Teacher Retirement System of Texas Cuts Stake in Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Teacher Retirement System of Texas reduced its stake in shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII - Free Report) by 40.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 37,130 shares of the business services provider's stock after selling 25,060 shares during the quarter. Teacher Retirement System of Texas owned 0.18% of Heidrick & Struggles International worth $1,590,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in HSII. KLP Kapitalforvaltning AS purchased a new position in Heidrick & Struggles International during the 4th quarter valued at about $173,000. ProShare Advisors LLC purchased a new position in shares of Heidrick & Struggles International during the 4th quarter worth approximately $269,000. 4WEALTH Advisors Inc. acquired a new stake in Heidrick & Struggles International during the 4th quarter valued at $365,000. XTX Topco Ltd purchased a new position in Heidrick & Struggles International during the fourth quarter worth $405,000. Finally, ExodusPoint Capital Management LP acquired a new position in shares of Heidrick & Struggles International in the fourth quarter worth $425,000. 90.13% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on HSII shares. Truist Financial upped their target price on shares of Heidrick & Struggles International from $44.00 to $46.00 and gave the company a "hold" rating in a report on Friday, June 20th. Barrington Research restated an "outperform" rating and set a $52.00 target price on shares of Heidrick & Struggles International in a research report on Friday, June 13th.

Heidrick & Struggles International Stock Down 1.9%

Shares of HSII traded down $0.88 during mid-day trading on Tuesday, hitting $46.26. The company had a trading volume of 41,891 shares, compared to its average volume of 138,463. Heidrick & Struggles International, Inc. has a 1-year low of $32.10 and a 1-year high of $49.02. The business's 50-day simple moving average is $44.08 and its 200-day simple moving average is $43.38. The stock has a market cap of $953.86 million, a PE ratio of 132.65, a P/E/G ratio of 1.02 and a beta of 1.02.

Heidrick & Struggles International (NASDAQ:HSII - Get Free Report) 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 the consensus estimate of $0.67. The company had revenue of $287.44 million during the quarter, compared to analysts' expectations of $267.42 million. Heidrick & Struggles International had a net margin of 0.71% and a return on equity of 14.23%. On average, sell-side analysts expect that Heidrick & Struggles International, Inc. will post 2.68 earnings per share for the current year.

Heidrick & Struggles International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Thursday, May 15th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend was Thursday, May 15th. Heidrick & Struggles International's dividend payout ratio (DPR) 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.