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

The Hackett Group (NASDAQ:HCKT - Get Free Report)'s stock had its "outperform" rating reaffirmed by Barrington Research in a research report issued to clients and investors on Tuesday,Benzinga reports. They currently have a $36.00 price objective on the business services provider's stock. Barrington Research's price target points to a potential upside of 36.78% from the stock's previous close.

Separately, StockNews.com downgraded The Hackett Group from a "strong-buy" rating to a "buy" rating in a report on Thursday, April 24th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $32.67.

The Hackett Group Stock Performance

The Hackett Group stock traded up $0.66 during midday trading on Tuesday, reaching $26.32. 109,714 shares of the company's stock were exchanged, compared to its average volume of 112,296. The stock's 50-day simple moving average is $27.67 and its 200 day simple moving average is $29.27. The firm has a market cap of $727.67 million, a price-to-earnings ratio of 24.83, a P/E/G ratio of 1.53 and a beta of 0.96. 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 Hackett Group has a 52 week low of $20.23 and a 52 week high of $34.02.

The Hackett Group (NASDAQ:HCKT - Get Free Report) last announced its 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 company had revenue of $77.46 million for the quarter, compared to the consensus estimate of $75.64 million. The Hackett Group had a return on equity of 36.40% and a net margin of 9.44%. On average, analysts expect that The Hackett Group will post 1.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On The Hackett Group

Several hedge funds and other institutional investors have recently made changes to their positions in HCKT. Vanguard Group Inc. grew its holdings in The Hackett Group by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 2,186,611 shares of the business services provider's stock worth $67,173,000 after buying an additional 16,682 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of The Hackett Group by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 716,072 shares of the business services provider's stock worth $22,002,000 after acquiring an additional 15,819 shares in the last quarter. Boston Partners raised its holdings in shares of The Hackett Group by 2.9% in the fourth quarter. Boston Partners now owns 525,435 shares of the business services provider's stock valued at $16,086,000 after purchasing an additional 14,676 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of The Hackett Group by 5.2% during the fourth quarter. Wellington Management Group LLP now owns 393,291 shares of the business services provider's stock valued at $12,082,000 after purchasing an additional 19,300 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in The Hackett Group by 1.7% during the fourth quarter. Wells Fargo & Company MN now owns 322,655 shares of the business services provider's stock worth $9,912,000 after purchasing an additional 5,459 shares during the last quarter. 78.12% of the stock is owned by institutional investors.

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.