The Hackett Group, Inc. (HCKT) Receives $23.00 Consensus Target Price from Analysts

The Hackett Group, Inc. (NASDAQ:HCKT) has been assigned an average rating of “Buy” from the seven research firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $23.00.

Several analysts have recently issued reports on the stock. ValuEngine cut shares of The Hackett Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 20th. BidaskClub lowered shares of The Hackett Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 28th. Barrington Research reissued a “buy” rating and issued a $23.00 price objective on shares of The Hackett Group in a research report on Friday, February 15th. Roth Capital reissued a “buy” rating on shares of The Hackett Group in a research report on Wednesday, February 20th. Finally, William Blair started coverage on shares of The Hackett Group in a research report on Friday, January 11th. They issued an “outperform” rating on the stock.

Shares of The Hackett Group stock opened at $15.80 on Wednesday. The firm has a market capitalization of $471.79 million, a P/E ratio of 14.91, a PEG ratio of 1.16 and a beta of 0.97. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.05. The Hackett Group has a fifty-two week low of $15.24 and a fifty-two week high of $22.84.

The Hackett Group (NASDAQ:HCKT) last issued its earnings results on Tuesday, February 19th. The business services provider reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.04. The Hackett Group had a net margin of 8.28% and a return on equity of 23.15%. The company had revenue of $66.54 million during the quarter, compared to the consensus estimate of $67.43 million. On average, sell-side analysts forecast that The Hackett Group will post 0.91 EPS for the current year.

Institutional investors have recently bought and sold shares of the stock. FMR LLC raised its position in The Hackett Group by 175.8% in the 3rd quarter. FMR LLC now owns 1,616,999 shares of the business services provider’s stock worth $32,583,000 after purchasing an additional 1,030,786 shares during the period. Dimensional Fund Advisors LP raised its position in The Hackett Group by 0.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,732,989 shares of the business services provider’s stock worth $34,919,000 after purchasing an additional 11,264 shares during the period. Vanguard Group Inc raised its position in The Hackett Group by 3.8% in the 3rd quarter. Vanguard Group Inc now owns 1,399,501 shares of the business services provider’s stock worth $28,201,000 after purchasing an additional 50,699 shares during the period. BlackRock Inc. raised its position in The Hackett Group by 1.9% in the 3rd quarter. BlackRock Inc. now owns 2,378,270 shares of the business services provider’s stock worth $47,921,000 after purchasing an additional 44,652 shares during the period. Finally, Vanguard Group Inc. raised its position in The Hackett Group by 3.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,399,501 shares of the business services provider’s stock worth $28,201,000 after purchasing an additional 50,699 shares during the period. 79.97% of the stock is currently owned by institutional investors.

The Hackett Group Company Profile

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.

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