Alliancebernstein L.P. Raises Stock Holdings in Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Alliancebernstein L.P. boosted its holdings in shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII - Free Report) by 345.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 85,800 shares of the business services provider's stock after buying an additional 66,530 shares during the quarter. Alliancebernstein L.P. owned 0.42% of Heidrick & Struggles International worth $3,802,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC raised its stake in shares of Heidrick & Struggles International by 280.9% in the third quarter. Barclays PLC now owns 37,476 shares of the business services provider's stock valued at $1,456,000 after acquiring an additional 27,637 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Heidrick & Struggles International by 21.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 40,305 shares of the business services provider's stock worth $1,566,000 after purchasing an additional 6,990 shares during the period. Geode Capital Management LLC raised its position in Heidrick & Struggles International by 3.9% in the 3rd quarter. Geode Capital Management LLC now owns 495,513 shares of the business services provider's stock valued at $19,259,000 after purchasing an additional 18,771 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Heidrick & Struggles International by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 1,517,661 shares of the business services provider's stock valued at $67,248,000 after buying an additional 14,035 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Heidrick & Struggles International in the 4th quarter valued at about $638,000. Hedge funds and other institutional investors own 90.13% of the company's stock.

Heidrick & Struggles International Price Performance

Shares of NASDAQ HSII traded down $0.85 during midday trading on Friday, hitting $37.96. 120,600 shares of the company's stock were exchanged, compared to its average volume of 154,851. The firm's fifty day simple moving average is $42.50 and its 200-day simple moving average is $43.23. The company has a market cap of $774.76 million, a PE ratio of 20.52, a P/E/G ratio of 0.91 and a beta of 0.86. Heidrick & Struggles International, Inc. has a twelve month low of $29.03 and a twelve month high of $49.02.

Heidrick & Struggles International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.60 annualized dividend and a dividend yield of 1.58%. Heidrick & Struggles International's dividend payout ratio is presently 150.00%.

Insider Activity

In related news, CEO Thomas L. Monahan purchased 5,000 shares of Heidrick & Struggles International stock in a transaction that occurred on Thursday, March 6th. The stock was purchased at an average cost of $45.55 per share, with a total value of $227,750.00. Following the completion of the transaction, the chief executive officer now directly owns 144,834 shares in the company, valued at approximately $6,597,188.70. The trade was a 3.58 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.30% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Barrington Research upped their target price on shares of Heidrick & Struggles International from $50.00 to $52.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 5th. Truist Financial raised their price objective on shares of Heidrick & Struggles International from $42.00 to $44.00 and gave the company a "hold" rating in a report on Tuesday.

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.