The Hackett Group (NASDAQ:HCKT - Get Free Report)'s stock had its "outperform" rating reiterated by analysts at Barrington Research in a report issued on Thursday,Benzinga reports. They currently have a $32.00 target price on the business services provider's stock. Barrington Research's price target would indicate a potential upside of 37.22% from the company's current price.
Separately, Wall Street Zen raised The Hackett Group from a "hold" rating to a "buy" rating in a report on Sunday, July 13th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $31.33.
Check Out Our Latest Research Report on HCKT
The Hackett Group Stock Down 1.8%
Shares of HCKT traded down $0.43 during midday trading on Thursday, reaching $23.32. 382,886 shares of the company were exchanged, compared to its average volume of 135,348. The stock has a 50-day moving average price of $24.85 and a 200-day moving average price of $27.43. The company has a market cap of $645.03 million, a price-to-earnings ratio of 27.44, a P/E/G ratio of 1.36 and a beta of 0.95. The Hackett Group has a 1-year low of $21.44 and a 1-year high of $34.02. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.16.
Institutional Investors Weigh In On The Hackett Group
A number of institutional investors and hedge funds have recently modified their holdings of HCKT. Nuveen LLC purchased a new stake in shares of The Hackett Group in the first quarter valued at $3,241,000. Invesco Ltd. lifted its holdings in shares of The Hackett Group by 151.7% in the first quarter. Invesco Ltd. now owns 126,874 shares of the business services provider's stock valued at $3,707,000 after purchasing an additional 76,460 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of The Hackett Group by 56.2% in the fourth quarter. JPMorgan Chase & Co. now owns 154,492 shares of the business services provider's stock valued at $4,746,000 after purchasing an additional 55,608 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of The Hackett Group in the first quarter valued at $1,379,000. Finally, Russell Investments Group Ltd. increased its stake in shares of The Hackett Group by 21.8% in the first quarter. Russell Investments Group Ltd. now owns 249,033 shares of the business services provider's stock worth $7,277,000 after acquiring an additional 44,493 shares during the last quarter. Institutional investors and hedge funds own 78.12% of the company's stock.
The Hackett Group Company Profile
(
Get Free Report)
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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