Hsbc Holdings PLC decreased its stake in shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII – Free Report) by 51.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,666 shares of the business services provider’s stock after selling 4,983 shares during the quarter. Hsbc Holdings PLC’s holdings in Heidrick & Struggles International were worth $200,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Nuveen LLC purchased a new stake in Heidrick & Struggles International in the 1st quarter valued at $7,622,000. American Century Companies Inc. grew its holdings in Heidrick & Struggles International by 50.5% in the 1st quarter. American Century Companies Inc. now owns 432,731 shares of the business services provider’s stock valued at $18,534,000 after buying an additional 145,162 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Heidrick & Struggles International in the 4th quarter valued at $3,752,000. Public Sector Pension Investment Board grew its holdings in Heidrick & Struggles International by 68.3% in the 1st quarter. Public Sector Pension Investment Board now owns 85,576 shares of the business services provider’s stock valued at $3,665,000 after buying an additional 34,727 shares in the last quarter. Finally, Jane Street Group LLC grew its holdings in Heidrick & Struggles International by 259.2% in the 4th quarter. Jane Street Group LLC now owns 31,595 shares of the business services provider’s stock valued at $1,400,000 after buying an additional 22,798 shares in the last quarter. 90.13% of the stock is currently owned by hedge funds and other institutional investors.
Heidrick & Struggles International Stock Performance
Shares of Heidrick & Struggles International stock opened at $50.37 on Friday. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 31.68, a PEG ratio of 0.99 and a beta of 1.07. Heidrick & Struggles International, Inc. has a fifty-two week low of $35.54 and a fifty-two week high of $52.17. The stock has a 50 day moving average of $47.61 and a 200 day moving average of $44.05.
Heidrick & Struggles International Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Thursday, August 14th. Heidrick & Struggles International’s dividend payout ratio is 37.74%.
Analyst Ratings Changes
HSII has been the subject of several analyst reports. Barrington Research upped their target price on Heidrick & Struggles International from $52.00 to $56.00 and gave the company an “outperform” rating in a report on Friday, August 22nd. Wall Street Zen upgraded Heidrick & Struggles International from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 9th. Finally, Truist Financial increased their price objective on Heidrick & Struggles International from $44.00 to $46.00 and gave the stock a “hold” rating in a research report on Friday, June 20th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Heidrick & Struggles International presently has an average rating of “Moderate Buy” and a consensus target price of $51.00.
Get Our Latest Stock Analysis on Heidrick & Struggles International
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.
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