ValuEngine Downgrades The Hackett Group (HCKT) to Hold

The Hackett Group (NASDAQ:HCKT) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

Several other brokerages have also issued reports on HCKT. BidaskClub raised The Hackett Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 12th. Barrington Research upped their price target on The Hackett Group from $22.00 to $23.00 and gave the company an “outperform” rating in a research note on Thursday, November 8th. William Blair started coverage on The Hackett Group in a research note on Friday, January 11th. They set an “outperform” rating on the stock. Finally, Zacks Investment Research lowered The Hackett Group from a “hold” rating to a “sell” rating in a research note on Friday, January 4th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The Hackett Group has a consensus rating of “Buy” and a consensus price target of $21.33.

Shares of HCKT opened at $16.25 on Wednesday. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.09. The Hackett Group has a 12-month low of $15.24 and a 12-month high of $22.84. The firm has a market cap of $574.13 million, a PE ratio of 15.33, a PEG ratio of 1.36 and a beta of 0.99.

The Hackett Group (NASDAQ:HCKT) last issued its quarterly earnings results on Tuesday, February 19th. The business services provider reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.04. The Hackett Group had a return on equity of 23.23% and a net margin of 8.28%. The business had revenue of $66.54 million for the quarter, compared to analyst estimates of $67.43 million. Research analysts anticipate that The Hackett Group will post 0.96 EPS for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. lifted its stake in The Hackett Group by 1.9% in the third quarter. BlackRock Inc. now owns 2,378,270 shares of the business services provider’s stock valued at $47,921,000 after buying an additional 44,652 shares during the period. Dimensional Fund Advisors LP lifted its stake in The Hackett Group by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,741,690 shares of the business services provider’s stock valued at $27,884,000 after buying an additional 8,701 shares during the period. FMR LLC lifted its stake in The Hackett Group by 175.8% in the third quarter. FMR LLC now owns 1,616,999 shares of the business services provider’s stock valued at $32,583,000 after buying an additional 1,030,786 shares during the period. Trigran Investments Inc. lifted its stake in The Hackett Group by 4.5% in the fourth quarter. Trigran Investments Inc. now owns 1,607,853 shares of the business services provider’s stock valued at $25,742,000 after buying an additional 69,074 shares during the period. Finally, Vanguard Group Inc. lifted its stake in The Hackett Group by 3.8% in the third quarter. Vanguard Group Inc. now owns 1,399,501 shares of the business services provider’s stock valued at $28,201,000 after buying an additional 50,699 shares during the period. 76.14% of the stock is currently owned by institutional investors and hedge funds.

About The Hackett Group

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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