The Hackett Group (HCKT) Stock Rating Lowered by ValuEngine

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 equities research analysts have also commented on HCKT. SunTrust Banks reissued a “buy” rating and set a $23.00 price target on shares of The Hackett Group in a research note on Thursday, August 9th. BidaskClub lowered The Hackett Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 7th. Barrington Research set a $22.00 price target on The Hackett Group and gave the stock a “buy” rating in a research note on Tuesday, October 30th. Finally, Zacks Investment Research lowered The Hackett Group from a “hold” rating to a “sell” rating in a research note on Tuesday, August 14th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $21.33.

Shares of HCKT opened at $17.15 on Wednesday. The company has a market capitalization of $509.48 million, a price-to-earnings ratio of 22.57, a price-to-earnings-growth ratio of 1.29 and a beta of 0.95. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.88 and a current ratio of 1.88. The Hackett Group has a twelve month low of $15.03 and a twelve month high of $22.84.



The Hackett Group (NASDAQ:HCKT) last announced its quarterly earnings results on Tuesday, November 6th. The business services provider reported $0.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.06). The firm had revenue of $73.84 million for the quarter, compared to analysts’ expectations of $73.70 million. The Hackett Group had a return on equity of 22.48% and a net margin of 11.48%. The Hackett Group’s revenue was up 3.3% compared to the same quarter last year. During the same period last year, the firm earned $0.26 EPS. Analysts expect that The Hackett Group will post 0.89 EPS for the current year.

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of The Hackett Group by 3.8% during the 3rd quarter. Vanguard Group Inc. now owns 1,399,501 shares of the business services provider’s stock worth $28,201,000 after acquiring an additional 50,699 shares in the last quarter. AQR Capital Management LLC lifted its stake in The Hackett Group by 15.8% in the 3rd quarter. AQR Capital Management LLC now owns 364,516 shares of the business services provider’s stock valued at $7,345,000 after buying an additional 49,628 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in The Hackett Group by 45.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 60,869 shares of the business services provider’s stock valued at $1,227,000 after buying an additional 18,926 shares in the last quarter. MetLife Investment Advisors LLC lifted its stake in The Hackett Group by 56.9% in the 3rd quarter. MetLife Investment Advisors LLC now owns 17,500 shares of the business services provider’s stock valued at $353,000 after buying an additional 6,349 shares in the last quarter. Finally, Matarin Capital Management LLC purchased a new stake in The Hackett Group in the 3rd quarter valued at approximately $744,000. 79.88% of the stock is currently owned by institutional investors and hedge funds.

The Hackett Group Company Profile

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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