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

The Hackett Group, Inc. (NASDAQ:HCKT) announced a quarterly dividend on Wednesday, February 19th, Wall Street Journal reports. Investors 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 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 increased its dividend payment by an average of 3.2% annually over the last three years.

The Hackett Group Stock Performance

NASDAQ HCKT opened at $30.69 on Friday. The company has a fifty day moving average price of $30.84 and a 200-day moving average price of $28.53. The firm has a market cap of $846.74 million, a price-to-earnings ratio of 28.95, a PEG ratio of 1.58 and a beta of 0.99. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.51 and a quick ratio of 1.51. The Hackett Group has a 1 year low of $20.23 and a 1 year high of $34.02.

The Hackett Group (NASDAQ:HCKT) last posted its quarterly earnings data on Tuesday, February 18th. The business services provider reported $0.35 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.06). The Hackett Group had a net margin of 9.44% and a return on equity of 36.40%. The firm had revenue of $77.46 million during the quarter, compared to analysts’ expectations of $75.64 million. As a group, equities research analysts predict that The Hackett Group will post 1.43 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. StockNews.com raised The Hackett Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Craig Hallum increased their price target on shares of The Hackett Group from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Barrington Research raised their price objective on shares of The Hackett Group from $28.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Roth Mkm boosted their target price on shares of The Hackett Group from $29.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $32.67.

About The Hackett Group

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.