The Hackett Group (NASDAQ:HCKT) Reaches New 12-Month High – Time to Buy?

The Hackett Group, Inc. (NASDAQ:HCKT) hit a new 52-week high during trading on Tuesday . The company traded as high as $33.50 and last traded at $31.85, with a volume of 239 shares trading hands. The stock had previously closed at $31.94.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Barrington Research reiterated an “outperform” rating and set a $28.00 price target on shares of The Hackett Group in a research report on Tuesday, November 5th. Craig Hallum raised their price target on The Hackett Group from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Finally, Roth Mkm raised their price objective on The Hackett Group from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $30.00.

The Hackett Group Trading Down 0.2 %

The firm has a 50-day moving average price of $30.90 and a 200-day moving average price of $28.43. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.51 and a current ratio of 1.51. The stock has a market cap of $879.43 million, a PE ratio of 26.13, a price-to-earnings-growth ratio of 1.60 and a beta of 0.99.

Hedge Funds Weigh In On The Hackett Group

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of The Hackett Group by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 2,186,611 shares of the business services provider’s stock worth $67,173,000 after purchasing an additional 16,682 shares during the last quarter. Geode Capital Management LLC increased its holdings in The Hackett Group by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 716,072 shares of the business services provider’s stock worth $22,002,000 after buying an additional 15,819 shares in the last quarter. State Street Corp increased its holdings in The Hackett Group by 4.1% in the 3rd quarter. State Street Corp now owns 641,783 shares of the business services provider’s stock worth $16,927,000 after buying an additional 25,249 shares in the last quarter. Boston Partners grew its stake in shares of The Hackett Group by 2.9% during the 4th quarter. Boston Partners now owns 525,435 shares of the business services provider’s stock valued at $16,086,000 after purchasing an additional 14,676 shares during the period. Finally, Wellington Management Group LLP lifted its position in shares of The Hackett Group by 5.2% during the 4th quarter. Wellington Management Group LLP now owns 393,291 shares of the business services provider’s stock valued at $12,082,000 after buying an additional 19,300 shares in the last quarter. Hedge funds and other institutional investors own 78.12% of the company’s stock.

The Hackett Group Company Profile

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.