Zacks Research Downgrades The Hackett Group (NASDAQ:HCKT) to Strong Sell

The Hackett Group (NASDAQ:HCKT) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other brokerages have also recently issued reports on HCKT. Weiss Ratings cut shares of The Hackett Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, April 8th. Wall Street Zen cut shares of The Hackett Group from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Barrington Research lowered their target price on shares of The Hackett Group from $17.00 to $16.00 and set an “outperform” rating for the company in a report on Wednesday, May 6th. Finally, Roth Mkm set a $17.00 target price on shares of The Hackett Group in a report on Wednesday, May 6th. One research analyst has rated the stock with a Buy rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $16.50.

The Hackett Group Price Performance

Shares of HCKT opened at $10.04 on Tuesday. The Hackett Group has a fifty-two week low of $9.15 and a fifty-two week high of $26.09. The firm’s 50 day moving average price is $12.57 and its 200 day moving average price is $16.08. The company has a market cap of $252.91 million, a P/E ratio of 18.94, a PEG ratio of 0.78 and a beta of 0.96. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 1.19.

The Hackett Group (NASDAQ:HCKT) last announced its earnings results on Tuesday, May 5th. The business services provider reported $0.34 earnings per share for the quarter, missing the consensus estimate 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 business 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. On average, research analysts forecast that The Hackett Group will post 1.23 earnings per share for the current fiscal year.

Hedge Funds Weigh In On The Hackett Group

A number of large investors have recently made changes to their positions in HCKT. Huntington National Bank grew its stake in The Hackett Group by 147.7% in the 3rd quarter. Huntington National Bank now owns 1,635 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 975 shares during the last quarter. MAI Capital Management boosted its stake in shares of The Hackett Group by 98.4% during the 3rd quarter. MAI Capital Management now owns 1,730 shares of the business services provider’s stock worth $33,000 after purchasing an additional 858 shares during the last quarter. Quadrant Capital Group LLC acquired a new stake in shares of The Hackett Group during the 4th quarter worth about $41,000. PNC Financial Services Group Inc. boosted its stake in shares of The Hackett Group by 138.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,554 shares of the business services provider’s stock worth $46,000 after purchasing an additional 2,062 shares during the last quarter. Finally, Danske Bank A S acquired a new stake in shares of The Hackett Group during the 4th quarter worth about $49,000. Hedge funds and other institutional investors own 78.12% of the company’s stock.

About The Hackett Group

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.