Barrington Research restated their outperform rating on shares of The Hackett Group (NASDAQ:HCKT – Free Report) in a research note issued to investors on Wednesday, Benzinga reports. They currently have a $28.00 price target on the business services provider’s stock.
Separately, Roth Capital lowered The Hackett Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 7th.
Read Our Latest Report on The Hackett Group
The Hackett Group Stock Down 0.4 %
The Hackett Group (NASDAQ:HCKT – Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The business services provider reported $0.31 EPS for the quarter, hitting the consensus estimate of $0.31. The Hackett Group had a return on equity of 38.20% and a net margin of 11.46%. The business had revenue of $75.90 million for the quarter, compared to analyst estimates of $74.16 million. As a group, equities analysts anticipate that The Hackett Group will post 1.28 earnings per share for the current year.
Institutional Trading of The Hackett Group
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in The Hackett Group by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 1,995,053 shares of the business services provider’s stock valued at $48,480,000 after buying an additional 61,635 shares during the period. Renaissance Technologies LLC raised its holdings in The Hackett Group by 0.6% in the 2nd quarter. Renaissance Technologies LLC now owns 1,053,446 shares of the business services provider’s stock valued at $22,881,000 after buying an additional 6,600 shares during the period. Earnest Partners LLC increased its stake in The Hackett Group by 13.1% during the first quarter. Earnest Partners LLC now owns 488,606 shares of the business services provider’s stock worth $11,873,000 after purchasing an additional 56,635 shares during the period. Harbor Capital Advisors Inc. increased its stake in The Hackett Group by 150.2% during the third quarter. Harbor Capital Advisors Inc. now owns 251,489 shares of the business services provider’s stock worth $6,607,000 after purchasing an additional 150,962 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in The Hackett Group by 4.6% during the second quarter. Bank of New York Mellon Corp now owns 244,516 shares of the business services provider’s stock worth $5,311,000 after purchasing an additional 10,725 shares during the period. 78.12% of the stock is currently owned by hedge funds and other institutional investors.
The Hackett Group Company Profile
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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