Short Interest in The Hackett Group, Inc. (NASDAQ:HCKT) Declines By 20.7%
by Tristan Rich · The Markets DailyThe Hackett Group, Inc. (NASDAQ:HCKT – Get Free Report) was the recipient of a large drop in short interest in December. As of December 15th, there was short interest totaling 1,021,011 shares, a drop of 20.7% from the November 30th total of 1,287,246 shares. Currently, 4.2% of the shares of the stock are short sold. Based on an average trading volume of 462,220 shares, the days-to-cover ratio is presently 2.2 days. Based on an average trading volume of 462,220 shares, the days-to-cover ratio is presently 2.2 days. Currently, 4.2% of the shares of the stock are short sold.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the company. Barrington Research reiterated an “outperform” rating and set a $27.00 price objective on shares of The Hackett Group in a report on Monday, October 27th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of The Hackett Group in a research report on Monday. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $27.00.
Get Our Latest Report on The Hackett Group
Institutional Investors Weigh In On The Hackett Group
A number of institutional investors and hedge funds have recently modified their holdings of HCKT. CWC Advisors LLC. lifted its position in shares of The Hackett Group by 2.6% during the second quarter. CWC Advisors LLC. now owns 16,600 shares of the business services provider’s stock valued at $422,000 after buying an additional 428 shares during the last quarter. Rhumbline Advisers raised its holdings in The Hackett Group by 1.5% in the 2nd quarter. Rhumbline Advisers now owns 39,506 shares of the business services provider’s stock worth $1,004,000 after purchasing an additional 581 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in The Hackett Group by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,007 shares of the business services provider’s stock valued at $439,000 after purchasing an additional 614 shares in the last quarter. Haven Private LLC boosted its stake in shares of The Hackett Group by 2.3% in the second quarter. Haven Private LLC now owns 31,157 shares of the business services provider’s stock worth $792,000 after acquiring an additional 695 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in The Hackett Group by 7.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,773 shares of the business services provider’s stock valued at $248,000 after acquiring an additional 707 shares in the last quarter. 78.12% of the stock is owned by institutional investors.
The Hackett Group Stock Performance
HCKT traded down $0.19 on Thursday, hitting $19.63. The company’s stock had a trading volume of 150,517 shares, compared to its average volume of 364,984. The Hackett Group has a 12 month low of $17.52 and a 12 month high of $34.02. The firm has a market cap of $532.56 million, a P/E ratio of 51.66, a price-to-earnings-growth ratio of 1.43 and a beta of 1.04. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.43. The company’s 50 day simple moving average is $18.98 and its 200-day simple moving average is $20.75.
The Hackett Group (NASDAQ:HCKT – Get Free Report) last issued its earnings results on Tuesday, November 4th. The business services provider reported $0.37 EPS for the quarter, hitting analysts’ consensus estimates of $0.37. The company had revenue of $73.10 million for the quarter, compared to analysts’ expectations of $74.82 million. The Hackett Group had a net margin of 3.53% and a return on equity of 23.20%. The Hackett Group has set its Q4 2025 guidance at 0.380-0.400 EPS. Analysts forecast that The Hackett Group will post 1.43 EPS for the current year.
The Hackett Group Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Tuesday, December 23rd will be given a dividend of $0.12 per share. The ex-dividend date is Tuesday, December 23rd. This represents a $0.48 annualized dividend and a dividend yield of 2.4%. The Hackett Group’s dividend payout ratio (DPR) is currently 126.32%.
About The Hackett Group
The Hackett Group is a global strategic advisory firm specializing in business transformation, benchmarking and research. Leveraging a proprietary data repository and the Hackett Methodology®, the company helps organizations optimize performance across enterprise functions. Its advisory services span digital transformation, process optimization and operational excellence, enabling clients to identify best practices, streamline workflows and achieve sustainable cost savings.
Through detailed benchmarking studies and industry research, The Hackett Group delivers actionable insights into finance, procurement, human resources, information technology and supply chain management.