The Hackett Group (NASDAQ:HCKT) received a $22.00 price target from stock analysts at Barrington Research in a research report issued to clients and investors on Friday. The brokerage presently has a “buy” rating on the business services provider’s stock. Barrington Research’s target price would indicate a potential upside of 38.45% from the stock’s previous close.
A number of other research analysts also recently issued reports on the company. Zacks Investment Research raised The Hackett Group from a “sell” rating to a “hold” rating in a report on Monday, February 26th. BidaskClub downgraded The Hackett Group from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. Finally, SunTrust Banks reissued a “buy” rating on shares of The Hackett Group in a report on Friday, February 23rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $19.25.
Shares of NASDAQ:HCKT opened at $15.89 on Friday. The Hackett Group has a 12-month low of $13.24 and a 12-month high of $20.35. The company has a market capitalization of $464.70, a price-to-earnings ratio of 21.19, a P/E/G ratio of 1.14 and a beta of 0.79. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.46 and a quick ratio of 1.46.
The Hackett Group (NASDAQ:HCKT) last announced its quarterly earnings results on Tuesday, February 20th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.01. The Hackett Group had a return on equity of 24.81% and a net margin of 9.57%. The company had revenue of $69.40 million during the quarter, compared to the consensus estimate of $67.48 million. During the same period in the previous year, the company posted $0.26 earnings per share. The Hackett Group’s revenue for the quarter was down .9% on a year-over-year basis. sell-side analysts anticipate that The Hackett Group will post 0.93 EPS for the current year.
A number of large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its stake in shares of The Hackett Group by 0.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,712,185 shares of the business services provider’s stock worth $26,008,000 after buying an additional 4,823 shares during the period. Hosking Partners LLP raised its stake in shares of The Hackett Group by 7.6% during the 4th quarter. Hosking Partners LLP now owns 1,218,066 shares of the business services provider’s stock worth $19,136,000 after buying an additional 85,789 shares during the period. Wasatch Advisors Inc. raised its stake in shares of The Hackett Group by 108.4% during the 4th quarter. Wasatch Advisors Inc. now owns 958,191 shares of the business services provider’s stock worth $15,053,000 after buying an additional 498,305 shares during the period. LSV Asset Management raised its stake in shares of The Hackett Group by 176.6% during the 4th quarter. LSV Asset Management now owns 660,308 shares of the business services provider’s stock worth $10,373,000 after buying an additional 421,604 shares during the period. Finally, Boston Partners raised its stake in shares of The Hackett Group by 7.1% during the 4th quarter. Boston Partners now owns 584,122 shares of the business services provider’s stock worth $9,177,000 after buying an additional 38,640 shares during the period. 77.38% of the stock is owned by institutional investors.
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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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