Congress Wealth Management LLC DE Sells 5,350 Shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Congress Wealth Management LLC DE reduced its stake in Heidrick & Struggles International, Inc. (NASDAQ:HSII) by 50.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,350 shares of the business services provider’s stock after selling 5,350 shares during the period. Congress Wealth Management LLC DE’s holdings in Heidrick & Struggles International were worth $237,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Barclays PLC grew its position in Heidrick & Struggles International by 280.9% during the 3rd quarter. Barclays PLC now owns 37,476 shares of the business services provider’s stock valued at $1,456,000 after purchasing an additional 27,637 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Heidrick & Struggles International by 21.0% in the third quarter. JPMorgan Chase & Co. now owns 40,305 shares of the business services provider’s stock worth $1,566,000 after buying an additional 6,990 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Heidrick & Struggles International by 3.9% during the third quarter. Geode Capital Management LLC now owns 495,513 shares of the business services provider’s stock valued at $19,259,000 after buying an additional 18,771 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Heidrick & Struggles International by 3.0% during the third quarter. Wellington Management Group LLP now owns 431,856 shares of the business services provider’s stock valued at $16,782,000 after acquiring an additional 12,640 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in Heidrick & Struggles International in the 4th quarter worth approximately $638,000. 90.13% of the stock is currently owned by institutional investors.

Heidrick & Struggles International Trading Down 1.4 %

Shares of HSII stock opened at $43.48 on Friday. The stock has a market capitalization of $887.43 million, a P/E ratio of 23.50, a P/E/G ratio of 0.91 and a beta of 0.80. The firm’s 50 day moving average is $44.21 and its 200 day moving average is $42.97. Heidrick & Struggles International, Inc. has a 12-month low of $29.03 and a 12-month high of $49.02.

Heidrick & Struggles International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend was Thursday, March 13th. Heidrick & Struggles International’s payout ratio is currently 150.00%.

Analyst Upgrades and Downgrades

A number of research firms have commented on HSII. Truist Financial reissued a “hold” rating and issued a $42.00 target price (up previously from $40.00) on shares of Heidrick & Struggles International in a report on Wednesday, December 4th. Barrington Research lifted their price objective on Heidrick & Struggles International from $50.00 to $52.00 and gave the stock an “outperform” rating in a report on Wednesday, March 5th.

Insider Activity at Heidrick & Struggles International

In other news, CEO Thomas L. Monahan purchased 5,000 shares of the business’s stock in a transaction on Thursday, March 6th. The stock was acquired at an average cost of $45.55 per share, for a total transaction of $227,750.00. Following the purchase, the chief executive officer now directly owns 144,834 shares in the company, valued at $6,597,188.70. This trade represents a 3.58 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.30% of the stock is owned by company insiders.

Heidrick & Struggles International 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.