Charles Schwab Investment Management Inc. Sells 26,801 Shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Charles Schwab Investment Management Inc. lessened its holdings in Heidrick & Struggles International, Inc. (NASDAQ:HSII - Free Report) by 9.8% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 247,011 shares of the business services provider's stock after selling 26,801 shares during the period. Charles Schwab Investment Management Inc. owned 1.21% of Heidrick & Struggles International worth $9,599,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Pacer Advisors Inc. purchased a new stake in shares of Heidrick & Struggles International in the second quarter worth about $29,938,000. Mak Capital One LLC raised its holdings in shares of Heidrick & Struggles International by 35.2% during the 2nd quarter. Mak Capital One LLC now owns 993,408 shares of the business services provider's stock worth $31,372,000 after acquiring an additional 258,583 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Heidrick & Struggles International by 43.4% during the 3rd quarter. Empowered Funds LLC now owns 185,273 shares of the business services provider's stock valued at $7,200,000 after acquiring an additional 56,047 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of Heidrick & Struggles International by 55.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 118,414 shares of the business services provider's stock valued at $4,602,000 after purchasing an additional 42,195 shares in the last quarter. Finally, AXA S.A. bought a new stake in Heidrick & Struggles International in the second quarter worth $970,000. 90.13% of the stock is owned by institutional investors.

Heidrick & Struggles International Price Performance

Shares of HSII traded down $0.09 during midday trading on Tuesday, hitting $45.54. The stock had a trading volume of 70,129 shares, compared to its average volume of 151,161. The stock's 50 day moving average is $42.19 and its 200 day moving average is $37.83. The firm has a market cap of $929.43 million, a PE ratio of 24.66, a price-to-earnings-growth ratio of 1.05 and a beta of 0.88. Heidrick & Struggles International, Inc. has a 1 year low of $26.52 and a 1 year high of $49.02.

Heidrick & Struggles International (NASDAQ:HSII - Get Free Report) last announced its earnings results on Monday, November 4th. The business services provider reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.04. Heidrick & Struggles International had a return on equity of 12.38% and a net margin of 3.53%. The business had revenue of $282.82 million during the quarter, compared to analyst estimates of $267.65 million. During the same quarter in the previous year, the business earned $0.73 earnings per share. As a group, equities research analysts expect that Heidrick & Struggles International, Inc. will post 2.68 earnings per share for the current fiscal year.

Heidrick & Struggles International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were given a dividend of $0.15 per share. The ex-dividend date was Thursday, November 14th. This represents a $0.60 annualized dividend and a dividend yield of 1.32%. Heidrick & Struggles International's dividend payout ratio (DPR) is 32.43%.

Wall Street Analyst Weigh In

Several research firms have commented on HSII. Barrington Research increased their price objective on shares of Heidrick & Struggles International from $44.00 to $50.00 and gave the company an "outperform" rating in a research report on Monday, December 2nd. StockNews.com raised shares of Heidrick & Struggles International from a "hold" rating to a "buy" rating in a report on Wednesday, November 6th. Finally, Truist Financial reissued a "hold" rating and set a $42.00 price objective (up from $40.00) on shares of Heidrick & Struggles International in a research note on Wednesday, December 4th.

Heidrick & Struggles International Company Profile

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