The Hackett Group (NASDAQ:HCKT) Rating Increased to Hold at Zacks Research

The Hackett Group (NASDAQ:HCKT) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other research firms also recently weighed in on HCKT. Weiss Ratings restated a “sell (d+)” rating on shares of The Hackett Group in a report on Monday. Barrington Research lowered their price target on shares of The Hackett Group from $17.00 to $16.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 6th. Wall Street Zen cut shares of The Hackett Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Roth Capital set a $17.00 price objective on The Hackett Group in a research report on Wednesday, May 6th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $16.50.

The Hackett Group Stock Performance

NASDAQ HCKT opened at $10.74 on Monday. The Hackett Group has a 1-year low of $9.15 and a 1-year high of $26.09. The company has a market capitalization of $270.53 million, a P/E ratio of 20.26, a PEG ratio of 0.89 and a beta of 0.92. The business has a 50 day moving average price of $10.95 and a 200 day moving average price of $14.19. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.88 and a quick ratio of 1.88.

The Hackett Group (NASDAQ:HCKT) last posted 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 firm had revenue of $68.80 million for the quarter, compared to analysts’ expectations of $71.23 million. The Hackett Group has set its Q2 2026 guidance at 0.330-0.350 EPS. Sell-side analysts expect that The Hackett Group will post 1.23 EPS for the current fiscal year.

Institutional Investors Weigh In On The Hackett Group

A number of hedge funds and other institutional investors have recently made changes to their positions in HCKT. Quadrant Capital Group LLC acquired a new position in The Hackett Group in the fourth quarter valued at $41,000. PNC Financial Services Group Inc. grew its holdings in The Hackett Group by 138.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,554 shares of the business services provider’s stock valued at $46,000 after buying an additional 2,062 shares during the period. Danske Bank A S purchased a new stake in The Hackett Group in the 4th quarter valued at about $49,000. Caitong International Asset Management Co. Ltd increased its stake in shares of The Hackett Group by 53,500.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,216 shares of the business services provider’s stock valued at $63,000 after acquiring an additional 3,210 shares during the last quarter. Finally, CWM LLC increased its stake in shares of The Hackett Group by 31.3% during the 4th quarter. CWM LLC now owns 3,499 shares of the business services provider’s stock valued at $69,000 after acquiring an additional 835 shares during the last quarter. Hedge funds and other institutional investors 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.