The Hackett Group (NASDAQ:HCKT) Given New $30.00 Price Target at Roth Mkm

The Hackett Group (NASDAQ:HCKT) had its target price upped by Roth Mkm from $29.00 to $30.00 in a research report released on Tuesday morning, Benzinga reports. The firm currently has a buy rating on the business services provider’s stock.

Several other research firms have also commented on HCKT. Roth Capital lowered The Hackett Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 7th. Craig Hallum raised their price objective on shares of The Hackett Group from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Barrington Research reissued an “outperform” rating and set a $28.00 price target on shares of The Hackett Group in a report on Tuesday. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $30.00.

The Hackett Group Trading Up 17.5 %

NASDAQ HCKT opened at $28.62 on Tuesday. The Hackett Group has a 1 year low of $20.23 and a 1 year high of $28.68. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.71 and a quick ratio of 1.71. The company has a market capitalization of $791.26 million, a PE ratio of 22.90, a P/E/G ratio of 1.35 and a beta of 0.91. The company has a fifty day moving average of $25.68 and a 200 day moving average of $24.00.

The Hackett Group (NASDAQ:HCKT) last released its quarterly earnings data on Tuesday, August 6th. The business services provider reported $0.31 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.31. The business had revenue of $75.90 million during the quarter, compared to analyst estimates of $74.16 million. The Hackett Group had a return on equity of 38.20% and a net margin of 11.46%. Research analysts forecast that The Hackett Group will post 1.28 earnings per share for the current year.

Institutional Trading of The Hackett Group

A number of institutional investors and hedge funds have recently made changes to their positions in HCKT. BNP Paribas Financial Markets increased its holdings in The Hackett Group by 84.9% in the 1st quarter. BNP Paribas Financial Markets now owns 37,593 shares of the business services provider’s stock worth $914,000 after acquiring an additional 17,263 shares in the last quarter. Sei Investments Co. raised its position in shares of The Hackett Group by 2.6% during the 1st quarter. Sei Investments Co. now owns 55,142 shares of the business services provider’s stock worth $1,340,000 after purchasing an additional 1,411 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in The Hackett Group by 4.1% in the 1st quarter. Russell Investments Group Ltd. now owns 138,190 shares of the business services provider’s stock worth $3,358,000 after buying an additional 5,433 shares during the last quarter. Isthmus Partners LLC increased its stake in The Hackett Group by 38.6% during the 1st quarter. Isthmus Partners LLC now owns 162,432 shares of the business services provider’s stock worth $3,947,000 after buying an additional 45,201 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its holdings in shares of The Hackett Group by 20.6% during the first quarter. State Board of Administration of Florida Retirement System now owns 101,266 shares of the business services provider’s stock valued at $2,461,000 after acquiring an additional 17,278 shares during the last quarter. 78.12% of the stock is currently owned by hedge funds and other institutional investors.

About The Hackett Group

The Hackett Group, Inc operates as an intellectual property-based executive advisory, strategic consulting, and digital transformation company in the United States, Europe, and internationally. The company operates through three segments: Global Strategy & Business Transformation, Oracle Solutions, and SAP Solutions.