The Hackett Group, Inc. (NASDAQ:HCKT) Declares Quarterly Dividend of $0.12

The Hackett Group, Inc. (NASDAQ:HCKT) declared a quarterly dividend on Tuesday, February 17th. Investors of record on Friday, March 20th will be given a dividend of 0.12 per share by the business services provider on Friday, April 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Friday, March 20th.

The Hackett Group has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. The Hackett Group has a payout ratio of 26.2% indicating that its dividend is sufficiently covered by earnings.

The Hackett Group Stock Performance

Shares of HCKT traded up $1.01 during midday trading on Wednesday, reaching $14.84. 226,113 shares of the stock were exchanged, compared to its average volume of 216,617. The business’s 50-day moving average price is $18.80 and its 200 day moving average price is $19.27. The Hackett Group has a twelve month low of $13.54 and a twelve month high of $34.02. The company has a market capitalization of $402.71 million, a price-to-earnings ratio of 38.82, a PEG ratio of 0.88 and a beta of 1.03. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.88 and a quick ratio of 1.88.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quaker Wealth Management LLC raised its stake in The Hackett Group by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 1,143 shares of the business services provider’s stock worth $29,000 after purchasing an additional 2,286 shares during the period. Huntington National Bank raised its position in shares of The Hackett Group by 147.7% in the 3rd quarter. Huntington National Bank now owns 1,635 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 975 shares in the last quarter. MAI Capital Management raised its holdings in The Hackett Group by 98.4% in the third quarter. MAI Capital Management now owns 1,730 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 858 shares in the last quarter. Quadrant Capital Group LLC acquired a new stake in The Hackett Group during the fourth quarter valued at approximately $41,000. Finally, Danske Bank A S bought a new position in The Hackett Group during the 4th quarter worth approximately $49,000. 78.12% of the stock is currently owned by hedge funds and other institutional investors.

About The Hackett Group

The Hackett Group is a global strategic advisory firm specializing in business transformation, benchmarking and research. Leveraging a proprietary data repository and the Hackett Methodology®, the company helps organizations optimize performance across enterprise functions. Its advisory services span digital transformation, process optimization and operational excellence, enabling clients to identify best practices, streamline workflows and achieve sustainable cost savings.

Through detailed benchmarking studies and industry research, The Hackett Group delivers actionable insights into finance, procurement, human resources, information technology and supply chain management.