Short Interest in The Hackett Group, Inc. (NASDAQ:HCKT) Rises By 5.8%

The Hackett Group, Inc. (NASDAQ:HCKT) saw a large growth in short interest in December. As of December 31st, there was short interest totalling 234,600 shares, a growth of 5.8% from the December 15th total of 221,800 shares. Based on an average daily volume of 97,000 shares, the days-to-cover ratio is presently 2.4 days. Currently, 1.0% of the shares of the company are short sold.

Analysts Set New Price Targets

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

The Hackett Group Price Performance

Shares of NASDAQ:HCKT opened at $30.17 on Tuesday. The firm has a market capitalization of $832.48 million, a price-to-earnings ratio of 24.73, a price-to-earnings-growth ratio of 1.45 and a beta of 0.99. 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 business’s 50 day simple moving average is $30.91 and its 200-day simple moving average is $27.44. The Hackett Group has a 12 month low of $20.23 and a 12 month high of $32.83.

The Hackett Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 20th were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.46%. The ex-dividend date was Friday, December 20th. The Hackett Group’s dividend payout ratio (DPR) is 36.07%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Barclays PLC grew its stake in The Hackett Group by 202.1% in the 3rd quarter. Barclays PLC now owns 56,350 shares of the business services provider’s stock valued at $1,481,000 after acquiring an additional 37,695 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of The Hackett Group by 4.4% in the third quarter. Geode Capital Management LLC now owns 700,253 shares of the business services provider’s stock valued at $18,399,000 after purchasing an additional 29,699 shares in the last quarter. State Street Corp grew its position in shares of 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. Pacific Ridge Capital Partners LLC acquired a new position in shares of The Hackett Group during the 2nd quarter worth approximately $656,000. Finally, Harbor Capital Advisors Inc. raised its position in shares of The Hackett Group by 150.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 251,489 shares of the business services provider’s stock worth $6,607,000 after purchasing an additional 150,962 shares during the last quarter. Hedge funds and other institutional investors own 78.12% of the company’s stock.

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.