The Hackett Group (NASDAQ:HCKT) has been given a $22.00 price target by analysts at Barrington Research in a report released on Monday, May 7th. The brokerage presently has a “buy” rating on the business services provider’s stock. Barrington Research’s price objective suggests a potential upside of 35.55% from the company’s previous close.
A number of other research analysts have also weighed in on HCKT. Zacks Investment Research lowered The Hackett Group from a “hold” rating to a “sell” rating in a report on Tuesday, January 16th. BidaskClub raised The Hackett Group from a “sell” rating to a “hold” rating in a report on Monday, February 5th. SunTrust Banks reaffirmed a “buy” rating on shares of The Hackett Group in a report on Friday, February 23rd. Finally, ValuEngine lowered The Hackett Group from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $19.25.
Shares of The Hackett Group opened at $16.23 on Monday, MarketBeat.com reports. The Hackett Group has a 1-year low of $15.99 and a 1-year high of $16.10. The firm has a market cap of $473.78 million, a P/E ratio of 20.65, a price-to-earnings-growth ratio of 1.18 and a beta of 0.79. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.16.
The Hackett Group (NASDAQ:HCKT) last announced its quarterly earnings data on Tuesday, May 8th. The business services provider reported $0.26 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.26. The Hackett Group had a return on equity of 24.35% and a net margin of 9.35%. The firm had revenue of $72.70 million for the quarter, compared to analyst estimates of $72.03 million. During the same quarter in the prior year, the company posted $0.23 earnings per share. The Hackett Group’s quarterly revenue was up 1.8% on a year-over-year basis. equities analysts predict that The Hackett Group will post 0.91 EPS for the current fiscal year.
Institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new stake in The Hackett Group in the first quarter valued at $162,000. Mackay Shields LLC acquired a new stake in The Hackett Group in the first quarter valued at $164,000. MetLife Investment Advisors LLC acquired a new stake in The Hackett Group in the fourth quarter valued at $175,000. Ramsey Quantitative Systems acquired a new stake in The Hackett Group in the fourth quarter valued at $185,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in The Hackett Group in the first quarter valued at $210,000. 78.64% of the stock is currently owned by institutional investors.
About The Hackett Group
The Hackett Group, Inc operates as a strategic advisory and technology consulting firm primarily in North America and European countries. Its executive advisory programs include best practice intelligence center, an online searchable repository of best practices, performance metrics, conference presentations, and associated research; best practice accelerators that provide Web based access to best practices, customized software configuration tools, and best practice process flows; advisor inquiry, an inquiry service used by clients for access to fact-based advice on proven approaches and methods; best practice research, a research that provides insights into the proven approaches; and peer interaction comprising member-led Webcasts, annual best practice conferences, annual member forums, membership performance surveys, and client-submitted content.
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