The Hackett Group, Inc. (HCKT) to Issue Quarterly Dividend of $0.12 on April 3rd

The Hackett Group, Inc. (NASDAQ:HCKT) declared a quarterly dividend on Tuesday, February 17th. Shareholders of record on Friday, March 20th will be given a dividend of 0.12 per share by the business services provider on Friday, April 3rd. This represents a c) dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Friday, March 20th.

The Hackett Group has increased its dividend by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 1 consecutive years. The Hackett Group has a dividend payout ratio of 26.2% meaning its dividend is sufficiently covered by earnings.

The Hackett Group Price Performance

The Hackett Group stock opened at $15.22 on Thursday. The stock has a market capitalization of $412.92 million, a P/E ratio of 32.38, a P/E/G ratio of 0.87 and a beta of 1.03. The Hackett Group has a 12-month low of $13.54 and a 12-month high of $34.02. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.88 and a quick ratio of 1.88. The firm’s 50-day moving average is $18.70 and its two-hundred day moving average is $19.24.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Barrington Research set a $17.00 target price on shares of The Hackett Group in a research note on Wednesday. Weiss Ratings downgraded The Hackett Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, February 5th. Finally, Roth Mkm set a $24.00 target price on The Hackett Group in a research report on Wednesday. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $20.50.

The Hackett Group Company Profile

The Hackett Group is a global strategic advisory firm specializing in business transformation, benchmarking and research. Leveraging a proprietary data repository and the Hackett Methodology®, the company helps organizations optimize performance across enterprise functions. Its advisory services span digital transformation, process optimization and operational excellence, enabling clients to identify best practices, streamline workflows and achieve sustainable cost savings.

Through detailed benchmarking studies and industry research, The Hackett Group delivers actionable insights into finance, procurement, human resources, information technology and supply chain management.