The Hackett Group (NASDAQ:HCKT – Get Free Report)‘s stock had its “outperform” rating reiterated by analysts at Barrington Research in a report released on Wednesday, Benzinga reports. They currently have a $28.00 target price on the business services provider’s stock. Barrington Research’s target price suggests a potential upside of 7.32% from the stock’s previous close.
Separately, Roth Capital cut shares of The Hackett Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 7th.
Check Out Our Latest Research Report on The Hackett Group
The Hackett Group Price Performance
The Hackett Group (NASDAQ:HCKT – Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The business services provider reported $0.31 EPS for the quarter, meeting the consensus estimate of $0.31. The Hackett Group had a net margin of 11.46% and a return on equity of 38.20%. The business had revenue of $75.90 million for the quarter, compared to analysts’ expectations of $74.16 million. As a group, analysts forecast that The Hackett Group will post 1.28 EPS for the current fiscal year.
Institutional Investors Weigh In On The Hackett Group
Large investors have recently modified their holdings of the business. Isthmus Partners LLC increased its holdings in shares of The Hackett Group by 1.1% in the second quarter. Isthmus Partners LLC now owns 164,195 shares of the business services provider’s stock worth $36,000 after acquiring an additional 1,763 shares in the last quarter. New York State Teachers Retirement System bought a new stake in shares of The Hackett Group in the first quarter worth about $55,000. CWM LLC increased its holdings in shares of The Hackett Group by 78.4% in the second quarter. CWM LLC now owns 4,667 shares of the business services provider’s stock worth $101,000 after acquiring an additional 2,051 shares in the last quarter. Hennessy Advisors Inc. bought a new stake in shares of The Hackett Group in the fourth quarter worth about $110,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of The Hackett Group by 18.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,419 shares of the business services provider’s stock worth $183,000 after acquiring an additional 1,283 shares in the last quarter. 78.12% of the stock is currently owned by institutional investors.
About The Hackett Group
The Hackett Group, Inc operates as an intellectual property-based executive advisory, strategic consulting, and digital transformation company in the United States, Europe, and internationally. The company operates through three segments: Global Strategy & Business Transformation, Oracle Solutions, and SAP Solutions.
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