Short Interest in The Hackett Group, Inc. (NASDAQ:HCKT) Grows By 5.1%

The Hackett Group, Inc. (NASDAQ:HCKT) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 221,800 shares, an increase of 5.1% from the November 30th total of 211,000 shares. Approximately 0.9% of the company’s stock are short sold. Based on an average daily trading volume, of 98,800 shares, the short-interest ratio is presently 2.2 days.

Analyst Ratings Changes

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

The Hackett Group Stock Up 0.1 %

NASDAQ:HCKT opened at $30.72 on Thursday. 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 has a twelve month low of $20.23 and a twelve month high of $32.83. The company has a market cap of $847.66 million, a PE ratio of 25.18, a P/E/G ratio of 1.73 and a beta of 1.00. The company’s 50 day moving average is $30.12 and its two-hundred day moving average is $26.65.

The Hackett Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 20th will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Friday, December 20th. The Hackett Group’s payout ratio is 36.07%.

Hedge Funds Weigh In On The Hackett Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its stake in shares of The Hackett Group by 0.6% in the second 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 boosted its holdings in shares of The Hackett Group by 4.4% in the 3rd quarter. Geode Capital Management LLC now owns 700,253 shares of the business services provider’s stock valued at $18,399,000 after acquiring an additional 29,699 shares during the last quarter. State Street Corp increased its stake 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 worth $16,927,000 after acquiring an additional 25,249 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of The Hackett Group by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 266,317 shares of the business services provider’s stock worth $6,996,000 after purchasing an additional 1,350 shares during the last quarter. Finally, Harbor Capital Advisors Inc. lifted its position in The Hackett Group by 150.2% during the third quarter. Harbor Capital Advisors Inc. now owns 251,489 shares of the business services provider’s stock valued at $6,607,000 after purchasing an additional 150,962 shares during the period. Hedge funds and other institutional investors own 78.12% of the company’s stock.

About The Hackett Group

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.