The Hackett Group, Inc. (NASDAQ:HCKT – Get Free Report) 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.
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.
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