The Hackett Group’s (HCKT) Outperform Rating Reiterated at Barrington Research

The Hackett Group (NASDAQ:HCKT)‘s stock had its “outperform” rating reissued by Barrington Research in a research report issued to clients and investors on Friday,Benzinga reports. They currently have a $36.00 target price on the business services provider’s stock. Barrington Research’s target price would indicate a potential upside of 36.67% from the stock’s previous close.

Separately, StockNews.com cut shares of The Hackett Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $32.67.

The Hackett Group Trading Down 2.1 %

Shares of NASDAQ:HCKT opened at $26.34 on Friday. The company’s fifty day simple moving average is $29.46 and its 200 day simple moving average is $29.26. The Hackett Group has a 12 month low of $20.23 and a 12 month high of $34.02. The firm has a market cap of $732.01 million, a price-to-earnings ratio of 24.85, a PEG ratio of 1.53 and a beta of 0.98. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.18.

The Hackett Group (NASDAQ:HCKT) last announced its quarterly earnings results on Tuesday, February 18th. The business services provider reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.06). The business had revenue of $77.46 million for the quarter, compared to analyst estimates 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, research analysts forecast that The Hackett Group will post 1.43 EPS for the current fiscal year.

Hedge Funds Weigh In On The Hackett Group

Several large investors have recently bought and sold shares of the stock. Versant Capital Management Inc grew its position in The Hackett Group by 353.1% in the 4th quarter. Versant Capital Management Inc now owns 947 shares of the business services provider’s stock worth $29,000 after purchasing an additional 738 shares in the last quarter. Quantbot Technologies LP grew its holdings in shares of The Hackett Group by 52.5% in the fourth quarter. Quantbot Technologies LP now owns 4,180 shares of the business services provider’s stock valued at $128,000 after acquiring an additional 1,439 shares in the last quarter. Longboard Asset Management LP bought a new position in shares of The Hackett Group in the fourth quarter valued at approximately $207,000. ProShare Advisors LLC purchased a new stake in shares of The Hackett Group during the fourth quarter valued at approximately $219,000. Finally, Arizona State Retirement System bought a new stake in The Hackett Group during the fourth quarter worth $221,000. 78.12% of the stock is currently 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.