The Hackett Group (NASDAQ:HCKT) Downgraded to “Strong Sell” Rating by Zacks Research

The Hackett Group (NASDAQ:HCKT) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Tuesday,Zacks.com reports.

A number of other research firms have also commented on HCKT. Barrington Research lowered 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 report on Wednesday, May 6th. Roth Mkm set a $17.00 price target on shares of The Hackett Group in a report on Wednesday, May 6th. Weiss Ratings lowered shares of The Hackett Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, April 8th. Finally, Wall Street Zen lowered shares of The Hackett Group from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. One analyst has rated the stock with a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $16.50.

The Hackett Group Price Performance

HCKT opened at $10.04 on Tuesday. The company has a fifty day moving average price of $12.57 and a two-hundred day moving average price of $16.08. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.88 and a current ratio of 1.88. The Hackett Group has a 52 week low of $9.15 and a 52 week high of $26.09. The firm has a market capitalization of $252.91 million, a PE ratio of 18.94, a P/E/G ratio of 0.78 and a beta of 0.96.

The Hackett Group (NASDAQ:HCKT) last released its earnings results on Tuesday, May 5th. The business services provider reported $0.34 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $71.23 million. The Hackett Group has set its Q2 2026 guidance at 0.330-0.350 EPS. As a group, analysts anticipate that The Hackett Group will post 1.23 earnings per share for the current year.

Hedge Funds Weigh In On The Hackett Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada lifted its position in The Hackett Group by 253.5% in the 1st quarter. Royal Bank of Canada now owns 32,776 shares of the business services provider’s stock valued at $957,000 after acquiring an additional 23,503 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in The Hackett Group by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,007 shares of the business services provider’s stock valued at $439,000 after acquiring an additional 614 shares in the last quarter. Jane Street Group LLC bought a new stake in The Hackett Group in the 1st quarter valued at $1,379,000. Rhumbline Advisers lifted its position in The Hackett Group by 1.5% in the 2nd quarter. Rhumbline Advisers now owns 39,506 shares of the business services provider’s stock valued at $1,004,000 after acquiring an additional 581 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in The Hackett Group by 7.3% in the 2nd quarter. American Century Companies Inc. now owns 64,276 shares of the business services provider’s stock valued at $1,634,000 after acquiring an additional 4,399 shares in the last quarter. Institutional investors and hedge funds own 78.12% of the company’s stock.

The Hackett Group Company Profile

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.