Pacer Advisors Inc. Acquires New Shares in Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Pacer Advisors Inc. bought a new position in Heidrick & Struggles International, Inc. (NASDAQ:HSII) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 948,016 shares of the business services provider’s stock, valued at approximately $29,938,000.

Other large investors have also recently bought and sold shares of the company. Wellington Management Group LLP increased its stake in shares of Heidrick & Struggles International by 95.0% in the fourth quarter. Wellington Management Group LLP now owns 223,616 shares of the business services provider’s stock valued at $6,603,000 after buying an additional 108,916 shares during the period. Invenomic Capital Management LP increased its position in Heidrick & Struggles International by 31.5% in the 1st quarter. Invenomic Capital Management LP now owns 389,950 shares of the business services provider’s stock valued at $13,126,000 after acquiring an additional 93,400 shares during the period. Russell Investments Group Ltd. raised its stake in shares of Heidrick & Struggles International by 158.6% during the first quarter. Russell Investments Group Ltd. now owns 115,663 shares of the business services provider’s stock valued at $3,893,000 after acquiring an additional 70,940 shares during the last quarter. Allianz Asset Management GmbH grew its stake in shares of Heidrick & Struggles International by 37.7% in the fourth quarter. Allianz Asset Management GmbH now owns 163,130 shares of the business services provider’s stock worth $4,817,000 after purchasing an additional 44,652 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Heidrick & Struggles International by 2.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,376,789 shares of the business services provider’s stock valued at $43,479,000 after purchasing an additional 29,820 shares during the period. 90.13% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CFO Mark R. Harris sold 7,500 shares of the business’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $40.70, for a total value of $305,250.00. Following the completion of the sale, the chief financial officer now directly owns 65,953 shares of the company’s stock, valued at approximately $2,684,287.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Heidrick & Struggles International news, CFO Mark R. Harris sold 7,500 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $40.70, for a total transaction of $305,250.00. Following the transaction, the chief financial officer now owns 65,953 shares in the company, valued at $2,684,287.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Sarah Payne sold 8,691 shares of Heidrick & Struggles International stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $40.40, for a total transaction of $351,116.40. Following the transaction, the insider now owns 27,451 shares of the company’s stock, valued at $1,109,020.40. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Heidrick & Struggles International Trading Down 1.9 %

HSII stock opened at $38.10 on Monday. Heidrick & Struggles International, Inc. has a 1-year low of $22.52 and a 1-year high of $41.94. The stock has a 50-day moving average price of $36.85 and a 200-day moving average price of $34.01. The firm has a market cap of $771.45 million, a PE ratio of 14.88, a price-to-earnings-growth ratio of 0.86 and a beta of 0.85.

Heidrick & Struggles International (NASDAQ:HSII) last issued its quarterly earnings results on Monday, July 29th. The business services provider reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.11. The firm had revenue of $282.88 million for the quarter, compared to analyst estimates of $265.69 million. Heidrick & Struggles International had a return on equity of 12.66% and a net margin of 3.59%. During the same period in the previous year, the firm earned $0.73 earnings per share. On average, analysts forecast that Heidrick & Struggles International, Inc. will post 2.62 earnings per share for the current year.

Heidrick & Struggles International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Friday, August 9th were issued a dividend of $0.15 per share. The ex-dividend date was Friday, August 9th. This represents a $0.60 annualized dividend and a dividend yield of 1.57%. Heidrick & Struggles International’s dividend payout ratio is currently 23.44%.

Analyst Ratings Changes

A number of equities research analysts have commented on HSII shares. StockNews.com lowered Heidrick & Struggles International from a “buy” rating to a “hold” rating in a research report on Tuesday, July 30th. Barrington Research reiterated an “outperform” rating and issued a $44.00 target price on shares of Heidrick & Struggles International in a report on Friday.

Heidrick & Struggles International Profile

Heidrick & Struggles International, Inc, together with its subsidiaries, provides executive search, consulting, and on-demand talent services to businesses and business leaders worldwide. It enables its clients to build leadership teams by facilitating the recruitment, management, and development of senior executives.