The Hackett Group (NASDAQ:HCKT) Raised to "Buy" at Wall Street Zen

Key Points

• Wall Street Zen upgraded The Hackett Group (NASDAQ:HCKT) from a "hold" to a "buy" rating.
• Analyst sentiment remains mixed—one Buy vs. two Sell ratings—with MarketBeat showing an average rating of "Reduce" and an average price target of $20.50, alongside recent downgrades and target cuts from Barrington, Zacks and Weiss.
• Shares opened at $13.18, trade in a 52‑week range of $12.76–$29.51, have a market cap of $334.5M and a P/E of 28.04, and are roughly 78.12% owned by institutional investors.

The Hackett Group (NASDAQ:HCKT - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a note issued to investors on Saturday.

HCKT has been the topic of a number of other research reports. Barrington Research dropped their target price on The Hackett Group from $27.00 to $17.00 and set an "outperform" rating on the stock in a report on Wednesday, February 18th. Roth Mkm set a $24.00 price target on The Hackett Group in a report on Wednesday, February 18th. Zacks Research lowered shares of The Hackett Group from a "hold" rating to a "strong sell" rating in a research report on Friday, February 20th. Finally, Weiss Ratings cut shares of The Hackett Group from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Wednesday, March 11th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to MarketBeat, The Hackett Group has an average rating of "Reduce" and an average price target of $20.50.

The Hackett Group Price Performance

Shares of HCKT opened at $13.18 on Friday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.72 and a current ratio of 1.72. The Hackett Group has a fifty-two week low of $12.76 and a fifty-two week high of $29.51. The firm has a 50-day simple moving average of $16.00 and a 200-day simple moving average of $18.18. The company has a market capitalization of $334.51 million, a price-to-earnings ratio of 28.04, a price-to-earnings-growth ratio of 0.88 and a beta of 1.05.

Institutional Investors Weigh In On The Hackett Group

Institutional investors have recently modified their holdings of the company. Huntington National Bank grew its holdings in shares of The Hackett Group by 147.7% in the 3rd quarter. Huntington National Bank now owns 1,635 shares of the business services provider's stock worth $31,000 after acquiring an additional 975 shares during the period. MAI Capital Management raised its holdings in The Hackett Group by 98.4% during the third quarter. MAI Capital Management now owns 1,730 shares of the business services provider's stock worth $33,000 after purchasing an additional 858 shares during the last quarter. Quadrant Capital Group LLC purchased a new stake in The Hackett Group during the fourth quarter worth $41,000. Danske Bank A S purchased a new stake in The Hackett Group during the fourth quarter worth $49,000. Finally, Copeland Capital Management LLC grew its holdings in The Hackett Group by 28.3% in the third quarter. Copeland Capital Management LLC now owns 3,299 shares of the business services provider's stock valued at $63,000 after purchasing an additional 727 shares during the last quarter. Hedge funds and other institutional investors own 78.12% of the company's stock.

About The Hackett Group

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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