Acadian Asset Management LLC Has $12.56 Million Stake in Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Acadian Asset Management LLC trimmed its holdings in Heidrick & Struggles International, Inc. (NASDAQ:HSII) by 26.2% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 351,547 shares of the business services provider’s stock after selling 124,901 shares during the period. Acadian Asset Management LLC’s holdings in Heidrick & Struggles International were worth $12,558,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Systematic Financial Management LP lifted its position in shares of Heidrick & Struggles International by 9.2% in the first quarter. Systematic Financial Management LP now owns 391,578 shares of the business services provider’s stock valued at $13,987,000 after buying an additional 32,870 shares during the last quarter. Royce & Associates LP lifted its position in shares of Heidrick & Struggles International by 31.5% in the first quarter. Royce & Associates LP now owns 1,233,705 shares of the business services provider’s stock valued at $44,068,000 after buying an additional 295,712 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Heidrick & Struggles International by 37.6% in the first quarter. Principal Financial Group Inc. now owns 536,901 shares of the business services provider’s stock valued at $19,178,000 after buying an additional 146,776 shares during the last quarter. Boston Partners lifted its position in shares of Heidrick & Struggles International by 3.3% in the first quarter. Boston Partners now owns 158,039 shares of the business services provider’s stock valued at $5,645,000 after buying an additional 5,105 shares during the last quarter. Finally, BlackRock Inc. lifted its position in shares of Heidrick & Struggles International by 5.7% in the first quarter. BlackRock Inc. now owns 3,318,613 shares of the business services provider’s stock valued at $118,543,000 after buying an additional 179,787 shares during the last quarter. 90.24% of the stock is owned by institutional investors.

In other Heidrick & Struggles International news, insider Kamau Coar sold 7,500 shares of the firm’s stock in a transaction on Monday, May 17th. The stock was sold at an average price of $42.61, for a total transaction of $319,575.00. Following the transaction, the insider now owns 3,155 shares in the company, valued at approximately $134,434.55. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.70% of the stock is owned by company insiders.

Heidrick & Struggles International stock opened at $45.35 on Friday. The business’s fifty day moving average is $40.88. Heidrick & Struggles International, Inc. has a one year low of $19.03 and a one year high of $46.33. The company has a market cap of $884.28 million, a price-to-earnings ratio of -27.32 and a beta of 0.91.

Heidrick & Struggles International (NASDAQ:HSII) last posted its quarterly earnings data on Sunday, April 25th. The business services provider reported $0.74 EPS for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.21. Heidrick & Struggles International had a positive return on equity of 16.08% and a negative net margin of 4.86%. The firm had revenue of $193.66 million for the quarter, compared to analyst estimates of $162.98 million. Equities analysts anticipate that Heidrick & Struggles International, Inc. will post 3.04 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 21st. Shareholders of record on Friday, May 7th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, May 4th. This represents a $0.60 dividend on an annualized basis and a yield of 1.32%. Heidrick & Struggles International’s dividend payout ratio (DPR) is presently 33.90%.

A number of equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Heidrick & Struggles International from a “hold” rating to a “strong-buy” rating and set a $48.00 target price on the stock in a research note on Thursday, April 29th. Barrington Research increased their target price on Heidrick & Struggles International from $42.00 to $50.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 27th. Credit Suisse Group increased their target price on Heidrick & Struggles International from $27.00 to $33.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 27th. Finally, Truist increased their target price on Heidrick & Struggles International from $40.00 to $45.00 in a research note on Tuesday, April 27th.

Heidrick & Struggles International Profile

Heidrick & Struggles International, Inc, together with its subsidiaries, provides executive search and consulting services to businesses and business leaders worldwide. The company enables its clients to build leadership teams by facilitating the recruitment, management, and development of senior executives.

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Institutional Ownership by Quarter for Heidrick & Struggles International (NASDAQ:HSII)

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