The Hackett Group, Inc. (NASDAQ:HCKT) Short Interest Up 7.9% in January

The Hackett Group, Inc. (NASDAQ:HCKT) was the recipient of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 256,900 shares, an increase of 7.9% from the January 15th total of 238,000 shares. Based on an average daily volume of 93,200 shares, the short-interest ratio is currently 2.8 days. Approximately 1.0% of the company’s stock are sold short.

Hedge Funds Weigh In On The Hackett Group

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of The Hackett Group by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 2,186,611 shares of the business services provider’s stock valued at $67,173,000 after acquiring an additional 16,682 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of The Hackett Group by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 716,072 shares of the business services provider’s stock worth $22,002,000 after purchasing an additional 15,819 shares during the period. State Street Corp grew its stake in shares of The Hackett Group by 4.1% during the third quarter. State Street Corp now owns 641,783 shares of the business services provider’s stock worth $16,927,000 after purchasing an additional 25,249 shares during the period. Boston Partners increased its holdings in The Hackett Group by 2.9% in the fourth quarter. Boston Partners now owns 525,435 shares of the business services provider’s stock valued at $16,086,000 after purchasing an additional 14,676 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in shares of The Hackett Group by 5.2% in the 4th quarter. Wellington Management Group LLP now owns 393,291 shares of the business services provider’s stock valued at $12,082,000 after acquiring an additional 19,300 shares during the period. 78.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HCKT has been the topic of several research reports. 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 reiterated an “outperform” rating and set a $28.00 price target on shares of The Hackett Group in a report on Tuesday, November 5th. Finally, Roth Mkm lifted their price target on 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 equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $30.00.

The Hackett Group Trading Down 1.0 %

Shares of HCKT stock traded down $0.32 on Tuesday, reaching $31.62. 152,875 shares of the stock were exchanged, compared to its average volume of 85,060. 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 Hackett Group has a one year low of $20.23 and a one year high of $32.83. The stock has a market cap of $872.40 million, a PE ratio of 25.92, a P/E/G ratio of 1.60 and a beta of 0.99. The stock has a 50 day moving average price of $30.90 and a 200 day moving average price of $28.46.

The Hackett Group (NASDAQ:HCKT) last announced its quarterly earnings data on Tuesday, February 18th. The business services provider reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.06). The Hackett Group had a return on equity of 35.31% and a net margin of 11.05%. Equities research analysts forecast that The Hackett Group will post 1.33 EPS for the current fiscal year.

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.