The Hackett Group (NASDAQ:HCKT) Downgraded to “Strong Sell” Rating by Zacks Research

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

Several other research analysts have also recently weighed in on the stock. Barrington Research decreased 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 report on Wednesday, May 6th. Weiss Ratings reissued a “sell (d+)” rating on shares of The Hackett Group in a research note on Monday, July 6th. Roth Capital set a $17.00 target price on The Hackett Group in a research report on Wednesday, May 6th. Finally, Wall Street Zen lowered The Hackett Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. One research analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $16.50.

The Hackett Group Price Performance

Shares of NASDAQ:HCKT opened at $11.16 on Tuesday. The company has a 50 day moving average of $10.65 and a 200 day moving average of $12.46. The stock has a market cap of $277.66 million, a P/E ratio of 17.17, a P/E/G ratio of 0.98 and a beta of 0.92. The Hackett Group has a 12 month low of $9.15 and a 12 month high of $21.40. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 1.19.

The Hackett Group (NASDAQ:HCKT) last posted its earnings results on Tuesday, August 4th. The business services provider reported $0.34 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.34. The Hackett Group had a net margin of 5.86% and a return on equity of 34.77%. The business had revenue of $69.33 million for the quarter, compared to analyst estimates of $68.80 million. The Hackett Group has set its Q3 2026 guidance at 0.370-0.390 EPS. As a group, sell-side analysts forecast that The Hackett Group will post 1.17 EPS for the current fiscal year.

Hedge Funds Weigh In On The Hackett Group

A number of large investors have recently bought and sold shares of the stock. Royal Bank of Canada raised its holdings in The Hackett Group by 253.5% in the 1st quarter. Royal Bank of Canada now owns 32,776 shares of the business services provider’s stock worth $957,000 after purchasing an additional 23,503 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of The Hackett Group by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,007 shares of the business services provider’s stock valued at $439,000 after purchasing an additional 614 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of The Hackett Group during the first quarter valued at about $1,379,000. Rhumbline Advisers increased its position in shares of The Hackett Group by 1.5% during the second quarter. Rhumbline Advisers now owns 39,506 shares of the business services provider’s stock valued at $1,004,000 after buying an additional 581 shares during the period. Finally, American Century Companies Inc. raised its stake in The Hackett Group by 7.3% in the second quarter. American Century Companies Inc. now owns 64,276 shares of the business services provider’s stock worth $1,634,000 after buying an additional 4,399 shares in the last quarter. 78.12% of the stock is owned by hedge funds and other institutional investors.

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.