The Hackett Group, Inc. (NASDAQ:HCKT) Sees Significant Growth in Short Interest

The Hackett Group, Inc. (NASDAQ:HCKT) saw a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 209,100 shares, an increase of 9.6% from the October 31st total of 190,700 shares. Currently, 0.9% of the shares of the stock are sold short. Based on an average trading volume of 108,100 shares, the days-to-cover ratio is currently 1.9 days.

The Hackett Group Trading Up 0.7 %

Shares of HCKT stock traded up $0.22 on Monday, reaching $31.56. 80,505 shares of the stock were exchanged, compared to its average volume of 102,994. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.51 and a quick ratio of 1.51. The Hackett Group has a one year low of $20.23 and a one year high of $32.34. The stock has a market cap of $870.74 million, a PE ratio of 25.87, a P/E/G ratio of 1.71 and a beta of 0.91. The stock has a 50 day moving average price of $27.60 and a 200 day moving average price of $25.22.

The Hackett Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 20th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend is Friday, December 20th. The Hackett Group’s dividend payout ratio is 36.07%.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Barrington Research reaffirmed an “outperform” rating and set a $28.00 price objective on shares of The Hackett Group in a research note on Tuesday, November 5th. Roth Mkm raised their price target on The Hackett Group from $29.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Craig Hallum lifted their price objective on The Hackett Group from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Finally, Roth Capital cut The Hackett Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 7th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, The Hackett Group currently has an average rating of “Moderate Buy” and a consensus price target of $30.00.

Hedge Funds Weigh In On The Hackett Group

Several large investors have recently bought and sold shares of HCKT. Vanguard Group Inc. grew its holdings in The Hackett Group by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 1,995,053 shares of the business services provider’s stock worth $48,480,000 after acquiring an additional 61,635 shares during the period. Renaissance Technologies LLC boosted its position in shares of The Hackett Group by 0.6% in the 2nd quarter. Renaissance Technologies LLC now owns 1,053,446 shares of the business services provider’s stock worth $22,881,000 after purchasing an additional 6,600 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of The Hackett Group by 4.4% during the third quarter. Geode Capital Management LLC now owns 700,253 shares of the business services provider’s stock worth $18,399,000 after purchasing an additional 29,699 shares during the period. State Street Corp increased its holdings in The Hackett Group by 4.1% in the third quarter. State Street Corp now owns 641,783 shares of the business services provider’s stock valued at $16,927,000 after purchasing an additional 25,249 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in The Hackett Group by 0.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 266,317 shares of the business services provider’s stock valued at $6,996,000 after buying an additional 1,350 shares during the period. 78.12% of the stock is currently owned by institutional investors and hedge funds.

The Hackett Group Company Profile

The Hackett Group, Inc operates as an intellectual property-based executive advisory, strategic consulting, and digital transformation company in the United States, Europe, and internationally. The company operates through three segments: Global Strategy & Business Transformation, Oracle Solutions, and SAP Solutions.