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

The Hackett Group, Inc. (NASDAQ:HCKT) declared a quarterly dividend on Monday, November 4th, Zacks reports. Investors of record on Friday, December 20th will be given a dividend of 0.11 per share by the business services provider on Friday, January 3rd. This represents a $0.44 annualized dividend and a dividend yield of 1.45%. The ex-dividend date is Friday, December 20th.

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 25.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect The Hackett Group to earn $1.43 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 30.8%.

The Hackett Group Stock Up 5.7 %

Shares of HCKT traded up $1.63 during trading on Wednesday, reaching $30.25. The company’s stock had a trading volume of 63,659 shares, compared to its average volume of 101,744. The company has a market cap of $836.32 million, a price-to-earnings ratio of 22.90, a P/E/G ratio of 1.35 and a beta of 0.91. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.26. The company has a fifty day moving average of $25.68 and a two-hundred day moving average of $24.00. The Hackett Group has a twelve month low of $20.23 and a twelve month high of $30.70.

The Hackett Group (NASDAQ:HCKT) last posted its quarterly earnings data on Tuesday, August 6th. The business services provider reported $0.31 EPS for the quarter, meeting analysts’ consensus estimates of $0.31. The firm had revenue of $75.90 million for the quarter, compared to the consensus estimate of $74.16 million. The Hackett Group had a net margin of 11.46% and a return on equity of 38.20%. On average, sell-side analysts predict that The Hackett Group will post 1.28 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Craig Hallum upped their price objective on The Hackett Group from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday. Barrington Research reissued an “outperform” rating and set a $28.00 price target on shares of The Hackett Group in a research report on Tuesday. Roth Capital downgraded shares of The Hackett Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 7th. Finally, Roth Mkm increased their target price on shares of The Hackett Group from $29.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, The Hackett Group has a consensus rating of “Moderate Buy” and a consensus target price of $30.00.

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.