The Hackett Group (NASDAQ:HCKT) Receives Outperform Rating from Barrington Research

The Hackett Group (NASDAQ:HCKT)‘s stock had its “outperform” rating reiterated by equities researchers at Barrington Research in a report issued on Thursday,Benzinga reports. They currently have a $17.00 price objective on the business services provider’s stock. Barrington Research’s price objective would indicate a potential upside of 22.74% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. Zacks Research upgraded The Hackett Group from a “strong sell” rating to a “hold” rating in a research note on Monday. Wall Street Zen upgraded The Hackett Group from a “hold” rating to a “buy” rating in a research note on Saturday, March 21st. Roth Mkm set a $24.00 price objective on The Hackett Group in a research note on Wednesday, February 18th. Finally, Weiss Ratings cut The Hackett Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, April 8th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $20.50.

The Hackett Group Trading Down 0.7%

The Hackett Group stock opened at $13.85 on Thursday. The stock has a 50-day moving average of $13.57 and a two-hundred day moving average of $17.05. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.72 and a current ratio of 1.72. The Hackett Group has a one year low of $12.19 and a one year high of $26.76. The stock has a market cap of $349.30 million, a PE ratio of 29.47, a price-to-earnings-growth ratio of 0.92 and a beta of 1.04.

Institutional Trading of The Hackett Group

Several hedge funds and other institutional investors have recently bought and sold shares of HCKT. Royce & Associates LP grew its holdings in The Hackett Group by 44.1% during the third quarter. Royce & Associates LP now owns 2,581,331 shares of the business services provider’s stock worth $49,071,000 after acquiring an additional 790,522 shares during the period. Millennium Management LLC grew its holdings in The Hackett Group by 122.9% during the third quarter. Millennium Management LLC now owns 807,457 shares of the business services provider’s stock worth $15,350,000 after acquiring an additional 445,267 shares during the period. UBS Group AG grew its holdings in The Hackett Group by 207.4% during the fourth quarter. UBS Group AG now owns 411,992 shares of the business services provider’s stock worth $8,087,000 after acquiring an additional 277,987 shares during the period. Weber Capital Management LLC ADV acquired a new stake in The Hackett Group during the fourth quarter worth about $4,587,000. Finally, Goldman Sachs Group Inc. grew its holdings in The Hackett Group by 123.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 401,972 shares of the business services provider’s stock worth $7,891,000 after acquiring an additional 222,065 shares during the period. 78.12% of the stock is 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.