The Hackett Group (NASDAQ:HCKT) Sets New 52-Week Low – Here’s What Happened

The Hackett Group, Inc. (NASDAQ:HCKT)’s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as $16.90 and last traded at $17.04, with a volume of 232489 shares changing hands. The stock had previously closed at $18.70.

Analysts Set New Price Targets

A number of research firms recently issued reports on HCKT. Barrington Research reissued an “outperform” rating and set a $27.00 price objective on shares of The Hackett Group in a research report on Monday, October 27th. Weiss Ratings raised The Hackett Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, January 12th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $27.00.

The Hackett Group Trading Down 8.9%

The company has a fifty day simple moving average of $19.59 and a two-hundred day simple moving average of $19.85. The company has a market capitalization of $462.30 million, a P/E ratio of 44.84, a price-to-earnings-growth ratio of 1.18 and a beta of 1.03. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.88 and a quick ratio of 1.88.

The Hackett Group (NASDAQ:HCKT) last issued its quarterly earnings data on Tuesday, November 4th. The business services provider reported $0.37 EPS for the quarter, meeting analysts’ consensus estimates of $0.37. The Hackett Group had a return on equity of 23.20% and a net margin of 3.53%.The business had revenue of $73.10 million for the quarter, compared to analyst estimates of $74.82 million. On average, analysts forecast that The Hackett Group, Inc. will post 1.43 earnings per share for the current fiscal year.

Institutional Trading of The Hackett Group

A number of institutional investors and hedge funds have recently modified their holdings of HCKT. Royal Bank of Canada boosted its holdings in shares of The Hackett Group by 253.5% during the 1st quarter. Royal Bank of Canada now owns 32,776 shares of the business services provider’s stock worth $957,000 after buying an additional 23,503 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in The Hackett Group by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,007 shares of the business services provider’s stock valued at $439,000 after acquiring an additional 614 shares during the period. Jane Street Group LLC acquired a new stake in shares of The Hackett Group in the first quarter valued at about $1,379,000. Hennessy Advisors Inc. bought a new position in shares of The Hackett Group in the second quarter worth about $91,000. Finally, Allianz Asset Management GmbH lifted its position in shares of The Hackett Group by 30.6% during the 2nd quarter. Allianz Asset Management GmbH now owns 76,000 shares of the business services provider’s stock worth $1,932,000 after purchasing an additional 17,800 shares during the last quarter. 78.12% of the stock is currently owned by institutional investors and hedge funds.

The Hackett Group Company Profile

The Hackett Group is a global strategic advisory firm specializing in business transformation, benchmarking and research. Leveraging a proprietary data repository and the Hackett Methodology®, the company helps organizations optimize performance across enterprise functions. Its advisory services span digital transformation, process optimization and operational excellence, enabling clients to identify best practices, streamline workflows and achieve sustainable cost savings.

Through detailed benchmarking studies and industry research, The Hackett Group delivers actionable insights into finance, procurement, human resources, information technology and supply chain management.