The Hackett Group (NASDAQ:HCKT – Get Free Report) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Tuesday,Zacks.com reports.
A number of other equities research analysts have also commented on HCKT. Roth Capital set a $17.00 price objective on shares of The Hackett Group in a report on Wednesday, May 6th. Barrington Research reduced their target price on shares of The Hackett Group from $17.00 to $16.00 and set an “outperform” rating for the company in a research note on Wednesday, May 6th. Wall Street Zen cut The Hackett Group from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of The Hackett Group in a research note on Monday, July 6th. One equities research analyst has rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, The Hackett Group currently has an average rating of “Reduce” and an average price target of $16.50.
Get Our Latest Stock Analysis on The Hackett Group
The Hackett Group Price Performance
The Hackett Group (NASDAQ:HCKT – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The business services provider reported $0.34 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.34. The firm had revenue of $69.33 million for the quarter, compared to analyst estimates of $68.80 million. The Hackett Group had a net margin of 5.86% and a return on equity of 34.77%. The Hackett Group has set its Q3 2026 guidance at 0.370-0.390 EPS. Analysts anticipate that The Hackett Group will post 1.17 earnings per share for the current fiscal year.
Hedge Funds Weigh In On The Hackett Group
Several hedge funds have recently modified their holdings of the stock. Weber Capital Management LLC ADV acquired a new stake in shares of The Hackett Group in the second quarter valued at about $2,430,391,000. BlackRock Inc. acquired a new position in The Hackett Group during the second quarter valued at approximately $18,957,000. Deutsche Bank AG acquired a new position in The Hackett Group during the second quarter valued at approximately $207,000. Bank of New York Mellon Corp bought a new position in The Hackett Group in the second quarter valued at approximately $941,000. Finally, State of Wyoming acquired a new position in shares of The Hackett Group during the 2nd quarter worth approximately $125,000. Institutional investors own 78.12% of the company’s stock.
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.
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