The Hackett Group, Inc. (HCKT) to Issue Quarterly Dividend of $0.12 on April 4th

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 paid a dividend of 0.12 per share by the business services provider on Friday, April 4th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date 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 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 Stock Performance

HCKT stock opened at $28.36 on Wednesday. The stock has a market capitalization of $788.15 million, a PE ratio of 26.75, a price-to-earnings-growth ratio of 1.53 and a beta of 1.03. The Hackett Group has a 12-month low of $20.23 and a 12-month high of $34.02. 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 50 day simple moving average is $30.31 and its 200 day simple moving average is $29.02.

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

Analyst Ratings Changes

Several research firms have recently weighed in on HCKT. StockNews.com cut The Hackett Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 13th. Barrington Research increased their price target on The Hackett Group from $28.00 to $36.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus 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.