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

The Hackett Group, Inc. (NASDAQ:HCKT) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 323,600 shares, an increase of 43.3% from the February 13th total of 225,800 shares. Based on an average daily trading volume, of 105,200 shares, the short-interest ratio is currently 3.1 days. Currently, 1.3% of the company’s stock are short sold.

The Hackett Group Stock Up 0.5 %

The Hackett Group stock opened at $28.32 on Tuesday. The business has a fifty day moving average of $30.33 and a two-hundred day moving average of $29.01. The firm has a market cap of $787.04 million, a P/E ratio of 26.72, a P/E/G ratio of 1.53 and a beta of 1.03. 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 has a twelve month low of $20.23 and a twelve month high of $34.02.

The Hackett Group (NASDAQ:HCKT) last issued its quarterly earnings results on Tuesday, February 18th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.06). The business had revenue of $77.46 million for the quarter, compared to analyst estimates of $75.64 million. The Hackett Group had a return on equity of 36.40% and a net margin of 9.44%. On average, analysts forecast that The Hackett Group will post 1.43 earnings per share for the current fiscal year.

The Hackett Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, March 21st. This is an increase from The Hackett Group’s previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.69%. The Hackett Group’s dividend payout ratio is presently 45.28%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. StockNews.com lowered The Hackett Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 13th. Barrington Research upped their target price on The Hackett Group from $28.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.67.

Hedge Funds Weigh In On The Hackett Group

A number of large investors have recently made changes to their positions in the business. Mackenzie Financial Corp increased its position in shares of The Hackett Group by 153.6% during the fourth quarter. Mackenzie Financial Corp now owns 42,502 shares of the business services provider’s stock worth $1,306,000 after purchasing an additional 25,745 shares in the last quarter. Squarepoint Ops LLC acquired a new position in shares of The Hackett Group in the 4th quarter valued at $521,000. Two Sigma Advisers LP increased its position in shares of The Hackett Group by 23.9% in the 4th quarter. Two Sigma Advisers LP now owns 93,300 shares of the business services provider’s stock valued at $2,866,000 after acquiring an additional 18,000 shares during the period. State of Wyoming increased its position in shares of The Hackett Group by 3.9% in the 4th quarter. State of Wyoming now owns 19,821 shares of the business services provider’s stock valued at $609,000 after acquiring an additional 747 shares during the period. Finally, ProShare Advisors LLC acquired a new position in shares of The Hackett Group in the 4th quarter valued at $219,000. 78.12% of the stock is owned by institutional investors and hedge funds.

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.