The Hackett Group's (HCKT) Outperform Rating Reiterated at Barrington Research

The Hackett Group (NASDAQ:HCKT - Get Free Report)'s stock had its "outperform" rating reiterated by equities researchers at Barrington Research in a research note issued on Tuesday,Benzinga reports. They currently have a $36.00 target price on the business services provider's stock. Barrington Research's price objective would suggest a potential upside of 36.78% from the stock's current price.

Separately, StockNews.com cut The Hackett Group from a "strong-buy" rating to a "buy" rating in a research report on Thursday, April 24th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, The Hackett Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $32.67.

The Hackett Group Stock Performance

Shares of HCKT stock traded up $0.66 on Tuesday, hitting $26.32. 109,714 shares of the stock traded hands, compared to its average volume of 112,174. The company's fifty day moving average is $27.75 and its 200 day moving average is $29.25. The Hackett Group has a 1-year low of $20.23 and a 1-year high of $34.02. The company has a market capitalization of $727.67 million, a PE ratio of 24.83, a PEG ratio of 1.53 and a beta of 0.96. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.51 and a quick ratio of 1.51.

The Hackett Group (NASDAQ:HCKT - Get Free Report) last issued its earnings results on Tuesday, February 18th. The business services provider reported $0.35 earnings per share for the quarter, missing analysts' consensus estimates 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 business had revenue of $77.46 million for the quarter, compared to analyst estimates of $75.64 million. On average, equities research analysts predict that The Hackett Group will post 1.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On The Hackett Group

A number of hedge funds have recently made changes to their positions in the business. Versant Capital Management Inc increased its position in The Hackett Group by 353.1% in the 4th quarter. Versant Capital Management Inc now owns 947 shares of the business services provider's stock valued at $29,000 after acquiring an additional 738 shares during the period. Quantbot Technologies LP grew its stake in shares of 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 worth $128,000 after purchasing an additional 1,439 shares in the last quarter. Longboard Asset Management LP acquired a new position in shares of The Hackett Group during the fourth quarter valued at $207,000. ProShare Advisors LLC bought a new stake in shares of The Hackett Group during the fourth quarter valued at about $219,000. Finally, Arizona State Retirement System acquired a new stake in The Hackett Group in the fourth quarter worth about $221,000. 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.