The Hackett Group (NASDAQ:HCKT) Rating Reiterated by Barrington Research

Barrington Research reiterated their buy rating on shares of The Hackett Group (NASDAQ:HCKT) in a report released on Tuesday morning, AnalystRatings.com reports. They currently have a $20.00 price objective on the business services provider’s stock.

Several other analysts have also recently commented on HCKT. Zacks Investment Research upgraded shares of The Hackett Group from a sell rating to a hold rating in a research note on Tuesday, January 7th. BidaskClub cut shares of The Hackett Group from a buy rating to a hold rating in a research note on Thursday, January 30th. Finally, TheStreet upgraded shares of The Hackett Group from a c+ rating to a b- rating in a research note on Tuesday, January 28th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $20.00.

Shares of NASDAQ HCKT opened at $15.62 on Tuesday. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.06. The Hackett Group has a 12 month low of $14.53 and a 12 month high of $19.57. The company has a 50 day simple moving average of $16.20 and a two-hundred day simple moving average of $16.13. The stock has a market cap of $472.07 million, a price-to-earnings ratio of 17.94, a PEG ratio of 1.29 and a beta of 0.61.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Great West Life Assurance Co. Can acquired a new position in shares of The Hackett Group in the 4th quarter valued at $33,000. Meeder Asset Management Inc. lifted its stake in shares of The Hackett Group by 284.2% in the 3rd quarter. Meeder Asset Management Inc. now owns 2,974 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 2,200 shares during the period. Bank of Montreal Can lifted its stake in shares of The Hackett Group by 42.9% in the 4th quarter. Bank of Montreal Can now owns 3,065 shares of the business services provider’s stock valued at $49,000 after purchasing an additional 920 shares during the period. Aigen Investment Management LP acquired a new position in shares of The Hackett Group in the 4th quarter valued at $127,000. Finally, Captrust Financial Advisors acquired a new position in shares of The Hackett Group in the 4th quarter valued at $178,000. Hedge funds and other institutional investors own 77.95% of the company’s stock.

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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