Barrington Research Reaffirms "Outperform" Rating for The Hackett Group (NASDAQ:HCKT)

Key Points

• Barrington Research reaffirmed an "Outperform" rating on The Hackett Group (NASDAQ: HCKT) with a $17 price target, implying roughly a 26.9% upside from the prior close.
• Analyst coverage is mixed: MarketBeat shows a consensus rating of "Reduce" with a $20.50 consensus target, while individual notes range from "buy" to "strong sell."
• HCKT traded at $13.40 with a market cap of about $340M; institutional investors own roughly 78% of shares and several funds (RBC, Jane Street, Magnetar) recently increased or established positions.

The Hackett Group (NASDAQ:HCKT - Get Free Report)'s stock had its "outperform" rating reaffirmed by equities research analysts at Barrington Research in a report released on Monday,Benzinga reports. They currently have a $17.00 target price on the business services provider's stock. Barrington Research's price objective would indicate a potential upside of 26.91% from the company's previous close.

HCKT has been the topic of a number of other research reports. Zacks Research cut shares of The Hackett Group from a "hold" rating to a "strong sell" rating in a research note on Friday, February 20th. Roth Mkm set a $24.00 price target on The Hackett Group in a research note on Wednesday, February 18th. Wall Street Zen upgraded The Hackett Group from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Weiss Ratings cut The Hackett Group from a "hold (c-)" rating to a "sell (d+)" rating in a report on Wednesday, March 11th. One analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, The Hackett Group has a consensus rating of "Reduce" and a consensus target price of $20.50.

The Hackett Group Price Performance

HCKT stock traded up $0.22 during trading on Monday, reaching $13.40. 66,380 shares of the company were exchanged, compared to its average volume of 294,853. The company has a market capitalization of $339.97 million, a price-to-earnings ratio of 28.52, a P/E/G ratio of 0.87 and a beta of 1.06. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.72 and a quick ratio of 1.72. The company has a 50-day moving average of $16.00 and a two-hundred day moving average of $18.14. The Hackett Group has a twelve month low of $12.76 and a twelve month high of $29.51.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada grew its stake in The Hackett Group by 253.5% during the first quarter. Royal Bank of Canada now owns 32,776 shares of the business services provider's stock worth $957,000 after purchasing an additional 23,503 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in The Hackett Group by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,007 shares of the business services provider's stock worth $439,000 after purchasing an additional 614 shares in the last quarter. Jane Street Group LLC acquired a new position in The Hackett Group in the first quarter valued at approximately $1,379,000. Geode Capital Management LLC boosted its holdings in shares of The Hackett Group by 2.4% during the 2nd quarter. Geode Capital Management LLC now owns 765,243 shares of the business services provider's stock worth $19,455,000 after buying an additional 18,196 shares in the last quarter. Finally, Magnetar Financial LLC boosted its holdings in shares of The Hackett Group by 334.4% during the 2nd quarter. Magnetar Financial LLC now owns 42,528 shares of the business services provider's stock worth $1,081,000 after buying an additional 32,738 shares in the last quarter. 78.12% of the stock is owned by institutional investors and hedge funds.

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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