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

The Hackett Group, Inc. (NASDAQ:HCKT) was the target of a large growth in short interest during the month of 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. Currently, 1.0% of the shares of the company are short sold. Based on an average daily volume of 97,000 shares, the short-interest ratio is currently 2.4 days.

The Hackett Group Stock Performance

HCKT traded up $0.03 on Friday, hitting $30.17. 54,087 shares of the company traded hands, compared to its average volume of 73,330. 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 company has a 50 day moving average of $30.94 and a 200-day moving average of $27.38. The Hackett Group has a 12-month low of $20.23 and a 12-month high of $32.83. The stock has a market capitalization of $832.39 million, a PE ratio of 24.73, a PEG ratio of 1.45 and a beta of 0.99.

The Hackett Group Announces Dividend

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Barclays PLC boosted its holdings in The Hackett Group by 202.1% during the third quarter. Barclays PLC now owns 56,350 shares of the business services provider’s stock worth $1,481,000 after buying an additional 37,695 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of The Hackett Group by 4.4% during the 3rd quarter. Geode Capital Management LLC now owns 700,253 shares of the business services provider’s stock worth $18,399,000 after acquiring an additional 29,699 shares in the last quarter. State Street Corp grew its holdings in shares of The Hackett Group by 4.1% in the 3rd 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. Pacific Ridge Capital Partners LLC purchased a new position in The Hackett Group in the 2nd quarter valued at approximately $656,000. Finally, Harbor Capital Advisors Inc. raised its holdings 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 worth $6,607,000 after purchasing an additional 150,962 shares during the last quarter. 78.12% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

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.