Charles Schwab Investment Management Inc. decreased its holdings in Heidrick & Struggles International, Inc. (NASDAQ:HSII – Free Report) by 9.8% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 247,011 shares of the business services provider’s stock after selling 26,801 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Heidrick & Struggles International were worth $9,599,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently made changes to their positions in the business. Victory Capital Management Inc. boosted its stake in Heidrick & Struggles International by 7.5% in the 2nd quarter. Victory Capital Management Inc. now owns 5,705 shares of the business services provider’s stock valued at $180,000 after purchasing an additional 396 shares during the period. Keene & Associates Inc. boosted its position in shares of Heidrick & Struggles International by 4.8% in the second quarter. Keene & Associates Inc. now owns 9,565 shares of the business services provider’s stock valued at $302,000 after acquiring an additional 435 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of Heidrick & Struggles International by 7.1% in the second quarter. The Manufacturers Life Insurance Company now owns 7,738 shares of the business services provider’s stock valued at $244,000 after acquiring an additional 510 shares in the last quarter. Quest Partners LLC bought a new position in Heidrick & Struggles International during the third quarter worth about $30,000. Finally, Gladius Capital Management LP acquired a new stake in Heidrick & Struggles International in the 3rd quarter worth about $31,000. 90.13% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on the company. Barrington Research lifted their price objective on Heidrick & Struggles International from $44.00 to $50.00 and gave the company 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 report on Wednesday, November 6th. Finally, Truist Financial reiterated a “hold” rating and set a $42.00 price objective (up from $40.00) on shares of Heidrick & Struggles International in a research note on Wednesday, December 4th.
Heidrick & Struggles International Price Performance
HSII opened at $45.63 on Tuesday. The firm’s fifty day moving average price is $42.19 and its two-hundred day moving average price is $37.83. The company has a market capitalization of $931.26 million, a price-to-earnings ratio of 24.66, a P/E/G ratio of 1.05 and a beta of 0.88. Heidrick & Struggles International, Inc. has a 1 year low of $26.52 and a 1 year high of $49.02.
Heidrick & Struggles International (NASDAQ:HSII – Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The business services provider reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.04. Heidrick & Struggles International had a net margin of 3.53% and a return on equity of 12.38%. The business had revenue of $282.82 million during the quarter, compared to the consensus estimate of $267.65 million. During the same quarter last year, the company posted $0.73 earnings per share. As a group, equities analysts anticipate that Heidrick & Struggles International, Inc. will post 2.68 EPS for the current year.
Heidrick & Struggles International Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.31%. Heidrick & Struggles International’s payout ratio is 32.43%.
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.
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