Craig Hallum Issues Positive Forecast for The Hackett Group (NASDAQ:HCKT) Stock Price

The Hackett Group (NASDAQ:HCKT) had its target price upped by Craig Hallum from $30.00 to $32.00 in a report issued on Tuesday morning, Benzinga reports. They currently have a buy rating on the business services provider’s stock.

HCKT has been the topic of a number of other research reports. Barrington Research reissued an “outperform” rating and set a $28.00 target price on shares of The Hackett Group in a research report on Wednesday, October 30th. Roth Capital lowered shares of The Hackett Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 7th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $30.00.

The Hackett Group Trading Up 17.5 %

HCKT opened at $28.62 on Tuesday. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.26. The stock’s fifty day moving average is $25.68 and its two-hundred day moving average is $24.00. The company has a market capitalization of $791.26 million, a P/E ratio of 22.90, a PEG ratio of 1.35 and a beta of 0.91. The Hackett Group has a 52 week low of $20.23 and a 52 week high of $28.68.

The Hackett Group (NASDAQ:HCKT) last announced its quarterly earnings results on Tuesday, August 6th. The business services provider reported $0.31 EPS for the quarter, meeting the consensus estimate of $0.31. The Hackett Group had a return on equity of 38.20% and a net margin of 11.46%. The firm had revenue of $75.90 million for the quarter, compared to analyst estimates of $74.16 million. Analysts forecast that The Hackett Group will post 1.28 earnings per share for the current year.

Institutional Trading of The Hackett Group

A number of institutional investors have recently modified their holdings of HCKT. Isthmus Partners LLC lifted its position in The Hackett Group by 1.1% during the second quarter. Isthmus Partners LLC now owns 164,195 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 1,763 shares during the last quarter. Financial Management Professionals Inc. acquired a new position in shares of The Hackett Group in the 3rd quarter valued at $54,000. CWM LLC raised its stake in The Hackett Group by 78.4% in the 2nd quarter. CWM LLC now owns 4,667 shares of the business services provider’s stock worth $101,000 after acquiring an additional 2,051 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in The Hackett Group by 18.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,419 shares of the business services provider’s stock worth $183,000 after acquiring an additional 1,283 shares during the period. Finally, The Manufacturers Life Insurance Company grew its stake in The Hackett Group by 9.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,262 shares of the business services provider’s stock valued at $223,000 after purchasing an additional 851 shares during the last quarter. 78.12% of the stock is currently owned by institutional investors.

About The Hackett Group

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.