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 October. As of October 31st, there was short interest totalling 109,700 shares, a drop of 5.6% from the September 30th total of 116,200 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily trading volume, of 86,200 shares, the short-interest ratio is presently 1.3 days.

A number of brokerages have weighed in on HCKT. Barrington Research cut their target price on shares of The Hackett Group from $22.00 to $20.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. Zacks Investment Research lowered shares of The Hackett Group from a “hold” rating to a “sell” rating in a research report on Saturday, November 9th. Finally, BidaskClub upgraded shares of The Hackett Group from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $20.00.

NASDAQ:HCKT traded down $0.01 on Monday, reaching $15.34. 3,502 shares of the company’s stock were exchanged, compared to its average volume of 80,145. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.98 and a quick ratio of 1.98. The firm has a market cap of $459.81 million, a price-to-earnings ratio of 14.45, a P/E/G ratio of 1.34 and a beta of 0.77. The Hackett Group has a 52 week low of $14.53 and a 52 week high of $19.57. The stock has a fifty day simple moving average of $16.31 and a 200-day simple moving average of $16.39.

The Hackett Group (NASDAQ:HCKT) last issued its earnings results on Tuesday, November 5th. The business services provider reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). The business had revenue of $72.64 million for the quarter, compared to the consensus estimate of $73.16 million. The Hackett Group had a return on equity of 21.32% and a net margin of 7.45%. The Hackett Group’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.27 EPS. As a group, sell-side analysts predict that The Hackett Group will post 0.85 EPS for the current year.

The firm also recently announced a Semi-Annual dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Friday, December 20th will be given a dividend of $0.18 per share. This represents a yield of 2.4%. The ex-dividend date of this dividend is Thursday, December 19th. This is a positive change from The Hackett Group’s previous Semi-Annual dividend of $0.17. The Hackett Group’s dividend payout ratio (DPR) is currently 33.96%.

Large investors have recently modified their holdings of the business. Quantamental Technologies LLC bought a new position in The Hackett Group during the second quarter worth about $30,000. Meeder Asset Management Inc. grew its stake in shares of The Hackett Group by 284.2% during the 3rd quarter. Meeder Asset Management Inc. now owns 2,974 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 2,200 shares during the period. Bank of Montreal Can grew its stake in shares of The Hackett Group by 28.5% during the 2nd quarter. Bank of Montreal Can now owns 6,455 shares of the business services provider’s stock valued at $109,000 after acquiring an additional 1,430 shares during the period. Atria Investments LLC bought a new position in The Hackett Group in the 2nd quarter worth approximately $1,069,000. Finally, Aperio Group LLC bought a new position in The Hackett Group in the 2nd quarter worth approximately $173,000. Hedge funds and other institutional investors own 80.04% of the company’s stock.

The Hackett Group Company Profile

The Hackett Group, Inc operates as a strategic advisory and technology consulting firm primarily in North America and European countries. Its executive advisory programs include best practice intelligence center, an online searchable repository of best practices, performance metrics, conference presentations, and associated research; best practice accelerators that provide Web-based access to best practices, customized software configuration tools, and best practice process flows; advisor inquiry, an inquiry service used by clients for access to fact-based advice on proven approaches and methods; best practice research, a research that provides insights into the proven approaches; and peer interaction comprising member-led Webcasts, annual best practice conferences, annual member forums, membership performance surveys, and client-submitted content.

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