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

The Hackett Group, Inc. (NASDAQ:HCKT) saw a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 234,600 shares, an increase of 5.8% from the December 31st total of 221,800 shares. Currently, 1.0% of the shares of the company are sold short. Based on an average daily trading volume, of 97,000 shares, the short-interest ratio is presently 2.4 days.

The Hackett Group Price Performance

NASDAQ HCKT opened at $30.88 on Monday. The firm has a market cap of $852.07 million, a P/E ratio of 25.31, a price-to-earnings-growth ratio of 1.54 and a beta of 0.99. The stock’s 50-day moving average is $30.89 and its two-hundred day moving average is $27.95. The Hackett Group has a fifty-two week low of $20.23 and a fifty-two week high of $32.83. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.51 and a quick ratio of 1.51.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of HCKT. Barclays PLC increased its holdings in shares of 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 grew its position in 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 during the last quarter. State Street Corp increased its holdings in The Hackett Group by 4.1% during the 3rd quarter. State Street Corp now owns 641,783 shares of the business services provider’s stock valued at $16,927,000 after purchasing an additional 25,249 shares in the last quarter. JPMorgan Chase & Co. raised its position in 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 last quarter. Finally, Harbor Capital Advisors Inc. boosted its stake in The Hackett Group by 150.2% in 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 in the last quarter. 78.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Craig Hallum upped 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. Barrington Research reaffirmed an “outperform” rating and set a $28.00 target price on shares of The Hackett Group in a research note on Tuesday, November 5th. Finally, Roth Mkm boosted their price target 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 given a buy rating to the stock. According to data from MarketBeat, The Hackett Group has a consensus rating of “Moderate Buy” and an average price target 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.