The Hackett Group, Inc. (HCKT) Receives $21.67 Consensus Target Price from Brokerages

The Hackett Group, Inc. (NASDAQ:HCKT) has received an average rating of “Buy” from the six brokerages that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $21.67.

Several analysts have commented on the stock. Zacks Investment Research cut shares of The Hackett Group from a “hold” rating to a “sell” rating in a research note on Tuesday, August 14th. Barrington Research set a $22.00 price target on shares of The Hackett Group and gave the stock a “buy” rating in a research note on Monday, August 6th. ValuEngine upgraded shares of The Hackett Group from a “hold” rating to a “buy” rating in a research note on Thursday, August 9th. BidaskClub upgraded shares of The Hackett Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 25th. Finally, SunTrust Banks reiterated a “buy” rating and issued a $23.00 price target on shares of The Hackett Group in a research note on Thursday, August 9th.

Shares of HCKT stock opened at $19.99 on Tuesday. The firm has a market capitalization of $586.88 million, a price-to-earnings ratio of 24.90, a P/E/G ratio of 1.49 and a beta of 0.98. The Hackett Group has a 52 week low of $14.55 and a 52 week high of $20.61. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.73 and a current ratio of 1.73.

The Hackett Group (NASDAQ:HCKT) last announced its quarterly earnings results on Tuesday, August 7th. The business services provider reported $0.27 EPS for the quarter, hitting the consensus estimate of $0.27. The business had revenue of $75.65 million for the quarter, compared to analysts’ expectations of $75.04 million. The Hackett Group had a net margin of 11.62% and a return on equity of 23.41%. As a group, equities analysts expect that The Hackett Group will post 0.89 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC raised its position in shares of The Hackett Group by 25.7% during the 2nd quarter. Renaissance Technologies LLC now owns 1,051,044 shares of the business services provider’s stock valued at $16,890,000 after buying an additional 214,900 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of The Hackett Group by 0.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,721,725 shares of the business services provider’s stock valued at $27,668,000 after buying an additional 6,464 shares in the last quarter. BlackRock Inc. raised its position in shares of The Hackett Group by 3.8% during the 2nd quarter. BlackRock Inc. now owns 2,333,618 shares of the business services provider’s stock valued at $37,500,000 after buying an additional 85,858 shares in the last quarter. LSV Asset Management raised its position in shares of The Hackett Group by 7.1% during the 2nd quarter. LSV Asset Management now owns 757,942 shares of the business services provider’s stock valued at $12,180,000 after buying an additional 50,267 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of The Hackett Group by 1.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 296,053 shares of the business services provider’s stock valued at $4,757,000 after buying an additional 4,344 shares in the last quarter. Hedge funds and other institutional investors own 78.69% of the company’s stock.

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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