The Manufacturers Life Insurance Company Reduces Stock Position in Heidrick & Struggles International, Inc. (NASDAQ:HSII)

The Manufacturers Life Insurance Company lessened its stake in Heidrick & Struggles International, Inc. (NASDAQ:HSII) by 3.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,222 shares of the business services provider’s stock after selling 281 shares during the period. The Manufacturers Life Insurance Company’s holdings in Heidrick & Struggles International were worth $320,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in HSII. KLP Kapitalforvaltning AS purchased a new stake in Heidrick & Struggles International in the fourth quarter worth $173,000. XTX Topco Ltd purchased a new stake in Heidrick & Struggles International during the 4th quarter valued at $405,000. ExodusPoint Capital Management LP bought a new stake in shares of Heidrick & Struggles International during the 4th quarter worth approximately $425,000. O Shaughnessy Asset Management LLC bought a new stake in Heidrick & Struggles International during the 4th quarter valued at $445,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in Heidrick & Struggles International during the fourth quarter valued at approximately $451,000. Hedge funds and other institutional investors own 90.13% of the company’s stock.

Heidrick & Struggles International Stock Performance

HSII opened at $43.05 on Friday. Heidrick & Struggles International, Inc. has a 1 year low of $30.20 and a 1 year high of $49.02. The firm has a 50 day moving average price of $41.16 and a 200 day moving average price of $43.57. The company has a market cap of $887.73 million, a PE ratio of 23.27, a price-to-earnings-growth ratio of 0.91 and a beta of 0.98.

Heidrick & Struggles International (NASDAQ:HSII) last announced its quarterly earnings results on Monday, May 5th. The business services provider reported $0.67 EPS for the quarter, meeting the consensus estimate of $0.67. Heidrick & Struggles International had a net margin of 3.53% and a return on equity of 12.38%. The company had revenue of $287.44 million for the quarter, compared to analyst estimates of $267.42 million. On average, sell-side analysts predict that Heidrick & Struggles International, Inc. will post 2.68 earnings per share for the current year.

Heidrick & Struggles International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be issued a dividend of $0.15 per share. The ex-dividend date is Thursday, May 15th. This represents a $0.60 dividend on an annualized basis and a yield of 1.39%. Heidrick & Struggles International’s dividend payout ratio is 171.43%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on HSII shares. Truist Financial boosted their price target on Heidrick & Struggles International from $42.00 to $44.00 and gave the company a “hold” rating in a research note on Tuesday, April 15th. Barrington Research lifted their price target on shares of 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 at Heidrick & Struggles International

In related news, CEO Thomas L. Monahan purchased 5,000 shares of the stock in a transaction on Thursday, March 6th. The shares were purchased at an average price of $45.55 per share, with a total value of $227,750.00. Following the transaction, the chief executive officer now directly owns 144,834 shares of the company’s stock, valued at $6,597,188.70. This trade represents a 3.58% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.43% of the stock is currently owned by company insiders.

Heidrick & Struggles International Company 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.