Algert Global LLC Increases Stock Holdings in Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Algert Global LLC boosted its stake in shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII) by 4.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 38,759 shares of the business services provider’s stock after acquiring an additional 1,669 shares during the period. Algert Global LLC owned about 0.19% of Heidrick & Struggles International worth $1,717,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in HSII. Allianz Asset Management GmbH raised its position in shares of Heidrick & Struggles International by 39.2% during the 4th quarter. Allianz Asset Management GmbH now owns 599,411 shares of the business services provider’s stock worth $26,560,000 after purchasing an additional 168,912 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of 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 acquiring an additional 160,677 shares during the last quarter. American Century Companies Inc. lifted its position in shares of 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 valued at $12,742,000 after acquiring an additional 160,257 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of Heidrick & Struggles International by 345.3% in the fourth quarter. Alliancebernstein L.P. now owns 85,800 shares of the business services provider’s stock valued at $3,802,000 after acquiring an additional 66,530 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its position in shares of Heidrick & Struggles International by 180.4% during the fourth quarter. Teacher Retirement System of Texas now owns 62,190 shares of the business services provider’s stock worth $2,756,000 after purchasing an additional 40,010 shares in the last quarter. 90.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on HSII. Barrington Research raised their price objective on Heidrick & Struggles International from $50.00 to $52.00 and gave the company an “outperform” rating in a report on Wednesday, March 5th. Truist Financial raised their price target on shares of Heidrick & Struggles International from $42.00 to $44.00 and gave the stock a “hold” rating in a research note on Tuesday, April 15th.

Insider Activity

In other Heidrick & Struggles International news, CEO Thomas L. Monahan bought 5,000 shares of the business’s stock in a transaction on Thursday, March 6th. The stock was bought at an average price of $45.55 per share, with a total value of $227,750.00. Following the completion of the purchase, the chief executive officer now directly owns 144,834 shares in the company, valued at $6,597,188.70. The trade was a 3.58 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.43% of the company’s stock.

Heidrick & Struggles International Stock Performance

NASDAQ HSII opened at $42.37 on Friday. The stock’s fifty day moving average is $41.41 and its two-hundred day moving average is $43.40. The firm has a market capitalization of $873.71 million, a P/E ratio of 22.90, a price-to-earnings-growth ratio of 0.91 and a beta of 0.98. Heidrick & Struggles International, Inc. has a fifty-two week low of $30.20 and a fifty-two 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 analysts’ consensus estimates of $0.67. Heidrick & Struggles International had a net margin of 3.53% and a return on equity of 12.38%. The firm had revenue of $287.44 million during the quarter, compared to analyst estimates of $267.42 million. As a group, sell-side analysts forecast that Heidrick & Struggles International, Inc. will post 2.68 EPS for the current year.

Heidrick & Struggles International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.42%. Heidrick & Struggles International’s dividend payout ratio is currently 171.43%.

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.