKT. Royce & Associates LP increased its stake in shares of The Hackett Group by 2.4% during the fourth quarter. Royce & Associates LP now owns 2,642,287 shares of the business services provider's stock valued at $51,868,000 after buying an additional 60,956 shares during the period. BlackRock Inc. purchased a new stake in The Hackett Group in the second quarter worth about $18,957,000. Millennium Management LLC lifted its stake in The Hackett Group by 122.9% in the third quarter. Millennium Management LLC now owns 807,457 shares of the business services provider's stock worth $15,350,000 after acquiring an additional 445,267 shares during the period. Bank of America Corp DE purchased a new stake in The Hackett Group in the second quarter worth about $7,681,000. Finally, Punch & Associates Investment Management Inc. bought a new position in The Hackett Group during the 2nd quarter worth about $5,113,000. 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.

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