The Hackett Group, Inc. (NASDAQ:HCKT – Get Free Report) announced a quarterly dividend on Tuesday, May 7th, Zacks reports. Shareholders of record on Friday, June 21st will be given a dividend of 0.11 per share by the business services provider on Friday, July 5th. This represents a $0.44 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend is Friday, June 21st.
The Hackett Group has increased its dividend by an average of 15.6% annually over the last three years. The Hackett Group has a payout ratio of 24.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect The Hackett Group to earn $1.62 per share next year, which means the company should continue to be able to cover its $0.44 annual dividend with an expected future payout ratio of 27.2%.
The Hackett Group Trading Up 1.4 %
Shares of HCKT traded up $0.30 during midday trading on Thursday, reaching $21.86. The company had a trading volume of 115,657 shares, compared to its average volume of 90,485. The Hackett Group has a 1-year low of $17.18 and a 1-year high of $26.69. The stock has a market cap of $603.01 million, a PE ratio of 17.63, a price-to-earnings-growth ratio of 1.15 and a beta of 0.87. The firm has a 50 day simple moving average of $23.42 and a 200-day simple moving average of $23.04. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.36.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on HCKT shares. Craig Hallum raised The Hackett Group from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a report on Wednesday, February 21st. StockNews.com downgraded The Hackett Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 27th. Finally, Barrington Research reduced their price objective on The Hackett Group from $28.00 to $26.00 and set an “outperform” rating on the stock in a research report on Wednesday.
Get Our Latest Report on The Hackett Group
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.
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