The Hackett Group (NASDAQ:HCKT) was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report released on Friday.

A number of other equities analysts also recently commented on the stock. Roth Capital reaffirmed a “buy” rating on shares of The Hackett Group in a research note on Wednesday, February 20th. ValuEngine downgraded shares of The Hackett Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 20th. Barrington Research reaffirmed a “buy” rating and set a $23.00 target price on shares of The Hackett Group in a research note on Friday, February 15th. William Blair assumed coverage on shares of The Hackett Group in a research note on Friday, January 11th. They set an “outperform” rating on the stock. Finally, Zacks Investment Research downgraded shares of The Hackett Group from a “hold” rating to a “sell” rating in a research note on Friday, January 4th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. The Hackett Group currently has a consensus rating of “Buy” and an average price target of $21.33.

NASDAQ:HCKT opened at $16.42 on Friday. The company has a current ratio of 1.65, a quick ratio of 1.88 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $469.64 million, a PE ratio of 15.49, a price-to-earnings-growth ratio of 1.17 and a beta of 0.97. The Hackett Group has a twelve month low of $15.24 and a twelve month high of $22.84.

The Hackett Group (NASDAQ:HCKT) last posted its quarterly earnings results on Tuesday, February 19th. The business services provider reported $0.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.04. The firm had revenue of $66.54 million for the quarter, compared to the consensus estimate of $67.43 million. The Hackett Group had a net margin of 8.28% and a return on equity of 23.15%. On average, research analysts anticipate that The Hackett Group will post 0.91 earnings per share for the current year.

Hedge funds have recently modified their holdings of the business. Quantamental Technologies LLC purchased a new position in The Hackett Group during the fourth quarter worth about $34,000. Acadian Asset Management LLC purchased a new position in The Hackett Group during the fourth quarter worth about $61,000. Legal & General Group Plc increased its position in shares of The Hackett Group by 15.9% during the fourth quarter. Legal & General Group Plc now owns 4,383 shares of the business services provider’s stock valued at $71,000 after acquiring an additional 600 shares during the last quarter. Citigroup Inc. increased its position in shares of The Hackett Group by 17.4% during the fourth quarter. Citigroup Inc. now owns 7,804 shares of the business services provider’s stock valued at $125,000 after acquiring an additional 1,154 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its position in shares of The Hackett Group by 406.2% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 7,912 shares of the business services provider’s stock valued at $127,000 after acquiring an additional 6,349 shares during the last quarter. 79.97% of the stock is currently owned by institutional investors.

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.

Featured Story: What is the yield curve?

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.