The Hackett Group (NASDAQ:HCKT – Get Free Report)‘s stock had its “outperform” rating reaffirmed by research analysts at Barrington Research in a note issued to investors on Tuesday, Benzinga reports. They presently have a $28.00 price objective on the business services provider’s stock. Barrington Research’s price target would indicate a potential upside of 7.20% from the stock’s current price.
Separately, Roth Capital downgraded shares of The Hackett Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 7th.
Check Out Our Latest Report on The Hackett Group
The Hackett Group Trading Up 1.0 %
The Hackett Group (NASDAQ:HCKT – Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The business services provider reported $0.31 EPS for the quarter, hitting analysts’ consensus estimates of $0.31. The Hackett Group had a return on equity of 38.20% and a net margin of 11.46%. The business had revenue of $75.90 million during the quarter, compared to the consensus estimate of $74.16 million. As a group, research analysts forecast that The Hackett Group will post 1.28 earnings per share for the current year.
Hedge Funds Weigh In On The Hackett Group
A number of institutional investors have recently added to or reduced their stakes in HCKT. Vanguard Group Inc. lifted its stake in shares of The Hackett Group by 3.2% in the first quarter. Vanguard Group Inc. now owns 1,995,053 shares of the business services provider’s stock worth $48,480,000 after acquiring an additional 61,635 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of The Hackett Group by 0.6% in the 2nd quarter. Renaissance Technologies LLC now owns 1,053,446 shares of the business services provider’s stock valued at $22,881,000 after purchasing an additional 6,600 shares in the last quarter. Earnest Partners LLC boosted its stake in shares of The Hackett Group by 13.1% during the 1st quarter. Earnest Partners LLC now owns 488,606 shares of the business services provider’s stock valued at $11,873,000 after buying an additional 56,635 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of The Hackett Group by 1.5% during the 4th quarter. Wells Fargo & Company MN now owns 337,382 shares of the business services provider’s stock valued at $7,682,000 after buying an additional 4,839 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of The Hackett Group by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 256,795 shares of the business services provider’s stock worth $5,847,000 after buying an additional 2,299 shares in the last quarter. Institutional investors and hedge funds 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.
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