The Hackett Group, Inc. (NASDAQ:HCKT) Increases Dividend to $0.12 Per Share

The Hackett Group, Inc. (NASDAQ:HCKT) announced a quarterly dividend on Thursday, February 13th, Wall Street Journal reports. Stockholders of record on Friday, March 21st will be given a dividend of 0.12 per share by the business services provider on Friday, April 4th. This represents a $0.48 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend is Friday, March 21st. This is a 9.1% increase from The Hackett Group’s previous quarterly dividend of $0.11.

The Hackett Group has raised its dividend payment by an average of 3.2% annually over the last three years. The Hackett Group has a payout ratio of 25.3% meaning its dividend is sufficiently covered by earnings.

The Hackett Group Trading Up 0.1 %

Shares of HCKT stock opened at $28.36 on Wednesday. The Hackett Group has a 52-week low of $20.23 and a 52-week high of $34.02. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.51 and a current ratio of 1.51. The firm has a market capitalization of $788.15 million, a PE ratio of 26.75, a PEG ratio of 1.53 and a beta of 1.03. The stock has a fifty day simple moving average of $30.31 and a two-hundred day simple moving average of $29.02.

The Hackett Group (NASDAQ:HCKT) last issued its quarterly earnings results on Tuesday, February 18th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.06). The Hackett Group had a return on equity of 36.40% and a net margin of 9.44%. The business had revenue of $77.46 million during the quarter, compared to analysts’ expectations of $75.64 million. On average, analysts predict that The Hackett Group will post 1.43 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on HCKT. Barrington Research increased their price target on The Hackett Group from $28.00 to $36.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. StockNews.com lowered The Hackett Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 13th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $32.67.

The Hackett Group Company Profile

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.