D. E. Shaw & Co. Inc. Sells 33,009 Shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII)

D. E. Shaw & Co. Inc. trimmed its position in shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII - Free Report) by 84.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,983 shares of the business services provider's stock after selling 33,009 shares during the quarter. D. E. Shaw & Co. Inc.'s holdings in Heidrick & Struggles International were worth $265,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in HSII. Allianz Asset Management GmbH lifted its position in Heidrick & Struggles International by 39.2% during the fourth quarter. Allianz Asset Management GmbH now owns 599,411 shares of the business services provider's stock valued at $26,560,000 after buying an additional 168,912 shares during the period. JPMorgan Chase & Co. grew its position in shares of Heidrick & Struggles International by 398.7% in the 4th quarter. JPMorgan Chase & Co. now owns 200,982 shares of the business services provider's stock worth $8,906,000 after buying an additional 160,677 shares during the period. American Century Companies Inc. increased its stake in shares of Heidrick & Struggles International by 125.9% in the 4th quarter. American Century Companies Inc. now owns 287,569 shares of the business services provider's stock worth $12,742,000 after acquiring an additional 160,257 shares in the last quarter. Alliancebernstein L.P. lifted its position in Heidrick & Struggles International by 345.3% during the 4th 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 during the period. Finally, Teacher Retirement System of Texas lifted its holdings 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 valued at $2,756,000 after purchasing an additional 40,010 shares in the last quarter. Hedge funds and other institutional investors own 90.13% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In related news, CEO Thomas L. Monahan acquired 5,000 shares of Heidrick & Struggles International stock in a transaction on Thursday, March 6th. The shares were bought at an average cost 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 of the company's stock, valued at $6,597,188.70. The trade was a 3.58% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 1.43% of the company's stock.

Heidrick & Struggles International Stock Up 0.4%

HSII stock traded up $0.16 during trading on Friday, reaching $43.63. The company's stock had a trading volume of 124,499 shares, compared to its average volume of 153,120. The company's fifty day moving average is $41.20 and its 200-day moving average is $43.54. Heidrick & Struggles International, Inc. has a 1 year low of $30.20 and a 1 year high of $49.02. The company has a market capitalization of $899.69 million, a P/E ratio of 23.58, a price-to-earnings-growth ratio of 0.91 and a beta of 0.98.

Heidrick & Struggles International (NASDAQ:HSII - Get Free Report) last released its earnings results on Monday, May 5th. The business services provider reported $0.67 EPS for the quarter, hitting the consensus estimate of $0.67. The firm had revenue of $287.44 million for the quarter, compared to the consensus estimate of $267.42 million. Heidrick & Struggles International had a net margin of 3.53% and a return on equity of 12.38%. Analysts anticipate that Heidrick & Struggles International, Inc. will post 2.68 earnings per share for the current year.

Heidrick & Struggles International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.38%. The ex-dividend date was Thursday, May 15th. Heidrick & Struggles International's dividend payout ratio is presently 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.