The Hackett Group, Inc. (NASDAQ:HCKT – Get Free Report) declared a quarterly dividend on Tuesday, May 5th. Stockholders of record on Monday, June 22nd will be paid a dividend of 0.12 per share by the business services provider on Monday, July 6th. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend is Monday, June 22nd.
The Hackett Group has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 1 consecutive years. The Hackett Group has a payout ratio of 26.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect The Hackett Group to earn $1.50 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 32.0%.
The Hackett Group Price Performance
Shares of NASDAQ:HCKT opened at $10.21 on Thursday. The Hackett Group has a twelve month low of $9.48 and a twelve month high of $26.29. The stock’s 50 day moving average is $13.36 and its 200-day moving average is $16.68. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $257.50 million, a price-to-earnings ratio of 19.26, a PEG ratio of 0.91 and a beta of 0.96.
Hedge Funds Weigh In On The Hackett Group
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Huntington National Bank increased its holdings in The Hackett Group by 147.7% during the third quarter. Huntington National Bank now owns 1,635 shares of the business services provider’s stock worth $31,000 after buying an additional 975 shares during the last quarter. MAI Capital Management increased its stake in shares of The Hackett Group by 98.4% during the 3rd quarter. MAI Capital Management now owns 1,730 shares of the business services provider’s stock worth $33,000 after purchasing an additional 858 shares during the last quarter. Quadrant Capital Group LLC bought a new stake in shares of The Hackett Group in the 4th quarter worth approximately $41,000. Danske Bank A S purchased a new position in The Hackett Group in the fourth quarter valued at approximately $49,000. Finally, Caitong International Asset Management Co. Ltd grew its holdings in The Hackett Group by 53,500.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,216 shares of the business services provider’s stock valued at $63,000 after purchasing an additional 3,210 shares during the period. 78.12% of the stock is owned by hedge funds and other institutional investors.
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.
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