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

The Hackett Group, Inc. (NASDAQ:HCKT) announced a quarterly dividend on Wednesday, February 19th,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 1.56%. The ex-dividend date of this dividend is Friday, March 21st. This is an increase from The Hackett Group’s previous quarterly dividend of $0.11.

The Hackett Group has increased its dividend by an average of 3.2% annually over the last three years.

The Hackett Group Stock Down 2.7 %

The Hackett Group stock opened at $30.78 on Thursday. The Hackett Group has a fifty-two week low of $20.23 and a fifty-two 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’s 50-day simple moving average is $30.86 and its 200 day simple moving average is $28.52. The stock has a market cap of $849.31 million, a PE ratio of 25.23, a price-to-earnings-growth ratio of 1.60 and a beta of 0.99.

The Hackett Group (NASDAQ:HCKT) last announced its earnings results 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 business had revenue of $77.46 million during the quarter, compared to analysts’ expectations of $75.64 million. The Hackett Group had a return on equity of 35.31% and a net margin of 11.05%. Research analysts predict that The Hackett Group will post 1.33 EPS for the current fiscal year.

Analysts Set New Price Targets

HCKT has been the topic of a number of research analyst reports. StockNews.com raised shares of The Hackett Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Barrington Research restated an “outperform” rating and set a $28.00 price target on shares of The Hackett Group in a research note on Tuesday, November 5th. Craig Hallum upped their price objective on The Hackett Group from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Finally, Roth Mkm lifted their target price on shares of The Hackett Group from $29.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “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.