Corebridge Financial Inc. Has $386,000 Stake in The Hackett Group, Inc. (NASDAQ:HCKT)

Corebridge Financial Inc. reduced its stake in shares of The Hackett Group, Inc. (NASDAQ:HCKT) by 7.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 12,572 shares of the business services provider’s stock after selling 949 shares during the quarter. Corebridge Financial Inc.’s holdings in The Hackett Group were worth $386,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in HCKT. Swiss National Bank lifted its holdings in The Hackett Group by 1.4% during the 4th quarter. Swiss National Bank now owns 48,992 shares of the business services provider’s stock valued at $1,505,000 after purchasing an additional 700 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of The Hackett Group by 353.1% in the fourth quarter. Versant Capital Management Inc now owns 947 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 738 shares during the last quarter. Sanctuary Advisors LLC boosted its holdings in shares of The Hackett Group by 4.6% in the 4th quarter. Sanctuary Advisors LLC now owns 23,836 shares of the business services provider’s stock worth $738,000 after acquiring an additional 1,059 shares in the last quarter. Avantax Advisory Services Inc. grew its position in The Hackett Group by 2.5% during the 4th quarter. Avantax Advisory Services Inc. now owns 46,927 shares of the business services provider’s stock worth $1,442,000 after acquiring an additional 1,149 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in The Hackett Group by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 266,317 shares of the business services provider’s stock valued at $6,996,000 after purchasing an additional 1,350 shares in the last quarter. Institutional investors and hedge funds own 78.12% of the company’s stock.

The Hackett Group Stock Up 3.3 %

HCKT stock opened at $26.90 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.51 and a quick ratio of 1.51. The Hackett Group, Inc. has a fifty-two week low of $20.23 and a fifty-two week high of $34.02. The stock has a market capitalization of $747.58 million, a P/E ratio of 25.38, a P/E/G ratio of 1.53 and a beta of 0.98. The business has a 50-day moving average of $29.55 and a 200-day moving average of $29.26.

The Hackett Group (NASDAQ:HCKT) last issued its quarterly earnings results on Tuesday, February 18th. The business services provider reported $0.35 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.06). The company had revenue of $77.46 million for the quarter, compared to analyst estimates of $75.64 million. The Hackett Group had a net margin of 9.44% and a return on equity of 36.40%. On average, sell-side analysts anticipate that The Hackett Group, Inc. will post 1.43 earnings per share for the current fiscal year.

The Hackett Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 21st were issued a dividend of $0.12 per share. This is an increase from The Hackett Group’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Friday, March 21st. This represents a $0.48 annualized dividend and a yield of 1.78%. The Hackett Group’s dividend payout ratio (DPR) is currently 45.28%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Barrington Research raised their price objective on shares of The Hackett Group from $28.00 to $36.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. StockNews.com lowered shares of The Hackett Group from a “strong-buy” rating to a “buy” rating in a report on Thursday. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, The Hackett Group presently has an average rating of “Moderate Buy” and a consensus price target of $32.67.

About The Hackett Group

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.