Franklin Resources Inc. Sells 28,862 Shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Franklin Resources Inc. reduced its stake in shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII - Free Report) by 30.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 67,358 shares of the business services provider's stock after selling 28,862 shares during the period. Franklin Resources Inc. owned approximately 0.33% of Heidrick & Struggles International worth $2,985,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in HSII. HighTower Advisors LLC acquired a new position in Heidrick & Struggles International in the 3rd quarter worth $212,000. Wellington Management Group LLP boosted its position in shares of Heidrick & Struggles International by 3.0% during the third quarter. Wellington Management Group LLP now owns 431,856 shares of the business services provider's stock worth $16,782,000 after buying an additional 12,640 shares during the period. Orion Portfolio Solutions LLC bought a new position in shares of Heidrick & Struggles International during the third quarter worth about $207,000. Public Employees Retirement System of Ohio grew its holdings in shares of Heidrick & Struggles International by 44.1% during the third quarter. Public Employees Retirement System of Ohio now owns 13,938 shares of the business services provider's stock worth $542,000 after buying an additional 4,264 shares in the last quarter. Finally, Barclays PLC raised its position in Heidrick & Struggles International by 280.9% in the 3rd quarter. Barclays PLC now owns 37,476 shares of the business services provider's stock valued at $1,456,000 after buying an additional 27,637 shares during the last quarter. Institutional investors and hedge funds own 90.13% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HSII. Barrington Research raised their price target 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 increased their target price on shares of Heidrick & Struggles International from $42.00 to $44.00 and gave the stock a "hold" rating in a report on Tuesday.

Insiders Place Their Bets

In other Heidrick & Struggles International news, CEO Thomas L. Monahan purchased 5,000 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The shares were acquired at an average price of $45.55 per share, for a total transaction of $227,750.00. Following the purchase, the chief executive officer now 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 document filed with the SEC, which is accessible through this link. Company insiders own 1.30% of the company's stock.

Heidrick & Struggles International Price Performance

NASDAQ HSII traded down $0.85 on Friday, hitting $37.96. 120,600 shares of the stock were exchanged, compared to its average volume of 154,851. The business's fifty day moving average is $42.50 and its 200 day moving average is $43.23. Heidrick & Struggles International, Inc. has a 52 week low of $29.03 and a 52 week high of $49.02. The company has a market capitalization 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend was Thursday, March 13th. Heidrick & Struggles International's payout ratio is currently 150.00%.

About Heidrick & Struggles International

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.