The Hackett Group (NASDAQ:HCKT) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday, April 4th.
Other equities analysts also recently issued research reports about the stock. SunTrust Banks reissued a “buy” rating on shares of The Hackett Group in a report on Friday, February 23rd. Zacks Investment Research raised shares of The Hackett Group from a “sell” rating to a “hold” rating in a 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 company currently has an average rating of “Hold” and an average target price of $19.25.
HCKT opened at $16.12 on Wednesday. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $478.45, a P/E ratio of 21.21, a price-to-earnings-growth ratio of 1.17 and a beta of 0.79. The Hackett Group has a 12-month low of $13.24 and a 12-month high of $20.35.
Large investors have recently modified their holdings of the business. Cornerstone Capital Management Holdings LLC. lifted its holdings in The Hackett Group by 104.6% during the third quarter. Cornerstone Capital Management Holdings LLC. now owns 6,700 shares of the business services provider’s stock valued at $101,000 after purchasing an additional 3,426 shares in the last quarter. MetLife Investment Advisors LLC purchased a new position in The Hackett Group during the fourth quarter valued at approximately $175,000. Ramsey Quantitative Systems purchased a new position in The Hackett Group during the fourth quarter valued at approximately $185,000. Connors Investor Services Inc. purchased a new position in The Hackett Group during the fourth quarter valued at approximately $236,000. Finally, First Trust Advisors LP purchased a new position in The Hackett Group during the third quarter valued at approximately $315,000. 77.33% of the stock is currently owned by institutional investors and hedge funds.
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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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