The Hackett Group (NASDAQ:HCKT) Upgraded to Hold at Zacks Research

The Hackett Group (NASDAQ:HCKT) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

A number of other brokerages have also recently commented on HCKT. Barrington Research reaffirmed an “outperform” rating and issued a $17.00 price target on shares of The Hackett Group in a research note on Monday, March 23rd. Roth Mkm set a $24.00 price target on The Hackett Group in a research note on Wednesday, February 18th. Wall Street Zen raised The Hackett Group from a “hold” rating to a “buy” rating in a research note on Saturday, March 21st. Finally, Weiss Ratings cut The Hackett Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, April 8th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, The Hackett Group currently has an average rating of “Hold” and an average price target of $20.50.

The Hackett Group Stock Performance

NASDAQ:HCKT opened at $13.95 on Monday. The business has a 50 day moving average of $13.58 and a 200 day moving average of $17.07. The company has a market capitalization of $351.82 million, a price-to-earnings ratio of 29.68, a PEG ratio of 0.93 and a beta of 1.04. The Hackett Group has a 1-year low of $12.19 and a 1-year high of $26.76. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.72 and a quick ratio of 1.72.

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. Royal Bank of Canada raised its holdings in shares of The Hackett Group by 253.5% during the first quarter. Royal Bank of Canada now owns 32,776 shares of the business services provider’s stock valued at $957,000 after acquiring an additional 23,503 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of The Hackett Group by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,007 shares of the business services provider’s stock valued at $439,000 after acquiring an additional 614 shares in the last quarter. Jane Street Group LLC bought a new position in shares of The Hackett Group during the first quarter valued at approximately $1,379,000. Rhumbline Advisers grew its stake in The Hackett Group by 1.5% in the second quarter. Rhumbline Advisers now owns 39,506 shares of the business services provider’s stock worth $1,004,000 after purchasing an additional 581 shares during the period. Finally, American Century Companies Inc. grew its stake in The Hackett Group by 7.3% in the second quarter. American Century Companies Inc. now owns 64,276 shares of the business services provider’s stock worth $1,634,000 after purchasing an additional 4,399 shares during the period. Institutional investors own 78.12% of the company’s stock.

The Hackett Group Company Profile

The Hackett Group is a global strategic advisory firm specializing in business transformation, benchmarking and research. Leveraging a proprietary data repository and the Hackett Methodology®, the company helps organizations optimize performance across enterprise functions. Its advisory services span digital transformation, process optimization and operational excellence, enabling clients to identify best practices, streamline workflows and achieve sustainable cost savings.

Through detailed benchmarking studies and industry research, The Hackett Group delivers actionable insights into finance, procurement, human resources, information technology and supply chain management.