Barrington Research Analysts Give The Hackett Group (HCKT) a $22.00 Price Target

Barrington Research set a $22.00 target price on The Hackett Group (NASDAQ:HCKT) in a research note issued to investors on Friday morning. The firm currently has a buy rating on the business services provider’s stock.

Other equities analysts also recently issued reports about the stock. BidaskClub downgraded shares of The Hackett Group from a hold rating to a sell rating in a report on Friday, June 8th. Zacks Investment Research downgraded shares of The Hackett Group from a hold rating to a sell rating in a report on Tuesday, August 14th. ValuEngine upgraded shares of The Hackett Group from a hold rating to a buy rating in a report on Thursday, August 9th. Finally, SunTrust Banks reiterated a buy rating and set a $23.00 price target on shares of The Hackett Group in a report on Thursday, August 9th. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $20.75.

Shares of NASDAQ:HCKT opened at $19.85 on Friday. The stock has a market cap of $593.66 million, a P/E ratio of 26.12, a PEG ratio of 1.51 and a beta of 0.98. The Hackett Group has a 12 month low of $14.55 and a 12 month high of $20.59. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.73 and a current ratio of 1.73.

The Hackett Group (NASDAQ:HCKT) last issued its quarterly earnings results on Tuesday, August 7th. The business services provider reported $0.27 EPS for the quarter, meeting the consensus estimate of $0.27. The company had revenue of $75.65 million for the quarter, compared to the consensus estimate of $75.04 million. The Hackett Group had a net margin of 11.62% and a return on equity of 23.41%. On average, equities analysts forecast that The Hackett Group will post 0.89 EPS for the current year.

A number of hedge funds have recently modified their holdings of HCKT. Renaissance Technologies LLC grew its stake in The Hackett Group by 25.7% in the 2nd quarter. Renaissance Technologies LLC now owns 1,051,044 shares of the business services provider’s stock worth $16,890,000 after acquiring an additional 214,900 shares in the last quarter. Millennium Management LLC grew its stake in The Hackett Group by 89.9% in the 2nd quarter. Millennium Management LLC now owns 257,738 shares of the business services provider’s stock worth $4,142,000 after acquiring an additional 121,988 shares in the last quarter. Citadel Advisors LLC grew its stake in The Hackett Group by 60.6% in the 2nd quarter. Citadel Advisors LLC now owns 245,293 shares of the business services provider’s stock worth $3,941,000 after acquiring an additional 92,600 shares in the last quarter. Trigran Investments Inc. grew its stake in The Hackett Group by 6.3% in the 2nd quarter. Trigran Investments Inc. now owns 1,538,779 shares of the business services provider’s stock worth $24,729,000 after acquiring an additional 91,387 shares in the last quarter. Finally, BlackRock Inc. grew its stake in The Hackett Group by 3.8% in the 2nd quarter. BlackRock Inc. now owns 2,333,618 shares of the business services provider’s stock worth $37,500,000 after acquiring an additional 85,858 shares in the last quarter. Institutional investors and hedge funds own 78.65% of the company’s stock.

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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