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

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Barrington Research reissued their buy rating on shares of The Hackett Group (NASDAQ:HCKT) in a research note published on Tuesday, AnalystRatings.com reports. The brokerage currently has a $20.00 target price on the business services provider’s stock.

HCKT has been the subject of a number of other research reports. BidaskClub lowered shares of The Hackett Group from a buy rating to a hold rating in a report on Thursday, January 30th. Zacks Investment Research raised shares of The Hackett Group from a sell rating to a hold rating in a research note on Tuesday, January 7th. Finally, TheStreet raised shares of The Hackett Group from a c+ rating to a b- rating in a research note on Tuesday, January 28th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $20.00.

Shares of 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 firm has a 50-day moving average price of $16.20 and a 200 day moving average price of $16.13. The firm has a market capitalization of $472.07 million, a P/E ratio of 17.94, a P/E/G ratio of 1.29 and a beta of 0.61.

A number of hedge funds have recently made changes to their positions in the business. Punch & Associates Investment Management Inc. increased its stake in The Hackett Group by 1.3% in the fourth quarter. Punch & Associates Investment Management Inc. now owns 942,805 shares of the business services provider’s stock valued at $15,217,000 after purchasing an additional 12,164 shares during the last quarter. Captrust Financial Advisors purchased a new position in The Hackett Group in the fourth quarter valued at approximately $178,000. Cubist Systematic Strategies LLC purchased a new position in The Hackett Group in the fourth quarter valued at approximately $192,000. Bank of New York Mellon Corp increased its stake in The Hackett Group by 6.1% in the fourth quarter. Bank of New York Mellon Corp now owns 277,497 shares of the business services provider’s stock valued at $4,479,000 after purchasing an additional 15,936 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in The Hackett Group by 16.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 94,785 shares of the business services provider’s stock valued at $1,530,000 after purchasing an additional 13,658 shares during the last quarter. 77.95% of the stock is owned by institutional investors.

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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