The Hackett Group, Inc. (NASDAQ:HCKT – Get Free Report) declared a quarterly dividend on Tuesday, May 7th, Zacks reports. Investors of record on Friday, June 21st will be paid a dividend of 0.11 per share by the business services provider on Friday, July 5th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend is Friday, June 21st.
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 24.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect The Hackett Group to earn $1.62 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 27.2%.
The Hackett Group Price Performance
NASDAQ HCKT traded up $0.33 on Thursday, reaching $21.89. The company had a trading volume of 71,021 shares, compared to its average volume of 89,951. The firm’s 50 day moving average price is $23.42 and its 200 day moving average price is $23.04. The Hackett Group has a 12 month low of $17.18 and a 12 month high of $26.69. The stock has a market capitalization of $603.84 million, a PE ratio of 17.39, a price-to-earnings-growth ratio of 1.15 and a beta of 0.87. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.36.
Analyst Upgrades and Downgrades
Several equities analysts have commented on HCKT shares. Barrington Research lowered their price objective on shares of The Hackett Group from $28.00 to $26.00 and set an “outperform” rating for the company in a research report on Wednesday. Craig Hallum upgraded The Hackett Group from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research report on Wednesday, February 21st. Finally, StockNews.com downgraded The Hackett Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 27th.
View Our Latest Research Report on HCKT
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.
See Also
- Five stocks we like better than The Hackett Group
- How to Capture the Benefits of Dividend Increases
- Roblox: The Bottom Just Fell Out of the Metaverse
- About the Markup Calculator
- Airbnb Stock Plummets After Earnings, But is It a Buy?
- Natural Gas Prices Continue To Rally, These Stocks Should Benefit
- Uber’s Earnings Drop Is Investors Opportunity
Receive News & Ratings for The Hackett Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Hackett Group and related companies with MarketBeat.com's FREE daily email newsletter.