The Hackett Group (NASDAQ:HCKT) Cut to "Buy" at StockNews.com

The Hackett Group (NASDAQ:HCKT - Get Free Report) was downgraded by StockNews.com from a "strong-buy" rating to a "buy" rating in a research note issued to investors on Thursday.

Separately, Barrington Research reiterated an "outperform" rating and issued a $36.00 price objective on shares of The Hackett Group in a research report on Friday, April 11th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $32.67.

The Hackett Group Stock Performance

NASDAQ HCKT traded up $0.43 on Thursday, hitting $25.77. 168,358 shares of the stock traded hands, compared to its average volume of 111,754. The business's fifty day moving average is $27.94 and its two-hundred day moving average is $29.27. The Hackett Group has a 12 month low of $20.23 and a 12 month high of $34.02. The firm has a market capitalization of $712.46 million, a price-to-earnings ratio of 24.31, a PEG ratio of 1.53 and a beta of 0.98. 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 (NASDAQ:HCKT - Get Free Report) last posted its earnings results on Tuesday, February 18th. The business services provider reported $0.35 earnings per share (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 analysts' expectations of $75.64 million. The Hackett Group had a return on equity of 36.40% and a net margin of 9.44%. As a group, equities analysts anticipate that The Hackett Group will post 1.43 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Versant Capital Management Inc grew its stake in shares of The Hackett Group by 353.1% during the fourth quarter. Versant Capital Management Inc now owns 947 shares of the business services provider's stock valued at $29,000 after buying an additional 738 shares during the last quarter. Quantbot Technologies LP grew its stake in shares of The Hackett Group by 52.5% during the fourth quarter. Quantbot Technologies LP now owns 4,180 shares of the business services provider's stock valued at $128,000 after buying an additional 1,439 shares during the last quarter. Longboard Asset Management LP bought a new position in shares of The Hackett Group during the fourth quarter valued at about $207,000. ProShare Advisors LLC bought a new position in shares of The Hackett Group during the fourth quarter valued at about $219,000. Finally, Arizona State Retirement System bought a new position in shares of The Hackett Group during the fourth quarter valued at about $221,000. 78.12% of the stock is owned by institutional investors.

About The Hackett Group

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.