Short Interest in The Hackett Group, Inc. (NASDAQ:HCKT) Expands By 9.6%

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in HCKT. Vanguard Group Inc. increased its holdings in The Hackett Group by 3.2% in 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 in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in The Hackett Group by 7.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,595 shares of the business services provider’s stock worth $720,000 after buying an additional 2,175 shares during the period. Harbor Capital Advisors Inc. increased its stake in The Hackett Group by 273.4% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 100,527 shares of the business services provider’s stock worth $2,183,000 after buying an additional 73,605 shares in the last quarter. CWM LLC raised its holdings in The Hackett Group by 78.4% during the second quarter. CWM LLC now owns 4,667 shares of the business services provider’s stock valued at $101,000 after acquiring an additional 2,051 shares during the period. Finally, Linden Thomas Advisory Services LLC lifted its position in shares of The Hackett Group by 3.4% in the second quarter. Linden Thomas Advisory Services LLC now owns 85,723 shares of the business services provider’s stock valued at $1,862,000 after acquiring an additional 2,814 shares in the last quarter. Institutional investors own 78.12% of the company’s stock.

The Hackett Group Stock Performance

HCKT traded down $0.22 during trading on Tuesday, hitting $31.34. The company’s stock had a trading volume of 10,623 shares, compared to its average volume of 102,590. The business’s 50 day simple moving average is $27.60 and its 200-day simple moving average is $25.22. The firm has a market cap of $864.67 million, a PE ratio of 25.87, a P/E/G ratio of 1.71 and a beta of 1.00. The Hackett Group has a one year low of $20.23 and a one year high of $32.34. 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 Hackett Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.40%. The ex-dividend date is Friday, December 20th. The Hackett Group’s dividend payout ratio is presently 36.07%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on HCKT. Roth Capital downgraded shares of The Hackett Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 7th. Barrington Research reiterated an “outperform” rating and issued a $28.00 price objective on shares of The Hackett Group 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, Craig Hallum lifted their target price on shares of The Hackett Group from $30.00 to $32.00 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 given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.