BidaskClub upgraded shares of The Hackett Group (NASDAQ:HCKT) from a sell rating to a hold rating in a report released on Monday.
Several other analysts have also recently issued reports on the company. Zacks Investment Research cut The Hackett Group from a hold rating to a sell rating in a report on Tuesday, January 16th. SunTrust Banks restated a buy rating and issued a $17.00 target price on shares of The Hackett Group in a report on Friday, November 10th. Finally, Roth Capital upgraded The Hackett Group from a neutral rating to a buy rating and upped their target price for the company from $16.00 to $20.00 in a report on Thursday, November 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The Hackett Group presently has an average rating of Hold and a consensus target price of $18.33.
The Hackett Group (NASDAQ:HCKT) opened at $15.14 on Monday. The Hackett Group has a 52 week low of $13.24 and a 52 week high of $20.69. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $440.73, a price-to-earnings ratio of 20.51, a P/E/G ratio of 1.13 and a beta of 0.82.
The Hackett Group (NASDAQ:HCKT) last issued its earnings results on Tuesday, November 7th. The business services provider reported $0.26 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.01. The company had revenue of $71.50 million during the quarter, compared to analysts’ expectations of $70.66 million. The Hackett Group had a return on equity of 26.10% and a net margin of 8.42%. The firm’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.25 EPS. equities analysts predict that The Hackett Group will post 0.81 earnings per share for the current year.
A number of large investors have recently modified their holdings of HCKT. Cornerstone Capital Management Holdings LLC. grew its holdings in The Hackett Group by 104.6% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 6,700 shares of the business services provider’s stock valued at $101,000 after buying an additional 3,426 shares in the last quarter. Mountain Capital Investment Advisors Inc purchased a new stake in The Hackett Group in the 2nd quarter valued at $124,000. Voya Investment Management LLC purchased a new stake in The Hackett Group in the 2nd quarter valued at $175,000. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in The Hackett Group in the 3rd quarter valued at $243,000. Finally, The Manufacturers Life Insurance Company grew its holdings in The Hackett Group by 8.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,385 shares of the business services provider’s stock valued at $301,000 after buying an additional 1,549 shares in the last quarter. Institutional investors own 79.27% of the company’s stock.
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About The Hackett Group
The Hackett Group, Inc is an advisory and technology consulting company. The Company’s services include business transformation, enterprise performance management, working capital management and global business services. The Company is engaged in providing business and technology consulting services.
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