The Hackett Group, Inc. (NASDAQ:HCKT) to Issue $0.12 Quarterly Dividend

The Hackett Group, Inc. (NASDAQ:HCKT) announced a quarterly dividend on Tuesday, February 17th. Stockholders of record on Friday, March 20th will be paid 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 increased its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 1 years. The Hackett Group has a dividend payout ratio of 26.2% meaning its dividend is sufficiently covered by earnings.

The Hackett Group Stock Performance

Shares of The Hackett Group stock traded up $1.02 on Wednesday, hitting $14.85. The stock had a trading volume of 195,171 shares, compared to its average volume of 214,146. The stock has a market cap of $402.95 million, a price-to-earnings ratio of 39.16, a price-to-earnings-growth ratio of 0.88 and a beta of 1.03. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.43. The Hackett Group has a twelve month low of $13.54 and a twelve month high of $34.02. The business’s 50 day moving average is $18.80 and its two-hundred day moving average is $19.27.

Institutional Investors Weigh In On The Hackett Group

Several institutional investors and hedge funds have recently bought and sold shares of HCKT. Royce & Associates LP grew its stake in The Hackett Group by 44.1% during the third quarter. Royce & Associates LP now owns 2,581,331 shares of the business services provider’s stock worth $49,071,000 after buying an additional 790,522 shares in the last quarter. Millennium Management LLC raised its position in shares of The Hackett Group by 122.9% in the 3rd quarter. Millennium Management LLC now owns 807,457 shares of the business services provider’s stock valued at $15,350,000 after buying an additional 445,267 shares in the last quarter. UBS Group AG lifted its holdings in shares of The Hackett Group by 207.4% during the 4th quarter. UBS Group AG now owns 411,992 shares of the business services provider’s stock worth $8,087,000 after acquiring an additional 277,987 shares during the period. Weber Capital Management LLC ADV bought a new stake in shares of The Hackett Group during the 4th quarter worth approximately $4,587,000. Finally, Goldman Sachs Group Inc. boosted its position in shares of The Hackett Group by 123.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 401,972 shares of the business services provider’s stock worth $7,891,000 after acquiring an additional 222,065 shares in the last quarter. Institutional investors own 78.12% of the company’s stock.

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.