The Hackett Group (NASDAQ:HCKT) Stock Price Expected to Rise, Roth Mkm Analyst Says

The Hackett Group (NASDAQ:HCKT) had its price objective hoisted by investment analysts at Roth Mkm from $29.00 to $30.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the business services provider’s stock. Roth Mkm’s price objective indicates a potential downside of 2.41% from the stock’s previous close.

HCKT has been the topic of several other research reports. Barrington Research reiterated an “outperform” rating and issued a $28.00 price target on shares of The Hackett Group in a report on Tuesday. Craig Hallum boosted their price target on shares of The Hackett Group from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, 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 research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, The Hackett Group presently has a consensus rating of “Moderate Buy” and an average price target of $30.00.

The Hackett Group Stock Performance

Shares of NASDAQ:HCKT opened at $30.74 on Tuesday. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.26. The company has a market cap of $849.87 million, a price-to-earnings ratio of 24.59, a price-to-earnings-growth ratio of 1.35 and a beta of 0.91. The Hackett Group has a 12 month low of $20.23 and a 12 month high of $30.75. The company has a 50-day moving average price of $25.76 and a 200-day moving average price of $24.05.

The Hackett Group (NASDAQ:HCKT) last released its quarterly earnings data on Tuesday, August 6th. The business services provider reported $0.31 earnings per share for the quarter, hitting the consensus estimate of $0.31. The business had revenue of $75.90 million during the quarter, compared to analysts’ expectations of $74.16 million. The Hackett Group had a return on equity of 38.20% and a net margin of 11.46%. As a group, equities analysts anticipate that The Hackett Group will post 1.28 EPS for the current year.

Hedge Funds Weigh In On The Hackett Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Financial Management Professionals Inc. purchased a new stake in shares of The Hackett Group in the 3rd quarter worth approximately $54,000. CWM LLC grew its stake in shares of The Hackett Group by 78.4% in the second 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 increased its holdings in shares of The Hackett Group by 18.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,419 shares of the business services provider’s stock valued at $183,000 after acquiring an additional 1,283 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of The Hackett Group by 9.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,262 shares of the business services provider’s stock worth $223,000 after purchasing an additional 851 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in The Hackett Group in the 3rd quarter worth about $321,000. 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.