The Hackett Group, Inc. (NASDAQ:HCKT) Plans Quarterly Dividend of $0.12

The Hackett Group, Inc. (NASDAQ:HCKT - Get Free Report) 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 dividend yield of 1.59%. 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 raised its dividend payment by an average of 3.2% annually over the last three years.

The Hackett Group Stock Performance

Shares of HCKT stock traded down $0.51 during trading hours on Friday, reaching $30.18. The stock had a trading volume of 201,908 shares, compared to its average volume of 97,003. 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 twelve month low of $20.23 and a twelve month high of $34.02. The firm has a 50-day simple moving average of $30.84 and a 200-day simple moving average of $28.53. The firm has a market capitalization of $832.67 million, a PE ratio of 28.47, a price-to-earnings-growth ratio of 1.54 and a beta of 0.99.

The Hackett Group (NASDAQ:HCKT - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The business services provider reported $0.35 earnings per share for the quarter, missing analysts' consensus estimates of $0.41 by ($0.06). The Hackett Group had a return on equity of 36.40% and a net margin of 9.44%. The firm had revenue of $77.46 million during the quarter, compared to analyst estimates of $75.64 million. As a group, equities analysts forecast that The Hackett Group will post 1.43 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on HCKT shares. Barrington Research raised their target price on shares of The Hackett Group from $28.00 to $36.00 and gave the company an "outperform" rating in a research note on Thursday. StockNews.com raised shares of The Hackett Group from a "buy" rating to a "strong-buy" rating in a research note on Wednesday. Roth Mkm raised 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. Finally, Craig Hallum raised their target price on shares of The Hackett Group from $30.00 to $32.00 and gave the company a "buy" rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, The Hackett Group currently has an average rating of "Buy" and a consensus target price of $32.67.

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.