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

The Hackett Group, Inc. (NASDAQ:HCKT) was the target of a significant drop in short interest during the month of February. As of February 29th, there was short interest totalling 198,300 shares, a drop of 9.4% from the February 14th total of 218,800 shares. Based on an average trading volume of 95,500 shares, the short-interest ratio is presently 2.1 days. Approximately 0.8% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on HCKT. StockNews.com lowered The Hackett Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 27th. Barrington Research reissued 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 raised The Hackett Group from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research note on Wednesday, February 21st.

Institutional Trading of The Hackett Group

A number of large investors have recently modified their holdings of HCKT. BNP Paribas Arbitrage SA boosted its position in shares of The Hackett Group by 1.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 41,951 shares of the business services provider’s stock valued at $796,000 after purchasing an additional 574 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of The Hackett Group by 2.2% in the fourth quarter. Legal & General Group Plc now owns 26,257 shares of the business services provider’s stock worth $598,000 after buying an additional 576 shares during the period. FMR LLC boosted its holdings in shares of The Hackett Group by 32.4% in the third quarter. FMR LLC now owns 2,474 shares of the business services provider’s stock worth $58,000 after buying an additional 606 shares during the period. California State Teachers Retirement System boosted its holdings in shares of The Hackett Group by 2.2% in the third quarter. California State Teachers Retirement System now owns 32,429 shares of the business services provider’s stock worth $575,000 after buying an additional 705 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of The Hackett Group by 2.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,420 shares of the business services provider’s stock worth $625,000 after buying an additional 760 shares during the period. Institutional investors and hedge funds own 81.69% of the company’s stock.

The Hackett Group Stock Up 1.8 %

Shares of NASDAQ:HCKT traded up $0.44 during mid-day trading on Tuesday, hitting $24.28. 80,289 shares of the company traded hands, compared to its average volume of 90,279. The firm has a market cap of $670.13 million, a P/E ratio of 19.58, a PEG ratio of 1.26 and a beta of 0.84. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.51 and a current ratio of 1.51. The Hackett Group has a 52-week low of $17.10 and a 52-week high of $26.69. The firm’s 50 day simple moving average is $23.73 and its 200 day simple moving average is $23.20.

The Hackett Group (NASDAQ:HCKT) last posted its quarterly earnings data on Tuesday, February 20th. The business services provider reported $0.29 earnings per share (EPS) 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 business had revenue of $71.17 million for the quarter, compared to analysts’ expectations of $69.65 million. On average, equities analysts anticipate 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 will be paid on Friday, April 5th. Investors of record on Friday, March 22nd will be issued a $0.11 dividend. The ex-dividend date of this dividend is Thursday, March 21st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.81%. The Hackett Group’s dividend payout ratio (DPR) is presently 35.48%.

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.