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

The Hackett Group, Inc. (NASDAQ:HCKT) was the target of a significant growth in short interest in January. As of January 31st, there was short interest totalling 256,900 shares, a growth 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 presently 2.8 days. Currently, 1.0% of the shares of the stock are short sold.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Barrington Research restated an “outperform” rating and issued a $28.00 price target on shares of The Hackett Group in a research report on Tuesday, November 5th. Craig Hallum increased their price objective 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. Finally, Roth Mkm increased their price objective 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 analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $30.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Versant Capital Management Inc boosted its position in shares of The Hackett Group by 353.1% during the fourth quarter. Versant Capital Management Inc now owns 947 shares of the business services provider’s stock worth $29,000 after buying an additional 738 shares during the period. Financial Management Professionals Inc. purchased a new position in shares of The Hackett Group during the third quarter worth $54,000. Quantbot Technologies LP boosted its position in shares of The Hackett Group by 383.4% during the third quarter. Quantbot Technologies LP now owns 2,741 shares of the business services provider’s stock worth $72,000 after buying an additional 2,174 shares during the period. CWM LLC boosted its position in shares of The Hackett Group by 8.4% during the third quarter. CWM LLC now owns 5,061 shares of the business services provider’s stock worth $133,000 after buying an additional 394 shares during the period. Finally, Longboard Asset Management LP purchased a new position in shares of The Hackett Group during the fourth quarter worth $207,000. 78.12% of the stock is currently owned by hedge funds and other institutional investors.

The Hackett Group Trading Down 0.2 %

The Hackett Group stock traded down $0.07 during mid-day trading on Tuesday, hitting $31.88. The company’s stock had a trading volume of 26,743 shares, compared to its average volume of 80,901. The firm has a market capitalization of $879.43 million, a PE ratio of 26.13, a price-to-earnings-growth ratio of 1.60 and a beta of 0.99. The Hackett Group has a 1 year low of $20.23 and a 1 year high of $32.83. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.18. The stock’s fifty day moving average is $30.90 and its two-hundred day moving average is $28.43.

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.