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

Bank of New York Mellon Corp decreased its holdings in shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII) by 4.3% during the first quarter, according to its most recent disclosure with the SEC. The fund 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 quarter.

A number of other large investors have also modified their holdings of the business. KLP Kapitalforvaltning AS acquired a new position in Heidrick & Struggles International in the fourth quarter valued at approximately $173,000. ProShare Advisors LLC acquired a new position in Heidrick & Struggles International in the fourth quarter valued at approximately $269,000. 4WEALTH Advisors Inc. acquired a new position in Heidrick & Struggles International in the fourth quarter valued at approximately $365,000. XTX Topco Ltd acquired a new position in Heidrick & Struggles International in the fourth quarter valued at approximately $405,000. Finally, ExodusPoint Capital Management LP acquired a new position in Heidrick & Struggles International in the fourth quarter valued at approximately $425,000. Hedge funds and other institutional investors own 90.13% of the company’s stock.

Wall Street Analysts Forecast Growth

HSII has been the topic of several research reports. Truist Financial raised their price target on shares of Heidrick & Struggles International from $44.00 to $46.00 and gave the stock a “hold” rating in a research note on Friday, June 20th. Barrington Research restated an “outperform” rating and issued a $52.00 target price on shares of Heidrick & Struggles International in a report on Friday, June 13th.

Heidrick & Struggles International Stock Down 1.1%

NASDAQ:HSII opened at $45.63 on Tuesday. The stock’s 50 day moving average price is $44.60 and its 200 day moving average price is $43.45. The company has a market capitalization of $940.89 million, a PE ratio of 130.38, a P/E/G ratio of 1.01 and a beta of 1.02. 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 posted its quarterly earnings results on Monday, May 5th. The business services provider reported $0.67 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.67. Heidrick & Struggles International had a return on equity of 14.23% and a net margin of 0.71%. The firm had revenue of $287.44 million for the quarter, compared to the consensus estimate of $267.42 million. As a group, sell-side analysts anticipate that Heidrick & Struggles International, Inc. will post 2.68 EPS for the current fiscal year.

Heidrick & Struggles International Announces Dividend

The business also recently declared 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 of this dividend was Thursday, May 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.31%. Heidrick & Struggles International’s dividend payout ratio (DPR) is 171.43%.

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.