The Hackett Group Inc. (NASDAQ:HCKT) announced a semiannual dividend on Thursday, November 10th. Investors of record on Thursday, December 22nd will be paid a dividend of 0.13 per share on Thursday, January 5th. This represents a dividend yield of 1.63%. The ex-dividend date of this dividend is Tuesday, December 20th.

Shares of The Hackett Group (NASDAQ:HCKT) opened at 15.93 on Friday. The stock has a market capitalization of $454.91 million, a PE ratio of 31.24 and a beta of 1.01. The Hackett Group has a 52 week low of $12.44 and a 52 week high of $20.02. The company’s 50 day moving average is $16.17 and its 200-day moving average is $15.20.

The Hackett Group (NASDAQ:HCKT) last issued its quarterly earnings results on Monday, November 7th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The Hackett Group had a net margin of 6.80% and a return on equity of 23.12%. The company earned $74.12 million during the quarter, compared to analysts’ expectations of $73.10 million. During the same period last year, the company posted $0.20 EPS. The Hackett Group’s revenue was up 10.3% on a year-over-year basis. On average, equities analysts predict that The Hackett Group will post $0.89 earnings per share for the current year.

Dividend History for The Hackett Group (NASDAQ:HCKT)

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of The Hackett Group by 11.4% in the second quarter. Vanguard Group Inc. now owns 1,468,908 shares of the company’s stock worth $20,374,000 after buying an additional 150,727 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of The Hackett Group by 30.7% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 957,730 shares of the company’s stock worth $15,822,000 after buying an additional 224,840 shares in the last quarter. BlackRock Fund Advisors raised its stake in shares of The Hackett Group by 6.2% in the third quarter. BlackRock Fund Advisors now owns 621,473 shares of the company’s stock worth $10,267,000 after buying an additional 36,388 shares in the last quarter. FMR LLC raised its stake in shares of The Hackett Group by 13.3% in the second quarter. FMR LLC now owns 599,567 shares of the company’s stock worth $8,316,000 after buying an additional 70,600 shares in the last quarter. Finally, Panagora Asset Management Inc. raised its stake in shares of The Hackett Group by 4.1% in the second quarter. Panagora Asset Management Inc. now owns 356,035 shares of the company’s stock worth $4,938,000 after buying an additional 14,112 shares in the last quarter. Hedge funds and other institutional investors own 74.53% of the company’s stock.

A number of analysts have weighed in on HCKT shares. Zacks Investment Research upgraded shares of The Hackett Group from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Thursday. Barrington Research started coverage on shares of The Hackett Group in a research note on Monday, October 17th. They set an “outperform” rating and a $20.00 price objective for the company.

About The Hackett Group

The Hackett Group, Inc is an advisory and technology consulting company. The Company’s services include business transformation, enterprise performance management, working capital management and global business services. The Company is engaged in providing business and technology consulting services.

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