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

The Hackett Group, Inc. (NASDAQ:HCKT) announced a quarterly dividend on Wednesday, February 19th,Wall Street Journal reports. Shareholders 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 yield of 1.56%. The ex-dividend date of this dividend is Friday, March 21st. This is a positive change 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 Down 2.7 %

Shares of NASDAQ:HCKT opened at $30.78 on Thursday. 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 moving average price is $30.86 and its 200-day moving average price is $28.52. The stock has a market capitalization of $849.31 million, a P/E 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 quarterly earnings data on Tuesday, February 18th. The business services provider reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.06). The company 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 11.05% and a return on equity of 35.31%. On average, equities analysts anticipate that The Hackett Group will post 1.33 earnings per share for the current year.

Analyst Ratings Changes

HCKT has been the subject of a number of recent analyst reports. StockNews.com upgraded The Hackett Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday. 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 report on Tuesday, November 5th. Barrington Research reaffirmed an “outperform” rating and set a $28.00 target price on shares of The Hackett Group in a research note on Tuesday, November 5th. Finally, Roth Mkm increased 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 note on Tuesday, November 5th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average 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.