The Hackett Group (HCKT) Lifted to Strong-Buy at BidaskClub

BidaskClub upgraded shares of The Hackett Group (NASDAQ:HCKT) from a buy rating to a strong-buy rating in a research report report published on Thursday morning.

HCKT has been the topic of several other research reports. Barrington Research set a $22.00 target price on The Hackett Group and gave the company a buy rating in a research report on Friday, October 5th. Zacks Investment Research raised The Hackett Group from a sell rating to a hold rating in a research report on Tuesday, July 17th. SunTrust Banks reissued a buy rating and set a $23.00 target price on shares of The Hackett Group in a research report on Thursday, August 9th. Finally, ValuEngine raised The Hackett Group from a hold rating to a buy rating in a research report on Thursday, August 9th. One investment analyst has rated the stock with a sell rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $20.75.

Shares of NASDAQ HCKT remained flat at $$19.86 during trading hours on Thursday. The stock had a trading volume of 83,866 shares, compared to its average volume of 113,549. The company has a market cap of $585.12 million, a P/E ratio of 24.83, a P/E/G ratio of 1.49 and a beta of 0.98. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.11. The Hackett Group has a 52-week low of $14.55 and a 52-week high of $20.59.

The Hackett Group (NASDAQ:HCKT) last released its earnings results on Tuesday, August 7th. The business services provider reported $0.27 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.27. The firm had revenue of $75.65 million for the quarter, compared to the consensus estimate of $75.04 million. The Hackett Group had a return on equity of 23.41% and a net margin of 11.62%. On average, research analysts expect that The Hackett Group will post 0.89 EPS for the current fiscal year.

Institutional investors have recently made changes to their positions in the business. Dynamic Technology Lab Private Ltd bought a new position in The Hackett Group in the 1st quarter valued at $177,000. Ramsey Quantitative Systems grew its position in The Hackett Group by 21.1% in the 2nd quarter. Ramsey Quantitative Systems now owns 18,219 shares of the business services provider’s stock valued at $293,000 after acquiring an additional 3,176 shares during the last quarter. Eqis Capital Management Inc. grew its position in The Hackett Group by 17.7% in the 2nd quarter. Eqis Capital Management Inc. now owns 27,589 shares of the business services provider’s stock valued at $443,000 after acquiring an additional 4,153 shares during the last quarter. Campbell & CO Investment Adviser LLC grew its position in The Hackett Group by 103.8% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 28,268 shares of the business services provider’s stock valued at $454,000 after acquiring an additional 14,400 shares during the last quarter. Finally, First Trust Advisors LP grew its position in The Hackett Group by 21.1% in the 2nd quarter. First Trust Advisors LP now owns 30,329 shares of the business services provider’s stock valued at $487,000 after acquiring an additional 5,281 shares during the last quarter. 78.65% of the stock is currently owned by institutional investors.

The Hackett Group Company Profile

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.

See Also: Market Capitalization – What it Means for Investors

Receive News & Ratings for The Hackett Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Hackett Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply