Wall Street Zen Upgrades The Hackett Group (NASDAQ:HCKT) to Buy

The Hackett Group (NASDAQ:HCKT) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday, Wall Street Zen reports.

Several other analysts have also commented on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of The Hackett Group in a research report on Monday, July 6th. Zacks Research downgraded shares of The Hackett Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Buy rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $16.50.

The Hackett Group Stock Performance

Shares of NASDAQ:HCKT opened at $11.21 on Friday. The company has a market capitalization of $278.88 million, a PE ratio of 17.25, a P/E/G ratio of 0.96 and a beta of 0.92. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 1.19. The Hackett Group has a 12-month low of $9.15 and a 12-month high of $21.33. The business’s fifty day simple moving average is $10.74 and its 200-day simple moving average is $11.76.

The Hackett Group (NASDAQ:HCKT) last issued its quarterly earnings data on Tuesday, August 4th. The business services provider reported $0.34 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.34. The Hackett Group had a return on equity of 34.77% and a net margin of 5.86%.The firm had revenue of $69.33 million during the quarter, compared to analysts’ expectations of $68.80 million. The Hackett Group has set its Q3 2026 guidance at 0.370-0.390 EPS. As a group, equities research analysts predict that The Hackett Group will post 1.17 earnings per share for the current fiscal year.

Institutional Investors Weigh In On The Hackett Group

Several institutional investors and hedge funds have recently made changes to their positions in HCKT. Quadrant Capital Group LLC acquired a new position in shares of The Hackett Group in the 4th quarter valued at $41,000. Danske Bank A S purchased a new position in The Hackett Group in the 4th quarter worth $49,000. Caitong International Asset Management Co. Ltd lifted its position in The Hackett Group by 53,500.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,216 shares of the business services provider’s stock worth $63,000 after acquiring an additional 3,210 shares during the period. CWM LLC lifted its position 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 acquiring an additional 835 shares during the period. Finally, PNC Financial Services Group Inc. grew its stake in The Hackett Group by 138.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,554 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 2,062 shares during the last quarter. 78.12% of the stock is currently owned by institutional investors and hedge funds.

The Hackett Group Company Profile

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.