The Hackett Group (NASDAQ:HCKT) Receives Outperform Rating from Barrington Research

The Hackett Group (NASDAQ:HCKT - Get Free Report)'s stock had its "outperform" rating reiterated by equities research analysts at Barrington Research in a report issued on Friday,Benzinga reports. They currently have a $36.00 price target on the business services provider's stock. Barrington Research's price objective indicates a potential upside of 38.84% from the stock's previous close.

Separately, StockNews.com downgraded shares of The Hackett Group from a "strong-buy" rating to a "buy" rating in a research note on Thursday, April 10th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, The Hackett Group has an average rating of "Moderate Buy" and a consensus price target of $32.67.

The Hackett Group Price Performance

Shares of HCKT stock traded down $0.32 during trading hours on Friday, reaching $25.93. The company had a trading volume of 42,942 shares, compared to its average volume of 110,768. The Hackett Group has a 12-month low of $20.23 and a 12-month high of $34.02. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.51 and a current ratio of 1.51. The company has a market capitalization of $720.62 million, a price-to-earnings ratio of 24.46, a PEG ratio of 1.53 and a beta of 0.98. The stock has a fifty day moving average of $29.12 and a 200-day moving average of $29.27.

The Hackett Group (NASDAQ:HCKT - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The business services provider reported $0.35 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.06). The Hackett Group had a return on equity of 36.40% and a net margin of 9.44%. The company had revenue of $77.46 million for the quarter, compared to analysts' expectations of $75.64 million. On average, equities analysts anticipate that The Hackett Group will post 1.43 earnings per share for the current year.

Hedge Funds Weigh In On The Hackett Group

A number of institutional investors and hedge funds have recently modified their holdings of HCKT. Versant Capital Management Inc raised its holdings in The Hackett Group by 353.1% during the fourth quarter. Versant Capital Management Inc now owns 947 shares of the business services provider's stock worth $29,000 after purchasing an additional 738 shares in the last quarter. Quantbot Technologies LP lifted its position in The Hackett Group by 52.5% in the fourth quarter. Quantbot Technologies LP now owns 4,180 shares of the business services provider's stock valued at $128,000 after acquiring an additional 1,439 shares during the last quarter. Longboard Asset Management LP purchased a new position in shares of The Hackett Group during the fourth quarter worth about $207,000. ProShare Advisors LLC purchased a new stake in shares of The Hackett Group in the 4th quarter valued at about $219,000. Finally, Arizona State Retirement System acquired a new position in The Hackett Group during the fourth quarter worth approximately $221,000. Institutional investors and hedge funds own 78.12% of the company's stock.

The Hackett Group Company Profile

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.