The Hackett Group (NASDAQ:HCKT) Raised to Hold at Zacks Research
by Sarita Garza · The Markets DailyThe Hackett Group (NASDAQ:HCKT – Get Free Report) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Monday, Zacks reports.
Several other equities analysts have also weighed in on the company. Weiss Ratings restated a “sell (d+)” rating on shares of The Hackett Group in a report on Friday. Wall Street Zen raised The Hackett Group from a “hold” rating to a “buy” rating in a research note on Saturday, September 5th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $16.50.
View Our Latest Research Report on HCKT
The Hackett Group Stock Performance
HCKT stock opened at $10.73 on Monday. The firm has a 50 day moving average of $10.89 and a two-hundred day moving average of $11.26. The Hackett Group has a 12 month low of $9.15 and a 12 month high of $20.68. The company has a market capitalization of $266.94 million, a price-to-earnings ratio of 16.51, a P/E/G ratio of 0.92 and a beta of 0.96. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 1.19.
The Hackett Group (NASDAQ:HCKT – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.34. The business had revenue of $69.33 million during the quarter, compared to analyst estimates of $68.80 million. The Hackett Group had a net margin of 5.86% and a return on equity of 34.77%. The Hackett Group has set its Q3 2026 guidance at 0.370-0.390 EPS. As a group, equities analysts anticipate that The Hackett Group will post 1.17 EPS for the current fiscal year.
Hedge Funds Weigh In On The Hackett Group
A number of institutional investors and hedge funds have recently bought and sold shares of HCKT. Versant Capital Management Inc grew its position in The Hackett Group by 58.8% in the 3rd quarter. Versant Capital Management Inc now owns 3,874 shares of the business services provider’s stock worth $39,000 after purchasing an additional 1,435 shares during the last quarter. Susquehanna International Group LLP increased its stake in The Hackett Group by 98.2% during the second quarter. Susquehanna International Group LLP now owns 20,811 shares of the business services provider’s stock valued at $224,000 after acquiring an additional 10,309 shares during the period. Hsbc Holdings PLC acquired a new position in The Hackett Group in the 2nd quarter valued at approximately $145,000. Punch & Associates Investment Management Inc. acquired a new stake in shares of The Hackett Group during the 2nd quarter worth approximately $5,113,000. Finally, Bank of America Corp DE bought a new stake in shares of The Hackett Group during the second quarter valued at approximately $7,681,000. Institutional investors own 78.12% of the company’s stock.
The Hackett Group Company Profile
The Hackett Group, Inc is a global business and technology consulting firm that helps organizations improve performance, streamline operations and execute large-scale transformation initiatives. The company serves executives and business functions including finance, procurement, human resources, information technology, supply chain and enterprise performance management.
Its offerings include benchmarking and performance studies, executive advisory services, technology consulting, enterprise transformation and implementation support.