Pacer Advisors Inc. Reduces Stake in Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Pacer Advisors Inc. lessened its position in shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII) by 1.8% in the third quarter, Holdings Channel reports. The fund owned 931,196 shares of the business services provider’s stock after selling 16,820 shares during the quarter. Pacer Advisors Inc.’s holdings in Heidrick & Struggles International were worth $36,186,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Intech Investment Management LLC purchased a new stake in Heidrick & Struggles International during the third quarter valued at approximately $261,000. Banque Cantonale Vaudoise grew its position in shares of Heidrick & Struggles International by 132.0% during the 3rd quarter. Banque Cantonale Vaudoise now owns 7,108 shares of the business services provider’s stock valued at $276,000 after acquiring an additional 4,044 shares during the period. Quest Partners LLC purchased a new stake in shares of Heidrick & Struggles International in the 3rd quarter worth $30,000. Gladius Capital Management LP purchased a new stake in shares of Heidrick & Struggles International in the 3rd quarter worth $31,000. Finally, Empowered Funds LLC raised its holdings in Heidrick & Struggles International by 43.4% in the 3rd quarter. Empowered Funds LLC now owns 185,273 shares of the business services provider’s stock worth $7,200,000 after purchasing an additional 56,047 shares during the period. Institutional investors own 90.13% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on HSII. StockNews.com upgraded Heidrick & Struggles International from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Truist Financial restated a “hold” rating and set a $40.00 target price (up previously from $33.00) on shares of Heidrick & Struggles International in a research note on Tuesday, November 5th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $44.00 price target on shares of Heidrick & Struggles International in a report on Friday, September 20th.

Heidrick & Struggles International Stock Down 0.0 %

NASDAQ:HSII opened at $46.57 on Friday. The business’s 50-day simple moving average is $40.22 and its two-hundred day simple moving average is $36.75. Heidrick & Struggles International, Inc. has a 52 week low of $26.52 and a 52 week high of $49.02. The stock has a market cap of $950.45 million, a PE ratio of 25.17, a P/E/G ratio of 1.05 and a beta of 0.85.

Heidrick & Struggles International (NASDAQ:HSII) last issued its earnings results on Monday, November 4th. The business services provider reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.04. Heidrick & Struggles International had a return on equity of 12.38% and a net margin of 3.53%. The company had revenue of $282.82 million for the quarter, compared to the consensus estimate of $267.65 million. During the same quarter last year, the company earned $0.73 EPS. Sell-side analysts anticipate that Heidrick & Struggles International, Inc. will post 2.67 earnings per share for the current fiscal year.

Heidrick & Struggles International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.29%. The ex-dividend date was Thursday, November 14th. Heidrick & Struggles International’s dividend payout ratio (DPR) is presently 32.43%.

Heidrick & Struggles International Company Profile

Heidrick & Struggles International, Inc, together with its subsidiaries, provides executive search, consulting, and on-demand talent services to businesses and business leaders worldwide. It enables its clients to build leadership teams by facilitating the recruitment, management, and development of senior executives.