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

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

Separately, Barrington Research cut their target price on The Hackett Group from $36.00 to $32.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $31.33.

The Hackett Group Stock Performance

Shares of HCKT stock opened at $24.66 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.59 and a quick ratio of 1.59. The company's fifty day moving average price is $24.98 and its two-hundred day moving average price is $27.67. The firm has a market capitalization of $682.10 million, a P/E ratio of 29.01, a P/E/G ratio of 1.44 and a beta of 0.95. The Hackett Group has a 12 month low of $21.44 and a 12 month high of $34.02.

Institutional Trading of The Hackett Group

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Versant Capital Management Inc grew its position in shares of The Hackett Group by 48.9% in the 1st quarter. Versant Capital Management Inc now owns 1,410 shares of the business services provider's stock worth $41,000 after acquiring an additional 463 shares in the last quarter. Quantbot Technologies LP lifted its stake in 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 worth $128,000 after purchasing an additional 1,439 shares during the last quarter. AlphaQuest LLC lifted its stake in The Hackett Group by 60.5% during the first quarter. AlphaQuest LLC now owns 4,804 shares of the business services provider's stock worth $140,000 after purchasing an additional 1,810 shares during the last quarter. ProShare Advisors LLC acquired a new position in The Hackett Group in the fourth quarter worth $219,000. Finally, Arizona State Retirement System bought a new stake in The Hackett Group during the fourth quarter valued at $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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.