The Hackett Group, Inc. (HCKT) To Go Ex-Dividend on June 20th

The Hackett Group, Inc. (NASDAQ:HCKT) announced a quarterly dividend on Thursday, May 1st, Wall Street Journal reports. Stockholders of record on Friday, June 20th will be given a dividend of 0.12 per share by the business services provider on Monday, July 7th. This represents a $0.48 annualized dividend and a dividend yield of 1.99%. The ex-dividend date is Friday, June 20th.

The Hackett Group has a payout ratio of 26.2% meaning its dividend is sufficiently covered by earnings.

The Hackett Group Stock Down 1.4%

The Hackett Group stock opened at $24.08 on Wednesday. The Hackett Group has a fifty-two week low of $21.12 and a fifty-two week high of $34.02. The firm has a market capitalization of $666.05 million, a PE ratio of 28.33, a P/E/G ratio of 1.43 and a beta of 0.95. The company’s 50-day moving average is $25.30 and its 200-day moving average is $28.49. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.59 and a quick ratio of 1.59.

Hedge Funds Weigh In On The Hackett Group

Institutional investors have recently modified their holdings of the business. Jane Street Group LLC bought a new stake in shares of The Hackett Group during the first quarter worth $1,379,000. Royal Bank of Canada boosted its position in The Hackett Group by 253.5% during the 1st quarter. Royal Bank of Canada now owns 32,776 shares of the business services provider’s stock worth $957,000 after buying an additional 23,503 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in The Hackett Group by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,007 shares of the business services provider’s stock worth $439,000 after acquiring an additional 614 shares during the last quarter. Institutional investors and hedge funds own 78.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on HCKT. Barrington Research cut their price objective on shares of The Hackett Group from $36.00 to $32.00 and set an “outperform” rating for the company in a report on Wednesday, May 7th. Wall Street Zen downgraded shares of The Hackett Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 24th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $31.33.

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.