Heidrick & Struggles International, Inc. (NASDAQ:HSII) Shares Sold by Pacer Advisors Inc.

Key Points

• Pacer Advisors Inc. reduced its stake in Heidrick & Struggles International by 71.0%, selling 519,579 shares, leaving it with 211,847 shares worth approximately $9 million.
• Heidrick & Struggles recently declared a $0.15 quarterly dividend, representing a 1.30% dividend yield, with a high dividend payout ratio of 171.43%.
• The company's shares have a 1-year range of $35.38 to $49.02, with a current market capitalization of $954.71 million.

Pacer Advisors Inc. lessened its position in Heidrick & Struggles International, Inc. (NASDAQ:HSII - Free Report) by 71.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 211,847 shares of the business services provider's stock after selling 519,579 shares during the period. Pacer Advisors Inc. owned approximately 1.03% of Heidrick & Struggles International worth $9,073,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in HSII. JPMorgan Chase & Co. lifted its stake 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 acquiring an additional 160,677 shares during the period. American Century Companies Inc. lifted 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 during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Heidrick & Struggles International in the 4th quarter worth $3,752,000. Alliancebernstein L.P. lifted its stake in shares of Heidrick & Struggles International by 345.3% in the 4th quarter. Alliancebernstein L.P. now owns 85,800 shares of the business services provider's stock worth $3,802,000 after acquiring an additional 66,530 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of Heidrick & Struggles International by 3.7% in the 4th quarter. Renaissance Technologies LLC now owns 1,106,640 shares of the business services provider's stock worth $49,035,000 after acquiring an additional 39,800 shares during the period. Institutional investors and hedge funds own 90.13% of the company's stock.

Heidrick & Struggles International Stock Performance

NASDAQ:HSII traded down $0.43 during mid-day trading on Thursday, hitting $44.66. 14,769 shares of the company's stock traded hands, compared to its average volume of 132,660. The company has a market cap of $920.89 million, a PE ratio of 127.60, a price-to-earnings-growth ratio of 1.01 and a beta of 1.02. Heidrick & Struggles International, Inc. has a 1 year low of $35.38 and a 1 year high of $49.02. The firm's 50 day simple moving average is $45.08 and its 200 day simple moving average is $43.57.

Heidrick & Struggles International (NASDAQ:HSII - Get Free Report) last released its earnings results on Monday, May 5th. The business services provider reported $0.67 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.67. Heidrick & Struggles International had a net margin of 0.71% and a return on equity of 14.23%. The business had revenue of $287.44 million for the quarter, compared to analysts' expectations of $267.42 million. On average, research analysts expect that Heidrick & Struggles International, Inc. will post 2.68 earnings per share for the current fiscal year.

Heidrick & Struggles International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th were given a dividend of $0.15 per share. The ex-dividend date was Thursday, May 15th. This represents a $0.60 dividend on an annualized basis and a yield of 1.34%. Heidrick & Struggles International's dividend payout ratio (DPR) is 171.43%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Truist Financial raised their price objective on shares of Heidrick & Struggles International from $44.00 to $46.00 and gave the company a "hold" rating in a research note on Friday, June 20th. Barrington Research reiterated an "outperform" rating and issued a $52.00 price objective on shares of Heidrick & Struggles International in a research note on Friday, June 13th.

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.