Barrington Research set a $22.00 target price on The Hackett Group (NASDAQ:HCKT) in a research report sent to investors on Friday. The brokerage currently has a buy rating on the business services provider’s stock.
Other analysts have also issued research reports about the stock. SunTrust Banks restated a buy rating on shares of The Hackett Group in a research report on Friday, February 23rd. BidaskClub upgraded shares of The Hackett Group from a sell rating to a hold rating in a research report on Monday, February 5th. Finally, Zacks Investment Research upgraded shares of The Hackett Group from a sell rating to a hold rating in a research report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $19.25.
Shares of The Hackett Group stock opened at $15.89 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.46 and a quick ratio of 1.46. The Hackett Group has a 1 year low of $13.24 and a 1 year high of $20.35. The firm has a market cap of $464.70, a P/E ratio of 21.19, a price-to-earnings-growth ratio of 1.14 and a beta of 0.80.
A number of hedge funds have recently added to or reduced their stakes in the stock. Grandeur Peak Global Advisors LLC grew its position in The Hackett Group by 10.1% during the fourth quarter. Grandeur Peak Global Advisors LLC now owns 262,475 shares of the business services provider’s stock valued at $4,123,000 after buying an additional 23,975 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new stake in The Hackett Group during the fourth quarter valued at $609,000. MetLife Investment Advisors LLC acquired a new stake in The Hackett Group during the fourth quarter valued at $175,000. Municipal Employees Retirement System of Michigan acquired a new stake in The Hackett Group during the fourth quarter valued at $562,000. Finally, Millennium Management LLC grew its position in The Hackett Group by 34.7% during the fourth quarter. Millennium Management LLC now owns 123,785 shares of the business services provider’s stock valued at $1,945,000 after buying an additional 31,913 shares during the period. Institutional investors own 77.33% of the company’s stock.
The Hackett Group Company Profile
The Hackett Group, Inc is an advisory and technology consulting company. The Company’s services include business transformation, enterprise performance management, working capital management and global business services. The Company is engaged in providing business and technology consulting services.
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