Hsbc Holdings PLC Has $427,000 Stock Position in Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Hsbc Holdings PLC reduced its position in Heidrick & Struggles International, Inc. (NASDAQ:HSII - Free Report) by 45.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,649 shares of the business services provider's stock after selling 8,089 shares during the period. Hsbc Holdings PLC's holdings in Heidrick & Struggles International were worth $427,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Swiss National Bank increased its position in Heidrick & Struggles International by 1.3% in the 4th quarter. Swiss National Bank now owns 40,000 shares of the business services provider's stock worth $1,772,000 after purchasing an additional 500 shares during the last quarter. Sterling Capital Management LLC increased its position in Heidrick & Struggles International by 5.5% in the 4th quarter. Sterling Capital Management LLC now owns 10,984 shares of the business services provider's stock worth $487,000 after purchasing an additional 574 shares during the last quarter. Hillsdale Investment Management Inc. increased its position in Heidrick & Struggles International by 0.7% in the 4th quarter. Hillsdale Investment Management Inc. now owns 114,100 shares of the business services provider's stock worth $5,056,000 after purchasing an additional 800 shares during the last quarter. MetLife Investment Management LLC raised its holdings in shares of Heidrick & Struggles International by 8.9% during the 4th quarter. MetLife Investment Management LLC now owns 12,179 shares of the business services provider's stock valued at $540,000 after purchasing an additional 994 shares in the last quarter. Finally, Summit Global Investments raised its holdings in shares of Heidrick & Struggles International by 6.7% during the 4th quarter. Summit Global Investments now owns 17,313 shares of the business services provider's stock valued at $767,000 after purchasing an additional 1,083 shares in the last quarter. 90.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in 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 increased 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.

Insiders Place Their Bets

In other news, CEO Thomas L. Monahan acquired 5,000 shares of Heidrick & Struggles International stock in a transaction on Thursday, March 6th. The stock was bought at an average price of $45.55 per share, for a total transaction of $227,750.00. Following the transaction, the chief executive officer now owns 144,834 shares of the company's stock, valued at $6,597,188.70. The trade was a 3.58% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.43% of the company's stock.

Heidrick & Struggles International Stock Performance

Shares of NASDAQ HSII traded up $0.48 during mid-day trading on Tuesday, reaching $43.74. 31,459 shares of the company traded hands, compared to its average volume of 155,560. The stock has a market cap of $901.96 million, a PE ratio of 23.64, a price-to-earnings-growth ratio of 0.91 and a beta of 0.98. The company's fifty day moving average is $41.37 and its two-hundred day moving average is $43.49. 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 - Get Free Report) last announced its earnings results on Monday, May 5th. The business services provider reported $0.67 earnings per share for the quarter, meeting the consensus estimate of $0.67. The firm had revenue of $287.44 million during the quarter, compared to the consensus estimate of $267.42 million. Heidrick & Struggles International had a return on equity of 12.38% and a net margin of 3.53%. Research analysts forecast that Heidrick & Struggles International, Inc. will post 2.68 earnings per share for the current year.

Heidrick & Struggles International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th will be given a $0.15 dividend. The ex-dividend date is Thursday, May 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.37%. 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.