Charles Schwab Investment Management Inc. Sells 27,699 Shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Charles Schwab Investment Management Inc. lowered its stake in shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII) by 11.2% in the fourth quarter, Holdings Channel reports. The firm owned 219,312 shares of the business services provider’s stock after selling 27,699 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Heidrick & Struggles International were worth $9,718,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets boosted its position in Heidrick & Struggles International by 1.3% during the third quarter. BNP Paribas Financial Markets now owns 34,170 shares of the business services provider’s stock worth $1,328,000 after purchasing an additional 427 shares during the period. Quest Partners LLC bought a new stake in Heidrick & Struggles International during the third quarter worth approximately $30,000. Quantbot Technologies LP bought a new stake in Heidrick & Struggles International during the third quarter worth approximately $33,000. Dynamic Technology Lab Private Ltd boosted its position in Heidrick & Struggles International by 5.9% during the third quarter. Dynamic Technology Lab Private Ltd now owns 17,196 shares of the business services provider’s stock worth $668,000 after purchasing an additional 964 shares during the period. Finally, SG Americas Securities LLC boosted its position in Heidrick & Struggles International by 19.6% during the fourth quarter. SG Americas Securities LLC now owns 13,650 shares of the business services provider’s stock worth $605,000 after purchasing an additional 2,236 shares during the period. Institutional investors own 90.13% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on HSII. Truist Financial reaffirmed a “hold” rating and set a $42.00 target price (up previously from $40.00) on shares of Heidrick & Struggles International in a research report on Wednesday, December 4th. Barrington Research increased their price objective on Heidrick & Struggles International from $50.00 to $52.00 and gave the company an “outperform” rating in a research report on Wednesday, March 5th.

Insider Activity

In other news, CEO Thomas L. Monahan bought 5,000 shares of Heidrick & Struggles International stock in a transaction that occurred on Thursday, March 6th. The stock was purchased at an average cost of $45.55 per share, with a total value of $227,750.00. Following the completion of the transaction, the chief executive officer now directly owns 144,834 shares in the company, valued at $6,597,188.70. This trade represents a 3.58 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.30% of the stock is owned by company insiders.

Heidrick & Struggles International Trading Down 1.1 %

HSII opened at $42.33 on Friday. Heidrick & Struggles International, Inc. has a 1-year low of $29.03 and a 1-year high of $49.02. The stock has a market capitalization of $863.96 million, a price-to-earnings ratio of 22.88, a P/E/G ratio of 0.91 and a beta of 0.80. The business has a 50 day moving average of $44.38 and a 200-day moving average of $42.71.

Heidrick & Struggles International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be given a $0.15 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.60 annualized dividend and a dividend yield of 1.42%. Heidrick & Struggles International’s dividend payout ratio is 150.00%.

Heidrick & Struggles International Profile

Heidrick & Struggles International, Inc engages in provision of leadership consulting, culture shaping and senior-level executive search services. It offers its clients build leadership teams through facilitating the recruitment, management and deployment of senior executives. It operates under the following segments: Americas, Europe, Asia Pacific, Heidrick Consulting, and On Demand Talent Business.