The Hackett Group’s (HCKT) “Outperform” Rating Reiterated at Barrington Research

Barrington Research reaffirmed their outperform rating on shares of The Hackett Group (NASDAQ:HCKT) in a research report report published on Monday morning,Benzinga reports. The brokerage currently has a $27.00 price objective on the business services provider’s stock.

Several other equities analysts also recently weighed in on the company. Wall Street Zen downgraded The Hackett Group from a “buy” rating to a “hold” rating in a research note on Monday, July 21st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of The Hackett Group in a research note on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $29.67.

The Hackett Group Stock Performance

Shares of HCKT stock opened at $17.84 on Monday. The company has a market cap of $490.78 million, a price-to-earnings ratio of 29.73, a price-to-earnings-growth ratio of 1.27 and a beta of 0.97. The stock has a 50 day simple moving average of $19.74 and a 200-day simple moving average of $22.71. The Hackett Group has a 12-month low of $17.66 and a 12-month high of $34.02. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.19.

Hedge Funds Weigh In On The Hackett Group

Several hedge funds have recently bought and sold shares of HCKT. Allspring Global Investments Holdings LLC increased its position in The Hackett Group by 23.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 41,234 shares of the business services provider’s stock worth $1,204,000 after buying an additional 7,885 shares in the last quarter. Envestnet Asset Management Inc. increased its position in The Hackett Group by 0.7% during the first quarter. Envestnet Asset Management Inc. now owns 234,470 shares of the business services provider’s stock worth $6,851,000 after buying an additional 1,626 shares in the last quarter. Values First Advisors Inc. increased its position in The Hackett Group by 0.5% during the first quarter. Values First Advisors Inc. now owns 80,453 shares of the business services provider’s stock worth $2,350,000 after buying an additional 438 shares in the last quarter. Linden Thomas Advisory Services LLC increased its position in The Hackett Group by 3.3% during the first quarter. Linden Thomas Advisory Services LLC now owns 97,013 shares of the business services provider’s stock worth $2,835,000 after buying an additional 3,117 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in The Hackett Group by 128.7% during the first quarter. Victory Capital Management Inc. now owns 28,487 shares of the business services provider’s stock worth $832,000 after buying an additional 16,030 shares in the last quarter. Hedge funds and other institutional investors own 78.12% of the company’s stock.

The Hackett Group Company Profile

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.