The Hackett Group, Inc. (NASDAQ:HCKT) Short Interest Update

The Hackett Group, Inc. (NASDAQ:HCKT) was the recipient of a significant increase in short interest in January. As of January 31st, there was short interest totalling 256,900 shares, an increase of 7.9% from the January 15th total of 238,000 shares. Currently, 1.0% of the company’s stock are short sold. Based on an average trading volume of 93,200 shares, the days-to-cover ratio is currently 2.8 days.

Institutional Investors Weigh In On The Hackett Group

A number of institutional investors have recently added to or reduced their stakes in the company. Versant Capital Management Inc lifted its position in shares of The Hackett Group by 353.1% during the 4th quarter. Versant Capital Management Inc now owns 947 shares of the business services provider’s stock worth $29,000 after buying an additional 738 shares in the last quarter. Financial Management Professionals Inc. purchased a new stake in shares of The Hackett Group during the third quarter valued at approximately $54,000. Quantbot Technologies LP lifted its holdings in The Hackett Group by 383.4% during the third quarter. Quantbot Technologies LP now owns 2,741 shares of the business services provider’s stock worth $72,000 after acquiring an additional 2,174 shares during the period. CWM LLC boosted its position in The Hackett Group by 8.4% in the third quarter. CWM LLC now owns 5,061 shares of the business services provider’s stock worth $133,000 after purchasing an additional 394 shares during the last quarter. Finally, Longboard Asset Management LP purchased a new position in The Hackett Group in the fourth quarter worth $207,000. 78.12% of the stock is owned by institutional investors.

The Hackett Group Stock Down 1.0 %

Shares of NASDAQ:HCKT traded down $0.32 during mid-day trading on Tuesday, hitting $31.62. 152,875 shares of the company traded hands, compared to its average volume of 85,060. The stock has a 50-day moving average price of $30.90 and a two-hundred day moving average price of $28.46. The Hackett Group has a 12-month low of $20.23 and a 12-month high of $32.83. The stock has a market cap of $872.40 million, a P/E ratio of 25.92, a P/E/G ratio of 1.60 and a beta of 0.99. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.18.

The Hackett Group (NASDAQ:HCKT) last issued its quarterly earnings data on Tuesday, February 18th. The business services provider reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.06). The Hackett Group had a net margin of 11.05% and a return on equity of 35.31%. On average, equities research analysts forecast that The Hackett Group will post 1.33 earnings per share for the current year.

Analyst Ratings Changes

HCKT has been the topic of a number of recent research reports. Craig Hallum increased their target price on The Hackett Group from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Roth Mkm upped their price objective on shares of The Hackett Group from $29.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Finally, Barrington Research reiterated an “outperform” rating and set a $28.00 price objective on shares of The Hackett Group in a report on Tuesday, November 5th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $30.00.

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.