The Hackett Group, Inc. (NASDAQ:HCKT) Short Interest Up 9.6% in November

The Hackett Group, Inc. (NASDAQ:HCKT) was the target of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 209,100 shares, a growth of 9.6% from the October 31st total of 190,700 shares. Approximately 0.9% of the company’s shares are sold short. Based on an average daily trading volume, of 108,100 shares, the short-interest ratio is currently 1.9 days.

Institutional Investors Weigh In On The Hackett Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Millennium Management LLC raised 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 valued at $4,878,000 after purchasing an additional 167,453 shares during the period. Harbor Capital Advisors Inc. boosted its position in shares of 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 valued at $6,607,000 after acquiring an additional 150,962 shares during the period. Hotchkis & Wiley Capital Management LLC purchased a new position in The Hackett Group during the third quarter valued at approximately $3,256,000. Values First Advisors Inc. bought a new stake in The Hackett Group during the 2nd quarter worth approximately $1,799,000. Finally, Vanguard Group Inc. boosted its holdings in The Hackett Group by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 1,995,053 shares of the business services provider’s stock valued at $48,480,000 after purchasing an additional 61,635 shares during the period. Institutional investors own 78.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on HCKT shares. Craig Hallum raised their target price on The Hackett Group from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Roth Capital lowered The Hackett Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 7th. Roth Mkm boosted their price target on shares of The Hackett Group from $29.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Finally, Barrington Research reiterated an “outperform” rating and set a $28.00 price objective on shares of The Hackett Group in a 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 company. According to MarketBeat, The Hackett Group has a consensus rating of “Moderate Buy” and a consensus price target of $30.00.

The Hackett Group Stock Performance

Shares of NASDAQ HCKT traded down $0.22 during mid-day trading on Tuesday, reaching $31.34. 10,623 shares of the company’s stock were exchanged, compared to its average volume of 102,590. The firm has a 50-day moving average price of $27.60 and a two-hundred day moving average price of $25.22. 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 firm has a market capitalization of $864.67 million, a price-to-earnings ratio of 25.87, a price-to-earnings-growth ratio of 1.71 and a beta of 1.00. The Hackett Group has a 52 week low of $20.23 and a 52 week high of $32.34.

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 1.40%. The ex-dividend date is Friday, December 20th. The Hackett Group’s payout ratio is currently 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.