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

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

HCKT has been the topic of several other research reports. Weiss Ratings reissued a “sell (d+)” rating on shares of The Hackett Group in a report on Monday. Barrington Research cut their target price on shares of The Hackett Group from $17.00 to $16.00 and set an “outperform” rating for the company in a research note on Wednesday, May 6th. Wall Street Zen downgraded shares of The Hackett Group from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Roth Capital set a $17.00 price target on shares of The Hackett Group in a research note on Wednesday, May 6th. One investment 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $16.50.

The Hackett Group Stock Performance

NASDAQ:HCKT opened at $10.74 on Monday. The stock has a 50-day moving average price of $10.95 and a 200 day moving average price of $14.19. The stock has a market capitalization of $270.53 million, a P/E ratio of 20.26, a P/E/G ratio of 0.89 and a beta of 0.92. The Hackett Group has a 12-month low of $9.15 and a 12-month high of $26.09. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 1.19.

The Hackett Group (NASDAQ:HCKT) last posted its quarterly earnings results on Tuesday, May 5th. The business services provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.01). The Hackett Group had a return on equity of 26.70% and a net margin of 4.75%.The business had revenue of $68.80 million during the quarter, compared to the consensus estimate of $71.23 million. The Hackett Group has set its Q2 2026 guidance at 0.330-0.350 EPS. Equities research analysts forecast that The Hackett Group will post 1.23 EPS for the current fiscal year.

Institutional Trading of The Hackett Group

A number of large investors have recently made changes to their positions in HCKT. Royce & Associates LP lifted its holdings in shares of The Hackett Group by 2.4% in the 4th quarter. Royce & Associates LP now owns 2,642,287 shares of the business services provider’s stock valued at $51,868,000 after acquiring an additional 60,956 shares during the last quarter. Millennium Management LLC increased its stake in The Hackett Group by 122.9% during the third quarter. Millennium Management LLC now owns 807,457 shares of the business services provider’s stock worth $15,350,000 after acquiring an additional 445,267 shares during the last quarter. Crawford Investment Counsel Inc. raised its position in The Hackett Group by 12.5% during the third quarter. Crawford Investment Counsel Inc. now owns 463,300 shares of the business services provider’s stock valued at $8,807,000 after purchasing an additional 51,454 shares during the period. Punch & Associates Investment Management Inc. raised its position in The Hackett Group by 4.4% during the first quarter. Punch & Associates Investment Management Inc. now owns 445,800 shares of the business services provider’s stock valued at $5,800,000 after purchasing an additional 18,747 shares during the period. Finally, Russell Investments Group Ltd. lifted its stake in shares of The Hackett Group by 7.0% in the 4th quarter. Russell Investments Group Ltd. now owns 429,032 shares of the business services provider’s stock valued at $8,422,000 after purchasing an additional 28,231 shares during the last quarter. 78.12% of the stock is currently owned by institutional investors.

About The Hackett Group

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.