The Hackett Group, Inc. (NASDAQ:HCKT) Announces Quarterly Dividend of $0.12

The Hackett Group, Inc. (NASDAQ:HCKT) declared a quarterly dividend on Wednesday, February 19th,Wall Street Journal reports. Investors 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 yield of 1.56%. The ex-dividend date is Friday, March 21st. This is an 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% per year over the last three years.

The Hackett Group Stock Performance

Shares of HCKT traded down $0.84 during trading hours on Wednesday, reaching $30.78. 250,134 shares of the company traded hands, compared to its average volume of 90,021. The stock has a market capitalization of $849.22 million, a P/E ratio of 25.23, a P/E/G ratio of 1.60 and a beta of 0.99. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.18. The Hackett Group has a 12-month low of $20.23 and a 12-month high of $34.02. The business has a fifty day moving average price of $30.90 and a 200-day moving average price of $28.46.

The Hackett Group (NASDAQ:HCKT) last issued its quarterly earnings data on Tuesday, February 18th. The business services provider reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.06). The firm had revenue of $77.46 million during the quarter, compared to analyst estimates of $75.64 million. The Hackett Group had a return on equity of 35.31% and a net margin of 11.05%. Equities analysts anticipate that The Hackett Group will post 1.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on HCKT. Craig Hallum upped their price objective on shares of The Hackett Group from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Barrington Research restated an “outperform” rating and set a $28.00 price target on shares of The Hackett Group in a research report on Tuesday, November 5th. Finally, Roth Mkm upped their price target on shares of 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 assigned a buy rating to the stock. According to data from MarketBeat.com, The Hackett Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.00.

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.