The Hackett Group (NASDAQ:HCKT) Given "Hold (C-)" Rating at Weiss Ratings

Key Points

• The Hackett Group's stock has been given a **"hold (C-)" rating** by Weiss Ratings, with recent reports also downgrading their stock status.
• The current average rating for The Hackett Group is **"Moderate Buy"** with a consensus price target of **$29.67**.
• Institutional investors hold **78.12%** of the company's stock, with several increasing their stakes significantly in the second quarter.

The Hackett Group (NASDAQ:HCKT - Get Free Report)'s stock had its "hold (c-)" rating restated by research analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

HCKT has been the subject of several other research reports. Wall Street Zen downgraded shares of The Hackett Group from a "buy" rating to a "hold" rating in a research report on Monday, July 21st. Barrington Research reissued an "outperform" rating and issued a $27.00 target price on shares of The Hackett Group in a research report on Thursday, September 4th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, The Hackett Group presently has an average rating of "Moderate Buy" and a consensus price target of $29.67.

The Hackett Group Stock Performance

Shares of HCKT stock opened at $19.13 on Wednesday. The Hackett Group has a 12 month low of $18.74 and a 12 month high of $34.02. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.71 and a quick ratio of 1.71. The firm has a market capitalization of $526.27 million, a P/E ratio of 31.88, a P/E/G ratio of 1.32 and a beta of 0.97. The company's fifty day moving average price is $20.49 and its two-hundred day moving average price is $23.72.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. State of Wyoming grew its position in The Hackett Group by 15.9% in the 2nd quarter. State of Wyoming now owns 12,816 shares of the business services provider's stock worth $326,000 after purchasing an additional 1,755 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of The Hackett Group by 566.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,703 shares of the business services provider's stock worth $145,000 after acquiring an additional 4,847 shares during the period. BNP Paribas Financial Markets lifted its stake in The Hackett Group by 87.1% during the second quarter. BNP Paribas Financial Markets now owns 72,945 shares of the business services provider's stock valued at $1,854,000 after purchasing an additional 33,967 shares during the last quarter. Brevan Howard Capital Management LP acquired a new stake in The Hackett Group during the second quarter valued at approximately $549,000. Finally, Jane Street Group LLC lifted its stake in The Hackett Group by 103.0% during the second quarter. Jane Street Group LLC now owns 95,806 shares of the business services provider's stock valued at $2,435,000 after purchasing an additional 48,612 shares during the last quarter. Institutional investors 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.

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