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

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

The Hackett Group Trading Up 0.9 %

Shares of The Hackett Group stock opened at $21.89 on Thursday. The company has a market capitalization of $603.73 million, a P/E ratio of 17.65, a P/E/G ratio of 1.15 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 company has a fifty day moving average of $23.69 and a 200 day moving average of $23.07. The Hackett Group has a fifty-two week low of $17.18 and a fifty-two week high of $26.69.

The Hackett Group (NASDAQ:HCKT) last issued its 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 firm had revenue of $71.17 million during the quarter, compared to the consensus estimate of $69.65 million. The Hackett Group had a return on equity of 43.58% and a net margin of 11.52%. On average, sell-side analysts anticipate that The Hackett Group will post 1.42 earnings per share for the current fiscal year.

The Hackett Group Announces Dividend

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

Institutional Trading of The Hackett Group

Several hedge funds have recently bought and sold shares of HCKT. Halpern Financial Inc. purchased a new stake in The Hackett Group in the 4th quarter worth $29,000. DekaBank Deutsche Girozentrale purchased a new stake in The Hackett Group in the 3rd quarter worth $34,000. New York State Teachers Retirement System purchased a new stake in The Hackett Group in the 1st quarter worth $55,000. AJOVista LLC purchased a new stake in The Hackett Group in the 4th quarter worth $69,000. Finally, Hennessy Advisors Inc. purchased a new stake in The Hackett Group in the 4th quarter worth $110,000. Hedge funds and other institutional investors own 78.12% of the company’s stock.

Wall Street Analysts Forecast Growth

HCKT has been the subject of a number of recent research reports. Barrington Research reissued an “outperform” rating and set a $28.00 price objective on shares of The Hackett Group in a research report on Wednesday, February 21st. Craig Hallum raised shares of The Hackett Group from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research report on Wednesday, February 21st. Finally, StockNews.com downgraded shares of The Hackett Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 27th.

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.