The Hackett Group, Inc. (NASDAQ:HCKT – Get Free Report) announced a quarterly dividend on Tuesday, August 6th, Zacks reports. Investors of record on Friday, September 20th will be paid a dividend of 0.11 per share by the business services provider on Friday, October 4th. This represents a $0.44 annualized dividend and a yield of 1.72%. The ex-dividend date is Friday, September 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 dividend payout ratio of 25.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect The Hackett Group to earn $1.46 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 30.1%.
The Hackett Group Price Performance
Shares of HCKT traded down $0.16 during trading hours on Thursday, hitting $25.61. The stock had a trading volume of 9,551 shares, compared to its average volume of 98,173. The stock has a market capitalization of $707.19 million, a price-to-earnings ratio of 20.45, a P/E/G ratio of 1.55 and a beta of 0.91. The company’s fifty day moving average is $22.97 and its two-hundred day moving average is $23.12. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.66 and a quick ratio of 1.66. The Hackett Group has a 52 week low of $20.23 and a 52 week high of $27.68.
Analysts Set New Price Targets
Separately, Barrington Research reaffirmed an “outperform” rating and set a $26.00 price target on shares of The Hackett Group in a research note on Tuesday, May 28th.
Get Our Latest Analysis on HCKT
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.
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