BidaskClub downgraded shares of The Hackett Group (NASDAQ:HCKT) from a hold rating to a sell rating in a research report released on Wednesday.
A number of other analysts have also issued reports on HCKT. SunTrust Banks reaffirmed a buy rating on shares of The Hackett Group in a research report on Friday, February 23rd. Zacks Investment Research lowered The Hackett Group from a hold rating to a sell rating in a research report on Tuesday, January 16th. One equities 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 company’s stock. The company has a consensus rating of Hold and an average target price of $19.25.
NASDAQ:HCKT opened at $15.89 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.46 and a current ratio of 1.46. The Hackett Group has a 12 month low of $13.24 and a 12 month high of $20.35. The stock has a market capitalization of $476.40, a price-to-earnings ratio of 21.72, a P/E/G ratio of 1.17 and a beta of 0.79.
The Hackett Group (NASDAQ:HCKT) last released its quarterly earnings data on Tuesday, February 20th. The business services provider reported $0.27 EPS for the quarter, beating the 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 for the quarter, compared to analyst estimates of $67.48 million. During the same period last year, the company posted $0.26 earnings per share. The firm’s revenue was down .9% compared to the same quarter last year. equities research analysts anticipate that The Hackett Group will post 0.93 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Grandeur Peak Global Advisors LLC increased its position in shares of The Hackett Group by 10.1% during the fourth quarter. Grandeur Peak Global Advisors LLC now owns 262,475 shares of the business services provider’s stock worth $4,123,000 after acquiring an additional 23,975 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new stake in shares of The Hackett Group during the fourth quarter worth about $609,000. MetLife Investment Advisors LLC purchased a new stake in shares of The Hackett Group during the fourth quarter worth about $175,000. Municipal Employees Retirement System of Michigan acquired a new position in The Hackett Group in the fourth quarter worth about $562,000. Finally, Millennium Management LLC grew its stake in The Hackett Group by 34.7% in the fourth quarter. Millennium Management LLC now owns 123,785 shares of the business services provider’s stock worth $1,945,000 after purchasing an additional 31,913 shares in the last quarter. 77.38% of the stock is currently owned by institutional investors and hedge funds.
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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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