The Hackett Group, Inc. Announces Quarterly Dividend of $0.11 (NASDAQ:HCKT)

The Hackett Group, Inc. (NASDAQ:HCKT) declared a quarterly dividend on Thursday, August 3rd, Zacks reports. Investors of record on Friday, September 22nd will be given a dividend of 0.11 per share by the business services provider on Friday, October 6th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date is Thursday, September 21st.

The Hackett Group has raised its dividend payment by an average of 6.9% per year over the last three years and has raised its dividend every year for the last 2 years. The Hackett Group has a dividend payout ratio of 26.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect The Hackett Group to earn $1.42 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 31.0%.

The Hackett Group Stock Performance

Shares of NASDAQ HCKT opened at $23.71 on Tuesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.64 and a current ratio of 1.64. The firm has a market cap of $645.39 million, a P/E ratio of 18.97, a PEG ratio of 1.42 and a beta of 0.85. The stock has a fifty day moving average price of $23.38 and a two-hundred day moving average price of $20.82. The Hackett Group has a 1 year low of $17.10 and a 1 year high of $24.82.

The Hackett Group (NASDAQ:HCKT) last released its earnings results on Tuesday, August 8th. The business services provider reported $0.29 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.03). The business had revenue of $75.64 million for the quarter, compared to analyst estimates of $72.90 million. The Hackett Group had a net margin of 12.73% and a return on equity of 38.35%. Research analysts forecast that The Hackett Group will post 1.26 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

HCKT has been the subject of several recent analyst reports. StockNews.com cut shares of The Hackett Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 2nd. Barrington Research upped their price target on The Hackett Group from $24.00 to $28.00 and gave the company an “outperform” rating in a research report on Wednesday, August 9th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HCKT. Quarry LP acquired a new stake in shares of The Hackett Group during the 1st quarter valued at $36,000. Point72 Middle East FZE purchased a new stake in shares of The Hackett Group during the fourth quarter worth $65,000. Advisor Group Holdings Inc. boosted its position in The Hackett Group by 22.4% during the first quarter. Advisor Group Holdings Inc. now owns 4,310 shares of the business services provider’s stock valued at $99,000 after purchasing an additional 790 shares during the last quarter. Lazard Asset Management LLC grew its stake in The Hackett Group by 177.7% in the second quarter. Lazard Asset Management LLC now owns 5,357 shares of the business services provider’s stock valued at $119,000 after purchasing an additional 3,428 shares in the last quarter. Finally, Citigroup Inc. increased its position in The Hackett Group by 148.9% in the 4th quarter. Citigroup Inc. now owns 6,268 shares of the business services provider’s stock worth $128,000 after purchasing an additional 3,750 shares during the last quarter. 81.69% of the stock is owned by hedge funds and other institutional investors.

The Hackett Group Company Profile

The Hackett Group, Inc operates as a strategic advisory and technology consulting firm primarily in the United States, Europe, and internationally. The company operates through three segments: Global Strategy & Business Transformation, Oracle Solutions, and SAP Solutions. It offers Hackett Connect, an online searchable repository; best practice accelerators that provide web-based access to best practices, customized software configuration tools, and best practice process flows; advisor inquiry for access to fact-based advice on proven approaches and methods; best practice research that provides insights into the proven approaches; and peer interaction comprising member-led webcasts, annual best practice conferences, annual member forums, membership performance surveys, and client-submitted content, as well as intellectual property as-a-service and Hackett Institute programs.