Barrington Research Begins Coverage on The Hackett Group Inc. (HCKT)
Barrington Research assumed coverage on shares of The Hackett Group Inc. (NASDAQ:HCKT) in a report issued on Monday, The Fly reports. The firm set an “outperform” rating on the stock.
Separately, Zacks Investment Research upgraded The Hackett Group from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a report on Tuesday, August 16th.
Shares of The Hackett Group (NASDAQ:HCKT) opened at 15.94 on Monday. The company has a market cap of $455.20 million, a P/E ratio of 31.25 and a beta of 0.96. The Hackett Group has a 12 month low of $12.44 and a 12 month high of $20.02. The firm has a 50 day moving average price of $16.33 and a 200-day moving average price of $15.03.
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The Hackett Group (NASDAQ:HCKT) last issued its quarterly earnings results on Tuesday, August 9th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. The company had revenue of $75.61 million for the quarter, compared to analyst estimates of $72.08 million. The Hackett Group had a return on equity of 20.00% and a net margin of 6.09%. The company’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.19 earnings per share. Analysts anticipate that The Hackett Group will post $0.90 earnings per share for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the stock. Acrospire Investment Management LLC increased its stake in The Hackett Group by 71.0% in the second quarter. Acrospire Investment Management LLC now owns 8,672 shares of the company’s stock worth $120,000 after buying an additional 3,600 shares in the last quarter. Walleye Trading LLC increased its stake in The Hackett Group by 142.9% in the second quarter. Walleye Trading LLC now owns 10,200 shares of the company’s stock worth $141,000 after buying an additional 6,000 shares in the last quarter. BlackRock Group LTD increased its stake in The Hackett Group by 44.1% in the second quarter. BlackRock Group LTD now owns 10,304 shares of the company’s stock worth $143,000 after buying an additional 3,151 shares in the last quarter. BlackRock Inc. increased its stake in The Hackett Group by 623.7% in the second quarter. BlackRock Inc. now owns 11,826 shares of the company’s stock worth $164,000 after buying an additional 10,192 shares in the last quarter. Finally, Navellier & Associates Inc increased its stake in The Hackett Group by 10.0% in the second quarter. Navellier & Associates Inc now owns 12,130 shares of the company’s stock worth $168,000 after buying an additional 1,099 shares in the last quarter. 75.65% of the stock is currently owned by institutional investors and hedge funds.
About The Hackett Group
The Hackett Group, Inc is an advisory and technology consulting company. The Company’s services include business transformation, enterprise performance management, working capital management and global business services. The Company is engaged in providing business and technology consulting services.
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