The Hackett Group, Inc. (NASDAQ:HCKT – Get Rating) declared a quarterly dividend on Tuesday, May 10th, Zacks reports. Investors of record on Friday, June 24th will be paid a dividend of 0.11 per share by the business services provider on Friday, July 8th. This represents a $0.44 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date is Thursday, June 23rd.
The Hackett Group has increased its dividend payment by an average of 5.6% annually over the last three years and has raised its dividend annually for the last 2 consecutive years. The Hackett Group has a dividend payout ratio of 27.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect The Hackett Group to earn $1.34 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 32.8%.
Shares of NASDAQ:HCKT opened at $18.19 on Tuesday. The company’s 50-day moving average price is $21.71 and its two-hundred day moving average price is $21.00. The Hackett Group has a one year low of $16.92 and a one year high of $24.78. The stock has a market capitalization of $574.62 million, a PE ratio of 12.99, a price-to-earnings-growth ratio of 0.99 and a beta of 0.61.
HCKT has been the subject of a number of research reports. Barrington Research assumed coverage on The Hackett Group in a report on Wednesday, May 11th. They set a “buy” rating and a $26.00 target price for the company. StockNews.com started coverage on shares of The Hackett Group in a report on Thursday, March 31st. They set a “strong-buy” rating on the stock.
Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its position in The Hackett Group by 0.7% during the 1st quarter. BlackRock Inc. now owns 1,941,457 shares of the business services provider’s stock worth $44,770,000 after buying an additional 14,206 shares during the period. Vanguard Group Inc. boosted its position in The Hackett Group by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 1,611,135 shares of the business services provider’s stock worth $37,153,000 after buying an additional 26,506 shares during the period. Bank of America Corp DE boosted its position in The Hackett Group by 6.5% during the 1st quarter. Bank of America Corp DE now owns 775,612 shares of the business services provider’s stock worth $17,886,000 after buying an additional 47,632 shares during the period. Earnest Partners LLC boosted its position in The Hackett Group by 7.2% during the 1st quarter. Earnest Partners LLC now owns 480,161 shares of the business services provider’s stock worth $11,073,000 after buying an additional 32,213 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of The Hackett Group by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 447,491 shares of the business services provider’s stock worth $9,186,000 after purchasing an additional 4,066 shares during the period. 74.11% of the stock is currently owned by institutional investors.
The Hackett Group Company Profile (Get Rating)
The Hackett Group, Inc operates as a strategic advisory and technology consulting firm primarily in North America and internationally. It offers best practice intelligence center, an online searchable repository; best practice accelerators that provide web-based access to best practices, customized software configuration tools, and best practice process flows; advisor inquiry for access to fact-based advice on proven approaches and methods; best practice 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, as well as intellectual property as-a-service and Hackett Institute programs.
- Get a free copy of the StockNews.com research report on The Hackett Group (HCKT)
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