Charles Schwab Investment Management Inc. Trims Stake in Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Charles Schwab Investment Management Inc. lowered its position in Heidrick & Struggles International, Inc. (NASDAQ:HSII - Free Report) by 11.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 219,312 shares of the business services provider's stock after selling 27,699 shares during the period. Charles Schwab Investment Management Inc. owned about 1.07% of Heidrick & Struggles International worth $9,718,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Quest Partners LLC bought a new stake in Heidrick & Struggles International in the 3rd quarter worth about $30,000. Quantbot Technologies LP bought a new position in shares of Heidrick & Struggles International in the third quarter valued at approximately $33,000. Orion Portfolio Solutions LLC bought a new position in shares of Heidrick & Struggles International in the third quarter valued at approximately $207,000. HighTower Advisors LLC purchased a new stake in shares of Heidrick & Struggles International during the third quarter valued at approximately $212,000. Finally, Intech Investment Management LLC bought a new stake in Heidrick & Struggles International during the third quarter worth $261,000. 90.13% of the stock is owned by institutional investors.

Heidrick & Struggles International Stock Performance

NASDAQ HSII traded down $0.10 on Wednesday, hitting $43.82. The stock had a trading volume of 95,855 shares, compared to its average volume of 143,186. The company has a market capitalization of $894.37 million, a price-to-earnings ratio of 23.69, a price-to-earnings-growth ratio of 0.91 and a beta of 0.80. Heidrick & Struggles International, Inc. has a 52-week low of $29.03 and a 52-week high of $49.02. The firm has a 50-day moving average of $44.35 and a 200-day moving average of $42.86.

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Heidrick & Struggles International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.60 annualized dividend and a yield of 1.37%. Heidrick & Struggles International's payout ratio is presently 150.00%.

Insider Activity

In other news, CEO Thomas L. Monahan purchased 5,000 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 144,834 shares of the company's stock, valued at approximately $6,597,188.70. This trade represents a 3.58 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.30% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Truist Financial reissued a "hold" rating and issued a $42.00 price target (up from $40.00) on shares of Heidrick & Struggles International in a report on Wednesday, December 4th. Barrington Research increased 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 report on Wednesday, March 5th.

Heidrick & Struggles International Company 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.