Charles Schwab Investment Management Inc. Reduces Position in Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Charles Schwab Investment Management Inc. cut its holdings in Heidrick & Struggles International, Inc. (NASDAQ:HSII) by 9.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 247,011 shares of the business services provider’s stock after selling 26,801 shares during the period. Charles Schwab Investment Management Inc. owned 1.21% of Heidrick & Struggles International worth $9,599,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. boosted its position in shares of Heidrick & Struggles International by 43.8% during the 2nd quarter. American Century Companies Inc. now owns 46,621 shares of the business services provider’s stock worth $1,472,000 after acquiring an additional 14,209 shares in the last quarter. Innealta Capital LLC purchased a new position in Heidrick & Struggles International during the 2nd quarter valued at about $29,000. SG Americas Securities LLC lifted its stake in Heidrick & Struggles International by 82.1% in the 3rd quarter. SG Americas Securities LLC now owns 11,414 shares of the business services provider’s stock valued at $444,000 after buying an additional 5,145 shares in the last quarter. Algert Global LLC increased its position in Heidrick & Struggles International by 13.0% during the 2nd quarter. Algert Global LLC now owns 54,100 shares of the business services provider’s stock worth $1,708,000 after purchasing an additional 6,227 shares in the last quarter. Finally, Exchange Traded Concepts LLC grew its stake in Heidrick & Struggles International by 246.4% in the 3rd quarter. Exchange Traded Concepts LLC now owns 34,479 shares of the business services provider’s stock worth $1,340,000 after acquiring an additional 24,526 shares during the period. 90.13% of the stock is currently owned by hedge funds and other institutional investors.

Heidrick & Struggles International Stock Performance

NASDAQ HSII opened at $45.63 on Tuesday. Heidrick & Struggles International, Inc. has a twelve month low of $26.52 and a twelve month high of $49.02. The stock has a market cap of $931.26 million, a PE ratio of 24.66, a PEG ratio of 1.05 and a beta of 0.88. The firm has a 50-day simple moving average of $42.19 and a 200 day simple moving average of $37.83.

Heidrick & Struggles International (NASDAQ:HSII) last posted its quarterly earnings data 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. Heidrick & Struggles International had a net margin of 3.53% and a return on equity of 12.38%. The firm had revenue of $282.82 million during the quarter, compared to analysts’ expectations of $267.65 million. During the same quarter last year, the company posted $0.73 EPS. Research analysts forecast that Heidrick & Struggles International, Inc. will post 2.68 earnings per share for the current fiscal year.

Heidrick & Struggles International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend was Thursday, November 14th. Heidrick & Struggles International’s payout ratio is 32.43%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on HSII shares. StockNews.com raised Heidrick & Struggles International from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Barrington Research boosted their price objective on shares of Heidrick & Struggles International from $44.00 to $50.00 and gave the company an “outperform” rating in a research report on Monday, December 2nd. Finally, Truist Financial reaffirmed a “hold” rating and issued a $42.00 price objective (up previously from $40.00) on shares of Heidrick & Struggles International in a report on Wednesday, December 4th.

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.