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

The Hackett Group, Inc. (NASDAQ:HCKT - Get Free Report) saw a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 221,800 shares, a growth of 5.1% from the November 30th total of 211,000 shares. Based on an average daily volume of 98,800 shares, the short-interest ratio is currently 2.2 days. Approximately 0.9% of the shares of the stock are sold short.

The Hackett Group Trading Up 0.1 %

NASDAQ:HCKT traded up $0.02 on Wednesday, hitting $30.72. 64,848 shares of the stock were exchanged, compared to its average volume of 102,077. 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 has a 52 week low of $20.23 and a 52 week high of $32.83. The stock has a market capitalization of $847.66 million, a price-to-earnings 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 price is $30.12 and its 200 day moving average price is $26.65.

The Hackett Group Announces Dividend

The firm also recently declared 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. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date is Friday, December 20th. The Hackett Group's dividend payout ratio (DPR) is 36.07%.

Hedge Funds Weigh In On The Hackett Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its stake in shares of The Hackett Group by 96.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 98,884 shares of the business services provider's stock valued at $2,598,000 after purchasing an additional 48,661 shares during the period. Sanctuary Advisors LLC lifted its stake in The Hackett Group by 9.9% in the third quarter. Sanctuary Advisors LLC now owns 22,777 shares of the business services provider's stock valued at $598,000 after buying an additional 2,058 shares during the period. 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 during the last quarter. Geode Capital Management LLC boosted its holdings in The Hackett Group by 4.4% during the third quarter. Geode Capital Management LLC now owns 700,253 shares of the business services provider's stock worth $18,399,000 after buying an additional 29,699 shares during the last quarter. Finally, Dean Investment Associates LLC grew its position in shares of The Hackett Group by 57.2% during the 3rd quarter. Dean Investment Associates LLC now owns 165,647 shares of the business services provider's stock worth $4,352,000 after buying an additional 60,307 shares during the period. 78.12% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on HCKT. Craig Hallum raised their price objective on shares of The Hackett Group from $30.00 to $32.00 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 price target on shares of The Hackett Group in a report on Tuesday, November 5th. Finally, Roth Mkm boosted their price objective on shares of The Hackett Group from $29.00 to $30.00 and gave the stock a "buy" rating in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, The Hackett Group presently has a consensus rating of "Moderate Buy" and an average target price 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.