Pacer Advisors Inc. Sells 199,770 Shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Pacer Advisors Inc. cut its stake in shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII - Free Report) by 21.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 731,426 shares of the business services provider's stock after selling 199,770 shares during the quarter. Pacer Advisors Inc. owned approximately 3.58% of Heidrick & Struggles International worth $32,409,000 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. Empowered Funds LLC boosted its position in Heidrick & Struggles International by 43.4% in the third quarter. Empowered Funds LLC now owns 185,273 shares of the business services provider's stock valued at $7,200,000 after buying an additional 56,047 shares in the last quarter. Systematic Financial Management LP grew its holdings in shares of Heidrick & Struggles International by 8.4% during the third quarter. Systematic Financial Management LP now owns 554,298 shares of the business services provider's stock worth $21,540,000 after purchasing an additional 43,087 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake 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 buying an additional 42,195 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in shares of Heidrick & Struggles International by 16.0% in the third quarter. Jacobs Levy Equity Management Inc. now owns 224,777 shares of the business services provider's stock valued at $8,735,000 after buying an additional 30,998 shares during the last quarter. Finally, AXA S.A. acquired a new position in Heidrick & Struggles International during the 2nd quarter worth about $970,000. Institutional investors and hedge funds own 90.13% of the company's stock.

Wall Street Analysts Forecast Growth

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

Heidrick & Struggles International Stock Down 0.6 %

NASDAQ HSII traded down $0.26 during trading hours on Friday, hitting $46.50. The company's stock had a trading volume of 68,440 shares, compared to its average volume of 104,964. The stock has a fifty day moving average of $45.33 and a 200 day moving average of $40.92. Heidrick & Struggles International, Inc. has a twelve month low of $28.51 and a twelve month high of $49.02. The firm has a market capitalization of $949.09 million, a P/E ratio of 25.14, a PEG ratio of 0.99 and a beta of 0.88.

Heidrick & Struggles International (NASDAQ:HSII - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The business services provider reported $0.72 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.04. The business had revenue of $282.82 million during the quarter, compared to analysts' expectations of $267.65 million. Heidrick & Struggles International had a return on equity of 12.38% and a net margin of 3.53%. During the same period in the previous year, the firm earned $0.73 earnings per share. On average, analysts predict that Heidrick & Struggles International, Inc. will post 2.68 earnings per share for the current year.

Heidrick & Struggles International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend was Thursday, November 14th. Heidrick & Struggles International's payout ratio is presently 32.43%.

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.