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

The Hackett Group, Inc. (NASDAQ:HCKT) was the recipient of a significant decline in short interest in October. As of October 31st, there was short interest totalling 190,700 shares, a decline of 15.5% from the October 15th total of 225,800 shares. Based on an average daily trading volume, of 113,400 shares, the short-interest ratio is presently 1.7 days. Approximately 0.8% of the shares of the company are short sold.

The Hackett Group Price Performance

HCKT traded up $0.05 during trading on Monday, hitting $30.37. The company’s stock had a trading volume of 97,251 shares, compared to its average volume of 104,076. The firm’s 50 day moving average price is $26.46 and its two-hundred day moving average price is $24.50. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $838.00 million, a price-to-earnings ratio of 24.85, a price-to-earnings-growth ratio of 1.65 and a beta of 0.91. The Hackett Group has a 12 month low of $20.23 and a 12 month high of $32.34.

The Hackett Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 20th will be given a dividend of $0.11 per share. The ex-dividend date is Friday, December 20th. This represents a $0.44 annualized dividend and a yield of 1.45%. The Hackett Group’s dividend payout ratio (DPR) is 36.07%.

Institutional Investors Weigh In On The Hackett Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HCKT. CWM LLC grew its stake in shares of The Hackett Group by 8.4% during the third quarter. CWM LLC now owns 5,061 shares of the business services provider’s stock valued at $133,000 after purchasing an additional 394 shares during the last quarter. Rhumbline Advisers boosted its position in The Hackett Group by 1.6% in the 2nd quarter. Rhumbline Advisers now owns 38,946 shares of the business services provider’s stock valued at $846,000 after buying an additional 608 shares during the last quarter. Mackenzie Financial Corp increased its stake in shares of The Hackett Group by 5.2% in the 2nd quarter. Mackenzie Financial Corp now owns 15,034 shares of the business services provider’s stock valued at $327,000 after buying an additional 748 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of The Hackett Group by 9.0% during the second quarter. The Manufacturers Life Insurance Company now owns 10,262 shares of the business services provider’s stock valued at $223,000 after acquiring an additional 851 shares during the period. Finally, Sei Investments Co. boosted its holdings in The Hackett Group by 1.7% in the second quarter. Sei Investments Co. now owns 56,083 shares of the business services provider’s stock valued at $1,218,000 after acquiring an additional 941 shares during the last quarter. Institutional investors and hedge funds own 78.12% of the company’s stock.

Analyst Ratings Changes

HCKT has been the subject of a number of analyst reports. Barrington Research reaffirmed an “outperform” rating and set a $28.00 price objective on shares of The Hackett Group in a report on Tuesday, November 5th. Craig Hallum upped their price objective on The Hackett Group from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Roth Capital lowered The Hackett Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 7th. Finally, Roth Mkm lifted their price objective on The Hackett Group from $29.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.