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

The Hackett Group, Inc. (NASDAQ:HCKT) was the target of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 199,700 shares, a growth of 5.7% from the March 31st total of 188,900 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average daily volume of 90,400 shares, the short-interest ratio is presently 2.2 days.

Analyst Ratings Changes

Several research analysts have recently issued reports on HCKT shares. StockNews.com lowered The Hackett Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 27th. Barrington Research restated an “outperform” rating and issued a $28.00 price target on shares of The Hackett Group in a research note on Wednesday, February 21st. Finally, Craig Hallum upgraded The Hackett Group from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research note on Wednesday, February 21st.

The Hackett Group Price Performance

Shares of HCKT opened at $21.89 on Thursday. The Hackett Group has a 1-year low of $17.18 and a 1-year high of $26.69. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.51 and a quick ratio of 1.51. The firm has a market capitalization of $603.73 million, a PE ratio of 17.65, a price-to-earnings-growth ratio of 1.15 and a beta of 0.84. The company’s fifty day moving average price is $23.69 and its 200-day moving average price is $23.07.

The Hackett Group (NASDAQ:HCKT) last released its quarterly earnings results on Tuesday, February 20th. The business services provider reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.01). The Hackett Group had a return on equity of 43.58% and a net margin of 11.52%. The company had revenue of $71.17 million for the quarter, compared to analyst estimates of $69.65 million. On average, equities research analysts predict that The Hackett Group will post 1.42 EPS for the current year.

The Hackett Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 22nd were issued a $0.11 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.01%. The Hackett Group’s payout ratio is 35.48%.

Institutional Investors Weigh In On The Hackett Group

Several hedge funds and other institutional investors have recently bought and sold shares of HCKT. BNP Paribas Financial Markets boosted its holdings in shares of The Hackett Group by 84.9% in the first quarter. BNP Paribas Financial Markets now owns 37,593 shares of the business services provider’s stock valued at $914,000 after acquiring an additional 17,263 shares in the last quarter. North Star Investment Management Corp. increased its position in The Hackett Group by 35.3% during the first quarter. North Star Investment Management Corp. now owns 135,636 shares of the business services provider’s stock worth $3,296,000 after purchasing an additional 35,400 shares during the last quarter. New York State Teachers Retirement System acquired a new position in The Hackett Group during the first quarter worth approximately $55,000. Wesbanco Bank Inc. acquired a new position in The Hackett Group during the first quarter worth approximately $1,061,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of The Hackett Group by 19.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 140,084 shares of the business services provider’s stock worth $3,404,000 after purchasing an additional 22,531 shares in the last quarter. 78.12% of the stock is currently owned by institutional investors and hedge funds.

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.