The Hackett Group (NASDAQ:HCKT) Price Target Raised to $32.00

The Hackett Group (NASDAQ:HCKT) had its target price increased by Craig Hallum from $30.00 to $32.00 in a research report report published on Tuesday morning, Benzinga reports. The firm currently has a buy rating on the business services provider’s stock.

A number of other brokerages have also weighed in on HCKT. Roth Capital lowered shares of The Hackett Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 7th. Barrington Research reaffirmed an “outperform” rating and issued a $28.00 price target on shares of The Hackett Group in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $30.00.

The Hackett Group Stock Up 17.5 %

HCKT stock opened at $28.62 on Tuesday. The Hackett Group has a one year low of $20.23 and a one year high of $28.68. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.71 and a current ratio of 1.71. The firm’s fifty day moving average is $25.68 and its 200 day moving average is $24.00. The firm has a market cap 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 Hackett Group (NASDAQ:HCKT) last released its quarterly earnings results on Tuesday, August 6th. The business services provider reported $0.31 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.31. The firm had revenue of $75.90 million for the quarter, compared to analysts’ expectations of $74.16 million. The Hackett Group had a net margin of 11.46% and a return on equity of 38.20%. On average, research analysts forecast that The Hackett Group will post 1.28 EPS for the current year.

Institutional Trading of The Hackett Group

Several large investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of The Hackett Group by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 1,995,053 shares of the business services provider’s stock worth $48,480,000 after acquiring an additional 61,635 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of The Hackett Group by 0.6% in the second quarter. Renaissance Technologies LLC now owns 1,053,446 shares of the business services provider’s stock valued at $22,881,000 after purchasing an additional 6,600 shares during the period. Earnest Partners LLC increased its position in The Hackett Group by 13.1% during the first quarter. Earnest Partners LLC now owns 488,606 shares of the business services provider’s stock worth $11,873,000 after purchasing an additional 56,635 shares during the last quarter. Harbor Capital Advisors Inc. raised its stake in The Hackett Group by 150.2% during the third quarter. Harbor Capital Advisors Inc. now owns 251,489 shares of the business services provider’s stock worth $6,607,000 after purchasing an additional 150,962 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in The Hackett Group by 4.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 244,516 shares of the business services provider’s stock valued at $5,311,000 after purchasing an additional 10,725 shares during the last quarter. Hedge funds and other institutional investors own 78.12% of the company’s stock.

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.