Barrington Research Reiterates “Outperform” Rating for The Hackett Group (NASDAQ:HCKT)

The Hackett Group (NASDAQ:HCKT)‘s stock had its “outperform” rating reiterated by research analysts at Barrington Research in a note issued to investors on Monday,Benzinga reports. They currently have a $17.00 target price on the business services provider’s stock. Barrington Research’s price target would indicate a potential upside of 33.44% from the stock’s previous close.

A number of other equities analysts also recently commented on HCKT. Zacks Research downgraded The Hackett Group from a “hold” rating to a “strong sell” rating in a research note on Friday, February 20th. Wall Street Zen raised The Hackett Group from a “hold” rating to a “buy” rating in a report on Saturday. Roth Mkm set a $24.00 target price on The Hackett Group in a research report on Wednesday, February 18th. Finally, Weiss Ratings downgraded The Hackett Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, March 11th. One analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $20.50.

The Hackett Group Trading Down 5.1%

NASDAQ HCKT opened at $12.74 on Monday. The company has a market capitalization of $321.30 million, a price-to-earnings ratio of 27.11, a price-to-earnings-growth ratio of 0.88 and a beta of 1.05. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.72 and a quick ratio of 1.72. The Hackett Group has a 12 month low of $12.73 and a 12 month high of $29.51. The company’s fifty day moving average price is $15.71 and its two-hundred day moving average price is $18.03.

Hedge Funds Weigh In On The Hackett Group

A number of large investors have recently bought and sold shares of the business. Rhumbline Advisers boosted its stake in The Hackett Group by 1.5% in the second quarter. Rhumbline Advisers now owns 39,506 shares of the business services provider’s stock valued at $1,004,000 after acquiring an additional 581 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of The Hackett Group by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,007 shares of the business services provider’s stock worth $439,000 after purchasing an additional 614 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of The Hackett Group by 7.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,773 shares of the business services provider’s stock worth $248,000 after purchasing an additional 707 shares during the last quarter. Copeland Capital Management LLC boosted its position in The Hackett Group by 28.3% during the 3rd quarter. Copeland Capital Management LLC now owns 3,299 shares of the business services provider’s stock valued at $63,000 after purchasing an additional 727 shares during the period. Finally, CWM LLC grew its stake in The Hackett Group by 31.3% during the 4th quarter. CWM LLC now owns 3,499 shares of the business services provider’s stock worth $69,000 after buying an additional 835 shares during the last quarter. Institutional investors own 78.12% of the company’s stock.

About The Hackett Group

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.