The Hackett Group, Inc. (NASDAQ:HCKT) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 97,500 shares, a growth of 11.8% from the December 15th total of 87,200 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily volume of 120,700 shares, the short-interest ratio is currently 0.8 days.
HCKT traded up $0.29 on Thursday, reaching $16.99. The company’s stock had a trading volume of 649 shares, compared to its average volume of 152,903. The Hackett Group has a 1 year low of $14.53 and a 1 year high of $19.57. The business’s 50 day moving average is $15.82 and its 200 day moving average is $16.20. 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 stock has a market cap of $496.88 million, a price-to-earnings ratio of 16.05, a price-to-earnings-growth ratio of 1.33 and a beta of 0.67.
The Hackett Group (NASDAQ:HCKT) last posted its quarterly earnings data on Tuesday, November 5th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.01). The business had revenue of $72.64 million for the quarter, compared to analysts’ expectations 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 firm earned $0.27 earnings per share. As a group, research analysts forecast that The Hackett Group will post 0.85 earnings per share for the current fiscal year.
The business also recently declared a Semi-Annual dividend, which was paid on Tuesday, January 7th. Investors of record on Friday, December 20th were issued a $0.18 dividend. The ex-dividend date was Thursday, December 19th. This is a boost from The Hackett Group’s previous Semi-Annual dividend of $0.17. This represents a yield of 2.4%. The Hackett Group’s dividend payout ratio is currently 33.96%.
Institutional investors and hedge funds have recently bought and sold shares of the stock. First Trust Advisors LP raised its holdings in shares of The Hackett Group by 3.3% during the first quarter. First Trust Advisors LP now owns 57,964 shares of the business services provider’s stock worth $916,000 after purchasing an additional 1,848 shares during the period. Amundi Pioneer Asset Management Inc. increased its stake in shares of The Hackett Group by 7.0% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 187,825 shares of the business services provider’s stock valued at $2,967,000 after purchasing an additional 12,318 shares during the period. Wells Fargo & Company MN increased its stake in shares of The Hackett Group by 19.3% in the second quarter. Wells Fargo & Company MN now owns 270,416 shares of the business services provider’s stock valued at $4,540,000 after purchasing an additional 43,748 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of The Hackett Group by 154.7% during the second quarter. JPMorgan Chase & Co. now owns 14,971 shares of the business services provider’s stock valued at $247,000 after buying an additional 9,092 shares during the last quarter. Finally, Bank of Montreal Can raised its holdings in shares of The Hackett Group by 28.5% during the second quarter. Bank of Montreal Can now owns 6,455 shares of the business services provider’s stock valued at $109,000 after buying an additional 1,430 shares during the last quarter. 78.56% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have recently commented on HCKT shares. Barrington Research reduced their target price on shares of The Hackett Group from $22.00 to $20.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Zacks Investment Research raised shares of The Hackett Group from a “sell” rating to a “hold” rating in a report on Tuesday, January 7th. TheStreet downgraded shares of The Hackett Group from a “b” rating to a “c+” rating in a research note on Tuesday, December 3rd. Finally, BidaskClub upgraded shares of The Hackett Group from a “sell” rating to a “hold” rating in a report on Thursday, December 12th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $20.00.
About The Hackett Group
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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