The Hackett Group, Inc. (HCKT) Increases Dividend to $0.17 Per Share

The Hackett Group, Inc. (NASDAQ:HCKT) declared a Semi-Annual dividend on Tuesday, May 8th, Zacks reports. Stockholders of record on Friday, June 29th will be given a dividend of 0.17 per share by the business services provider on Wednesday, July 11th. This represents a dividend yield of 2.14%. The ex-dividend date of this dividend is Thursday, June 28th. This is a positive change from The Hackett Group’s previous Semi-Annual dividend of $0.15.

Shares of The Hackett Group traded up $0.05, reaching $16.40, during trading hours on Friday, MarketBeat reports. The stock had a trading volume of 241,229 shares, compared to its average volume of 69,890. The Hackett Group has a 12 month low of $13.24 and a 12 month high of $19.24. The firm has a market capitalization of $480.84 million, a P/E ratio of 21.58, a price-to-earnings-growth ratio of 1.21 and a beta of 0.78. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.16.

The Hackett Group (NASDAQ:HCKT) last announced its earnings results on Tuesday, May 8th. The business services provider reported $0.26 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.26. The Hackett Group had a net margin of 9.35% and a return on equity of 24.35%. The business had revenue of $72.70 million during the quarter, compared to analyst estimates of $72.03 million. During the same period in the previous year, the business posted $0.23 earnings per share. The Hackett Group’s revenue for the quarter was up 1.8% on a year-over-year basis. sell-side analysts predict that The Hackett Group will post 0.9 EPS for the current year.

Several equities research analysts have issued reports on the stock. BidaskClub lowered shares of The Hackett Group from a “hold” rating to a “sell” rating in a research report on Friday, June 8th. Zacks Investment Research upgraded shares of The Hackett Group from a “sell” rating to a “hold” rating in a research report on Friday, June 8th. Barrington Research set a $22.00 target price on shares of The Hackett Group and gave the company a “buy” rating in a research report on Tuesday, May 15th. Finally, ValuEngine upgraded shares of The Hackett Group from a “sell” rating to a “hold” rating in a research report on Friday, May 11th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $19.25.

About The Hackett Group

The Hackett Group, Inc operates as a strategic advisory and technology consulting firm primarily in North America and European countries. Its executive advisory programs include best practice intelligence center, an online searchable repository of best practices, performance metrics, conference presentations, and associated research; best practice accelerators that provide Web based access to best practices, customized software configuration tools, and best practice process flows; advisor inquiry, an inquiry service used by clients for access to fact-based advice on proven approaches and methods; best practice research, a 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.

Dividend History for The Hackett Group (NASDAQ:HCKT)

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