The Hackett Group (NASDAQ:HCKT) Downgraded by StockNews.com to Buy

StockNews.com lowered shares of The Hackett Group (NASDAQ:HCKTFree Report) from a strong-buy rating to a buy rating in a report issued on Friday morning.

The Hackett Group Price Performance

NASDAQ:HCKT opened at $24.08 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.60 and a current ratio of 1.60. The stock’s 50-day simple moving average is $22.80 and its 200 day simple moving average is $23.02. The company has a market cap of $655.94 million, a P/E ratio of 18.87, a P/E/G ratio of 1.24 and a beta of 0.82. The Hackett Group has a 52-week low of $17.10 and a 52-week high of $24.82.

Hedge Funds Weigh In On The Hackett Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Halpern Financial Inc. bought a new position in The Hackett Group during the fourth quarter worth about $29,000. DekaBank Deutsche Girozentrale bought a new stake in shares of The Hackett Group during the third quarter worth approximately $34,000. Quarry LP bought a new stake in shares of The Hackett Group during the first quarter worth approximately $36,000. FMR LLC boosted its holdings in shares of The Hackett Group by 32.4% during the third quarter. FMR LLC now owns 2,474 shares of the business services provider’s stock worth $58,000 after acquiring an additional 606 shares during the period. Finally, AJOVista LLC bought a new stake in shares of The Hackett Group during the fourth quarter worth approximately $69,000. Institutional investors own 81.69% of the company’s stock.

The Hackett Group Company Profile

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The Hackett Group, Inc operates as a strategic advisory and technology consulting firm primarily in the United States, Europe, and internationally. The company operates through three segments: Global Strategy & Business Transformation, Oracle Solutions, and SAP Solutions. It offers Hackett Connect, an online searchable repository; best practice accelerators that provide web-based access to best practices, customized software configuration tools, and best practice process flows; advisor inquiry for access to fact-based advice on proven approaches and methods; best practice research that provides insights into the proven approaches; and peer interaction comprising member-led webcasts, annual best practice conferences, annual member forums, membership performance surveys, and client-submitted content, as well as intellectual property as-a-service and Hackett Institute programs.

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