The Hackett Group, Inc. (NASDAQ:HCKT) has been given an average rating of “Hold” by the seven brokerages that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $19.25.

A number of brokerages have commented on HCKT. Craig Hallum cut The Hackett Group from a “buy” rating to a “hold” rating and set a $18.00 price target for the company. in a research report on Wednesday, May 10th. Roth Capital cut The Hackett Group from a “buy” rating to a “neutral” rating and set a $20.00 price target for the company. in a research report on Wednesday, May 10th. BidaskClub upgraded The Hackett Group from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Zacks Investment Research upgraded The Hackett Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Finally, SunTrust Banks, Inc. began coverage on The Hackett Group in a research report on Thursday, June 15th. They issued a “buy” rating and a $19.00 price target for the company.

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A number of institutional investors have recently added to or reduced their stakes in HCKT. Alps Advisors Inc. boosted its position in The Hackett Group by 0.3% in the second quarter. Alps Advisors Inc. now owns 24,798 shares of the business services provider’s stock valued at $384,000 after buying an additional 64 shares in the last quarter. Bank of Montreal Can boosted its position in The Hackett Group by 2.0% in the first quarter. Bank of Montreal Can now owns 16,613 shares of the business services provider’s stock valued at $324,000 after buying an additional 330 shares in the last quarter. Bank of America Corp DE boosted its position in The Hackett Group by 0.5% in the first quarter. Bank of America Corp DE now owns 161,050 shares of the business services provider’s stock valued at $3,138,000 after buying an additional 750 shares in the last quarter. American International Group Inc. boosted its position in The Hackett Group by 7.1% in the first quarter. American International Group Inc. now owns 13,827 shares of the business services provider’s stock valued at $269,000 after buying an additional 918 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in The Hackett Group by 4.1% in the second quarter. Rhumbline Advisers now owns 26,472 shares of the business services provider’s stock valued at $410,000 after buying an additional 1,045 shares in the last quarter. Institutional investors and hedge funds own 81.53% of the company’s stock.

The Hackett Group (HCKT) opened at 13.59 on Wednesday. The Hackett Group has a 12-month low of $13.24 and a 12-month high of $20.69. The firm has a 50 day moving average of $15.24 and a 200 day moving average of $16.93. The firm has a market capitalization of $392.33 million, a P/E ratio of 18.10 and a beta of 0.78.

The Hackett Group (NASDAQ:HCKT) last posted its earnings results on Tuesday, August 8th. The business services provider reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by $0.02. The firm had revenue of $73.60 million during the quarter, compared to the consensus estimate of $74.36 million. The Hackett Group had a net margin of 8.42% and a return on equity of 27.74%. The firm’s revenue was down 2.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.24 EPS. On average, analysts forecast that The Hackett Group will post $0.97 EPS for the current fiscal year.

The Hackett Group declared that its board has authorized a stock repurchase plan on Monday, May 15th that permits the company to buyback $5.00 million in shares. This buyback authorization permits the business services provider to buy up to 1.1% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

The Hackett Group Company Profile

The Hackett Group, Inc is an advisory and technology consulting company. The Company’s services include business transformation, enterprise performance management, working capital management and global business services. The Company is engaged in providing business and technology consulting services.

Analyst Recommendations for The Hackett Group (NASDAQ:HCKT)

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