The Hackett Group, Inc. (NASDAQ:HCKT) Plans Quarterly Dividend of $0.11

The Hackett Group, Inc. (NASDAQ:HCKT) announced a quarterly dividend on Thursday, October 31st,Zacks Dividends reports. Shareholders of record on Friday, December 20th will be paid a dividend of 0.11 per share by the business services provider on Friday, January 3rd. This represents a $0.44 annualized dividend and a yield of 1.37%. The ex-dividend date is Friday, December 20th.

The Hackett Group has raised its dividend payment by an average of 15.6% per year 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. Equities analysts expect The Hackett Group to earn $1.43 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 30.8%.

The Hackett Group Stock Down 0.2 %

Shares of HCKT opened at $32.04 on Wednesday. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.18. The Hackett Group has a 12 month low of $20.23 and a 12 month high of $32.83. The firm’s 50 day moving average is $28.98 and its 200-day moving average is $26.02. The stock has a market capitalization of $884.08 million, a PE ratio of 26.26, a P/E/G ratio of 1.73 and a beta of 1.00.

Analysts Set New Price Targets

A number of equities analysts have commented on HCKT shares. Roth Mkm raised their price objective on The Hackett Group from $29.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Barrington Research reissued an “outperform” rating and set a $28.00 target price on shares of The Hackett Group in a report on Tuesday, November 5th. Finally, Craig Hallum boosted their price target on 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 and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $30.00.

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.