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

The Hackett Group, Inc. (NASDAQ:HCKT) was the recipient of a significant increase in short interest in February. As of February 27th, there was short interest totaling 972,031 shares, an increase of 21.2% from the February 12th total of 802,297 shares. Currently, 4.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 428,345 shares, the short-interest ratio is currently 2.3 days. Based on an average daily trading volume, of 428,345 shares, the short-interest ratio is currently 2.3 days. Currently, 4.2% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on HCKT shares. Weiss Ratings downgraded shares of The Hackett Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, March 11th. Zacks Research cut The Hackett Group from a “hold” rating to a “strong sell” rating in a report on Friday, February 20th. Roth Mkm set a $24.00 target price on The Hackett Group in a report on Wednesday, February 18th. Finally, Barrington Research dropped their price target on The Hackett Group from $27.00 to $17.00 and set an “outperform” rating for the company in a research report on Wednesday, February 18th. One analyst has rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, The Hackett Group has an average rating of “Reduce” and a consensus target price of $20.50.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new stake in The Hackett Group in the 3rd quarter worth about $916,000. Geode Capital Management LLC increased its stake in shares of The Hackett Group by 2.4% during the 2nd quarter. Geode Capital Management LLC now owns 765,243 shares of the business services provider’s stock valued at $19,455,000 after acquiring an additional 18,196 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of The Hackett Group by 271.2% during the 3rd quarter. Rhumbline Advisers now owns 146,663 shares of the business services provider’s stock worth $2,788,000 after acquiring an additional 107,157 shares during the period. Royce & Associates LP boosted its position in shares of The Hackett Group by 44.1% in the third quarter. Royce & Associates LP now owns 2,581,331 shares of the business services provider’s stock worth $49,071,000 after acquiring an additional 790,522 shares during the last quarter. Finally, Magnetar Financial LLC boosted its position in shares of The Hackett Group by 334.4% in the second quarter. Magnetar Financial LLC now owns 42,528 shares of the business services provider’s stock worth $1,081,000 after acquiring an additional 32,738 shares during the last quarter. 78.12% of the stock is currently owned by institutional investors and hedge funds.

The Hackett Group Trading Down 1.6%

Shares of The Hackett Group stock traded down $0.22 during mid-day trading on Monday, hitting $13.63. 331,388 shares of the stock were exchanged, compared to its average volume of 388,606. The Hackett Group has a twelve month low of $12.76 and a twelve month high of $29.51. The stock has a market capitalization of $345.93 million, a price-to-earnings ratio of 29.00, a price-to-earnings-growth ratio of 0.91 and a beta of 1.06. The company has a 50-day simple moving average of $16.54 and a 200 day simple moving average of $18.35. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 1.11.

The Hackett Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 3rd. Investors of record on Friday, March 20th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, March 20th. This represents a $0.48 dividend on an annualized basis and a yield of 3.5%. The Hackett Group’s dividend payout ratio (DPR) is 102.13%.

The Hackett Group Company Profile

The Hackett Group is a global strategic advisory firm specializing in business transformation, benchmarking and research. Leveraging a proprietary data repository and the Hackett Methodology®, the company helps organizations optimize performance across enterprise functions. Its advisory services span digital transformation, process optimization and operational excellence, enabling clients to identify best practices, streamline workflows and achieve sustainable cost savings.

Through detailed benchmarking studies and industry research, The Hackett Group delivers actionable insights into finance, procurement, human resources, information technology and supply chain management.