The Hackett Group (NASDAQ:HCKT) Rating Reiterated by Barrington Research

The Hackett Group (NASDAQ:HCKT)‘s stock had its “outperform” rating restated by stock analysts at Barrington Research in a report issued on Wednesday, Benzinga reports. They currently have a $28.00 target price on the business services provider’s stock. Barrington Research’s price objective suggests a potential upside of 7.40% from the company’s previous close.

Separately, Roth Capital cut shares of The Hackett Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 7th.

The Hackett Group Trading Up 1.3 %

NASDAQ:HCKT opened at $26.07 on Wednesday. The Hackett Group has a 52 week low of $20.23 and a 52 week high of $27.68. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.26. The company’s 50 day moving average price is $25.76 and its 200-day moving average price is $23.64. The stock has a market cap of $719.90 million, a price-to-earnings ratio of 20.69, a PEG ratio of 1.46 and a beta of 0.91.

The Hackett Group (NASDAQ:HCKT) last issued its earnings results on Tuesday, August 6th. The business services provider reported $0.31 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.31. The Hackett Group had a net margin of 11.46% and a return on equity of 38.20%. The company had revenue of $75.90 million for the quarter, compared to analysts’ expectations of $74.16 million. On average, equities research analysts forecast that The Hackett Group will post 1.28 earnings per share for the current fiscal year.

Institutional Trading of The Hackett Group

Several institutional investors and hedge funds have recently modified their holdings of HCKT. Charles Schwab Investment Management Inc. raised its position in shares of The Hackett Group by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 256,795 shares of the business services provider’s stock valued at $5,847,000 after purchasing an additional 2,299 shares during the period. Principal Financial Group Inc. raised its position in shares of The Hackett Group by 29.6% during the 4th quarter. Principal Financial Group Inc. now owns 13,913 shares of the business services provider’s stock valued at $317,000 after purchasing an additional 3,175 shares during the period. Wells Fargo & Company MN raised its position in shares of The Hackett Group by 1.5% during the 4th quarter. Wells Fargo & Company MN now owns 337,382 shares of the business services provider’s stock valued at $7,682,000 after purchasing an additional 4,839 shares during the period. Isthmus Partners LLC raised its position in shares of The Hackett Group by 11.3% during the 4th quarter. Isthmus Partners LLC now owns 117,231 shares of the business services provider’s stock valued at $2,669,000 after purchasing an additional 11,947 shares during the period. Finally, Hennessy Advisors Inc. bought a new stake in shares of The Hackett Group during the 4th quarter valued at $110,000. 78.12% of the stock is currently owned by institutional investors.

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.