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

The Hackett Group, Inc. (NASDAQ:HCKT) was the recipient of a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 190,700 shares, a drop of 15.5% from the October 15th total of 225,800 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average trading volume of 113,400 shares, the days-to-cover ratio is currently 1.7 days.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Barrington Research reiterated an “outperform” rating and set a $28.00 target price on shares of The Hackett Group in a research report on Tuesday, November 5th. Roth Mkm increased their target price on The Hackett Group from $29.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Craig Hallum boosted their target price on The Hackett Group from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Finally, Roth Capital downgraded shares of The Hackett Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 7th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $30.00.

Hedge Funds Weigh In On The Hackett Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Millennium Management LLC grew its stake in shares of The Hackett Group by 293.2% during the 2nd quarter. Millennium Management LLC now owns 224,567 shares of the business services provider’s stock worth $4,878,000 after acquiring an additional 167,453 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in 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 buying an additional 150,962 shares in the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new position in shares of The Hackett Group during the 3rd quarter worth about $3,256,000. Values First Advisors Inc. bought a new position in shares of The Hackett Group in the 2nd quarter valued at about $1,799,000. Finally, Aristides Capital LLC increased its position in shares of The Hackett Group by 111.8% in the first quarter. Aristides Capital LLC now owns 144,869 shares of the business services provider’s stock valued at $3,520,000 after acquiring an additional 76,472 shares during the last quarter. 78.12% of the stock is owned by institutional investors and hedge funds.

The Hackett Group Trading Up 0.2 %

NASDAQ:HCKT traded up $0.05 on Monday, reaching $30.37. The company’s stock had a trading volume of 97,251 shares, compared to its average volume of 104,076. The Hackett Group has a 1-year low of $20.23 and a 1-year high of $32.34. The business’s 50-day moving average price is $26.46 and its two-hundred day moving average price is $24.50. The firm has a market cap of $838.00 million, a PE ratio of 24.85, a PEG ratio of 1.65 and a beta of 0.91. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.51 and a current ratio of 1.51.

The Hackett Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 20th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.44 dividend on an annualized basis and a yield of 1.45%. The Hackett Group’s payout ratio is 36.07%.

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.