Research analysts at Barrington Research assumed coverage on shares of The Hackett Group Inc. (NASDAQ:HCKT) in a research report issued to clients and investors on Monday. The firm set an “outperform” rating on the stock.

Separately, Zacks Investment Research lowered The Hackett Group from a “buy” rating to a “hold” rating in a report on Tuesday, July 12th.

Shares of The Hackett Group (NASDAQ:HCKT) opened at 15.94 on Monday. The stock has a market cap of $455.20 million, a PE ratio of 31.25 and a beta of 0.96. The Hackett Group has a 52-week low of $12.44 and a 52-week high of $20.02. The company’s 50-day moving average price is $16.33 and its 200-day moving average price is $15.03.

The Hackett Group (NASDAQ:HCKT) last issued its quarterly earnings data on Tuesday, August 9th. The company reported $0.24 EPS for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.02. The business had revenue of $75.61 million for the quarter, compared to analyst estimates of $72.08 million. The Hackett Group had a return on equity of 20.00% and a net margin of 6.09%. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.19 EPS. Analysts expect that The Hackett Group will post $0.90 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in HCKT. Acrospire Investment Management LLC increased its stake in shares of The Hackett Group by 71.0% in the second quarter. Acrospire Investment Management LLC now owns 8,672 shares of the company’s stock valued at $120,000 after buying an additional 3,600 shares during the last quarter. Walleye Trading LLC increased its stake in shares of The Hackett Group by 142.9% in the second quarter. Walleye Trading LLC now owns 10,200 shares of the company’s stock valued at $141,000 after buying an additional 6,000 shares during the last quarter. BlackRock Group LTD increased its stake in shares of The Hackett Group by 44.1% in the second quarter. BlackRock Group LTD now owns 10,304 shares of the company’s stock valued at $143,000 after buying an additional 3,151 shares during the last quarter. BlackRock Inc. increased its stake in shares of The Hackett Group by 623.7% in the second quarter. BlackRock Inc. now owns 11,826 shares of the company’s stock valued at $164,000 after buying an additional 10,192 shares during the last quarter. Finally, Navellier & Associates Inc increased its stake in shares of The Hackett Group by 10.0% in the second quarter. Navellier & Associates Inc now owns 12,130 shares of the company’s stock valued at $168,000 after buying an additional 1,099 shares during the last quarter. Hedge funds and other institutional investors own 75.65% of the company’s stock.

About The Hackett Group

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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