The Hackett Group (NASDAQ:HCKT) Cut to "Strong Sell" at Zacks Research

Key Points

• Zacks Research downgraded The Hackett Group from “hold” to “strong sell,” while other analysts have issued mixed ratings; MarketBeat’s consensus is “reduce” with a $16.50 target price.
• The stock opened at $11.16 and remains well below its 52-week high of $21.40, with shares trading under their 200-day moving average.
• The company met quarterly EPS expectations at $0.34 and slightly exceeded revenue estimates with $69.33 million; institutional investors own 78.12% of the stock, including newly increased positions from several major firms.

The Hackett Group (NASDAQ:HCKT - Get Free Report) was downgraded by investment analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a research report issued on Tuesday,Zacks.com reports.

A number of other research analysts have also weighed in on the stock. Weiss Ratings reissued a "sell (d+)" rating on shares of The Hackett Group in a research report on Monday, July 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. Barrington Research reduced their target price on The Hackett Group from $17.00 to $16.00 and set an "outperform" rating for the company in a report on Wednesday, May 6th. Finally, Roth Capital set a $17.00 price target on The Hackett Group in a research report on Wednesday, May 6th. One analyst has rated the stock with a Buy rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, The Hackett Group presently has a consensus rating of "Reduce" and a consensus target price of $16.50.

The Hackett Group Stock Performance

Shares of HCKT opened at $11.16 on Tuesday. The firm has a market capitalization of $277.66 million, a P/E ratio of 17.17, a P/E/G ratio of 0.98 and a beta of 0.92. The Hackett Group has a 52 week low of $9.15 and a 52 week high of $21.40. The stock has a 50 day moving average price of $10.65 and a two-hundred day moving average price of $12.46. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.94 and a current ratio of 1.94.

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 company had revenue of $69.33 million for the quarter, compared to analysts' expectations of $68.80 million. The Hackett Group had a return on equity of 34.77% and a net margin of 5.86%.The Hackett Group has set its Q3 2026 guidance at 0.370-0.390 EPS. Equities analysts forecast that The Hackett Group will post 1.17 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of The Hackett Group in the second quarter valued at approximately $18,957,000. Millennium Management LLC raised its holdings in The Hackett Group by 122.9% during the 3rd quarter. Millennium Management LLC now owns 807,457 shares of the business services provider's stock valued at $15,350,000 after acquiring an additional 445,267 shares during the period. UBS Group AG lifted its position in shares of The Hackett Group by 207.4% during the fourth quarter. UBS Group AG now owns 411,992 shares of the business services provider's stock worth $8,087,000 after acquiring an additional 277,987 shares in the last quarter. Weber Capital Management LLC ADV bought a new position in shares of The Hackett Group in the fourth quarter worth $4,587,000. Finally, Goldman Sachs Group Inc. grew its position in shares of The Hackett Group by 123.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 401,972 shares of the business services provider's stock valued at $7,891,000 after purchasing an additional 222,065 shares in the last quarter. Institutional investors own 78.12% of the company's stock.

The Hackett Group Company Profile

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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