Jane Street Group LLC Reduces Position in Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Jane Street Group LLC cut its holdings in shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII) by 52.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,797 shares of the business services provider’s stock after selling 9,590 shares during the quarter. Jane Street Group LLC’s holdings in Heidrick & Struggles International were worth $342,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in HSII. Quest Partners LLC purchased a new stake in Heidrick & Struggles International during the third quarter valued at about $30,000. Gladius Capital Management LP purchased a new stake in shares of Heidrick & Struggles International in the third quarter worth about $31,000. Quantbot Technologies LP purchased a new stake in shares of Heidrick & Struggles International in the third quarter worth about $33,000. Quarry LP purchased a new stake in shares of Heidrick & Struggles International in the second quarter worth about $44,000. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Heidrick & Struggles International in the second quarter worth about $58,000. 90.13% of the stock is owned by hedge funds and other institutional investors.

Heidrick & Struggles International Stock Performance

Shares of Heidrick & Struggles International stock opened at $44.19 on Thursday. The stock has a market capitalization of $901.87 million, a price-to-earnings ratio of 23.89, a P/E/G ratio of 1.06 and a beta of 0.88. The company’s 50 day moving average price is $45.03 and its 200-day moving average price is $39.41. Heidrick & Struggles International, Inc. has a 52-week low of $26.52 and a 52-week high of $49.02.

Heidrick & Struggles International (NASDAQ:HSII) last released its quarterly earnings results on Monday, November 4th. The business services provider reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.04. The business had revenue of $282.82 million for the quarter, compared to analysts’ expectations of $267.65 million. Heidrick & Struggles International had a net margin of 3.53% and a return on equity of 12.38%. During the same quarter in the previous year, the business posted $0.73 earnings per share. As a group, equities research analysts forecast that Heidrick & Struggles International, Inc. will post 2.68 earnings per share for the current fiscal year.

Heidrick & Struggles International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend was Thursday, November 14th. Heidrick & Struggles International’s dividend payout ratio is currently 32.43%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HSII. Barrington Research increased their price target on shares of Heidrick & Struggles International from $44.00 to $50.00 and gave the stock an “outperform” rating in a report on Monday, December 2nd. StockNews.com raised shares of Heidrick & Struggles International from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Finally, Truist Financial reaffirmed a “hold” rating and issued a $42.00 target price (up from $40.00) on shares of Heidrick & Struggles International in a research note on Wednesday, December 4th.

About Heidrick & Struggles International

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.