Bank of New York Mellon Corp Cuts Holdings in Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Bank of New York Mellon Corp decreased its position in shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII) by 4.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 209,302 shares of the business services provider’s stock after selling 9,513 shares during the period. Bank of New York Mellon Corp owned approximately 1.01% of Heidrick & Struggles International worth $8,964,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Northern Trust Corp increased its holdings in Heidrick & Struggles International by 9.5% during the fourth quarter. Northern Trust Corp now owns 251,778 shares of the business services provider’s stock valued at $11,156,000 after buying an additional 21,843 shares during the period. Vanguard Group Inc. increased its holdings in Heidrick & Struggles International by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 1,517,661 shares of the business services provider’s stock valued at $67,248,000 after buying an additional 14,035 shares during the period. JPMorgan Chase & Co. increased its holdings in Heidrick & Struggles International by 398.7% during the fourth quarter. JPMorgan Chase & Co. now owns 200,982 shares of the business services provider’s stock valued at $8,906,000 after buying an additional 160,677 shares during the period. Prudential Financial Inc. grew its holdings in Heidrick & Struggles International by 32.3% in the fourth quarter. Prudential Financial Inc. now owns 32,599 shares of the business services provider’s stock worth $1,444,000 after purchasing an additional 7,950 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in Heidrick & Struggles International by 125.9% in the fourth quarter. American Century Companies Inc. now owns 287,569 shares of the business services provider’s stock worth $12,742,000 after purchasing an additional 160,257 shares during the last quarter. Institutional investors own 90.13% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Barrington Research restated an “outperform” rating and set a $52.00 target price on shares of Heidrick & Struggles International in a research report on Friday, June 13th. Truist Financial upped their price objective on shares of Heidrick & Struggles International from $44.00 to $46.00 and gave the stock a “hold” rating in a research report on Friday, June 20th.

Heidrick & Struggles International Stock Down 1.1%

HSII stock opened at $45.63 on Tuesday. The stock has a market capitalization of $940.89 million, a P/E ratio of 130.38, a P/E/G ratio of 1.01 and a beta of 1.02. The firm has a 50-day simple moving average of $44.60 and a 200-day simple moving average of $43.45. Heidrick & Struggles International, Inc. has a 52 week low of $33.70 and a 52 week high of $49.02.

Heidrick & Struggles International (NASDAQ:HSII) last announced its quarterly earnings data on Monday, May 5th. The business services provider reported $0.67 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.67. Heidrick & Struggles International had a net margin of 0.71% and a return on equity of 14.23%. The company had revenue of $287.44 million during the quarter, compared to analysts’ expectations of $267.42 million. On average, analysts expect that Heidrick & Struggles International, Inc. will post 2.68 earnings per share for the current year.

Heidrick & Struggles International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th were issued a $0.15 dividend. The ex-dividend date was Thursday, May 15th. This represents a $0.60 annualized dividend and a dividend yield of 1.31%. Heidrick & Struggles International’s dividend payout ratio is currently 171.43%.

About Heidrick & Struggles International

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.