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

The Hackett Group, Inc. (NASDAQ:HCKT) was the recipient of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 256,900 shares, an increase of 7.9% from the January 15th total of 238,000 shares. Based on an average daily volume of 93,200 shares, the days-to-cover ratio is presently 2.8 days. Approximately 1.0% of the shares of the company are sold short.

Institutional Trading of The Hackett Group

A number of hedge funds have recently made changes to their positions in HCKT. Versant Capital Management Inc raised its holdings in The Hackett Group by 353.1% in the 4th quarter. Versant Capital Management Inc now owns 947 shares of the business services provider’s stock valued at $29,000 after buying an additional 738 shares during the last quarter. Financial Management Professionals Inc. acquired a new position in The Hackett Group in the 3rd quarter valued at approximately $54,000. Quantbot Technologies LP raised its stake in shares of The Hackett Group by 383.4% during the third quarter. Quantbot Technologies LP now owns 2,741 shares of the business services provider’s stock valued at $72,000 after acquiring an additional 2,174 shares during the last quarter. CWM LLC lifted its holdings 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 worth $133,000 after purchasing an additional 394 shares during the period. Finally, Longboard Asset Management LP bought a new stake in shares of The Hackett Group in the fourth quarter worth $207,000. 78.12% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on HCKT shares. Roth Mkm increased their price objective 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. Barrington Research reissued an “outperform” rating and issued a $28.00 target price on shares of The Hackett Group in a research report on Tuesday, November 5th. Finally, Craig Hallum lifted their price objective on shares of The Hackett Group from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. 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

HCKT stock traded down $0.32 during trading on Tuesday, reaching $31.62. 152,875 shares of the company were exchanged, compared to its average volume of 85,060. The company has a market capitalization of $872.40 million, a price-to-earnings ratio of 25.92, a P/E/G ratio of 1.60 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 company has a 50-day moving average of $30.90 and a two-hundred day moving average of $28.46. The Hackett Group has a twelve month low of $20.23 and a twelve month high of $32.83.

The Hackett Group (NASDAQ:HCKT) last announced its quarterly earnings results on Tuesday, February 18th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.06). The Hackett Group had a return on equity of 35.31% and a net margin of 11.05%. As a group, equities analysts predict that The Hackett Group will post 1.33 earnings per share for the current fiscal year.

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.