The Hackett Group (NASDAQ:HCKT) Price Target Raised to $30.00 at Roth Mkm

The Hackett Group (NASDAQ:HCKT) had its price objective increased by Roth Mkm from $29.00 to $30.00 in a report released on Tuesday morning, Benzinga reports. Roth Mkm currently has a buy rating on the business services provider’s stock.

HCKT has been the topic of several other research reports. Craig Hallum upped their price objective on The Hackett Group from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday. Roth Capital cut shares of The Hackett Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 7th. Finally, Barrington Research reiterated an “outperform” rating and set a $28.00 price objective on shares of The Hackett Group in a report on Tuesday. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, The Hackett Group has a consensus rating of “Moderate Buy” and an average price target of $30.00.

The Hackett Group Stock Performance

NASDAQ HCKT opened at $28.62 on Tuesday. The company has a market cap of $791.26 million, a P/E ratio of 22.90, a P/E/G ratio of 1.35 and a beta of 0.91. The business’s 50 day moving average price is $25.68 and its 200-day moving average price is $24.00. The Hackett Group has a fifty-two week low of $20.23 and a fifty-two week high of $28.68. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.71 and a current ratio of 1.71.

The Hackett Group (NASDAQ:HCKT) last posted its quarterly earnings data on Tuesday, August 6th. The business services provider reported $0.31 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.31. The business had revenue of $75.90 million for the quarter, compared to analysts’ expectations of $74.16 million. The Hackett Group had a net margin of 11.46% and a return on equity of 38.20%. Sell-side analysts predict that The Hackett Group will post 1.28 earnings per share for the current year.

Hedge Funds Weigh In On The Hackett Group

A number of hedge funds and other institutional investors have recently made changes to their positions in HCKT. Vanguard Group Inc. grew its holdings in The Hackett Group by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 1,995,053 shares of the business services provider’s stock worth $48,480,000 after acquiring an additional 61,635 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of The Hackett Group by 0.6% during the second quarter. Renaissance Technologies LLC now owns 1,053,446 shares of the business services provider’s stock worth $22,881,000 after acquiring an additional 6,600 shares during the last quarter. Earnest Partners LLC increased its holdings in shares of The Hackett Group by 13.1% during the first quarter. Earnest Partners LLC now owns 488,606 shares of the business services provider’s stock valued at $11,873,000 after acquiring an additional 56,635 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in shares of The Hackett Group by 150.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 251,489 shares of the business services provider’s stock valued at $6,607,000 after purchasing an additional 150,962 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in The Hackett Group by 4.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 244,516 shares of the business services provider’s stock worth $5,311,000 after purchasing an additional 10,725 shares in the last quarter. Institutional investors own 78.12% of the company’s stock.

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.