Intech Investment Management LLC raised its position in Heidrick & Struggles International, Inc. (NASDAQ:HSII - Free Report) by 156.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,226 shares of the business services provider's stock after purchasing an additional 10,519 shares during the period. Intech Investment Management LLC owned 0.08% of Heidrick & Struggles International worth $763,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Allianz Asset Management GmbH raised its position in shares of Heidrick & Struggles International by 39.2% in the fourth quarter. Allianz Asset Management GmbH now owns 599,411 shares of the business services provider's stock worth $26,560,000 after buying an additional 168,912 shares in the last quarter. Systematic Financial Management LP increased its stake in Heidrick & Struggles International by 8.4% in the 3rd quarter. Systematic Financial Management LP now owns 554,298 shares of the business services provider's stock worth $21,540,000 after acquiring an additional 43,087 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of 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 acquiring an additional 18,771 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Heidrick & Struggles International by 3.0% during the 3rd quarter. Wellington Management Group LLP now owns 431,856 shares of the business services provider's stock valued at $16,782,000 after acquiring an additional 12,640 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its position in shares of Heidrick & Struggles International by 1.6% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 275,306 shares of the business services provider's stock valued at $10,698,000 after acquiring an additional 4,400 shares during the last quarter. 90.13% of the stock is currently owned by hedge funds and other institutional investors.
Heidrick & Struggles International Trading Up 0.6 %
Shares of HSII traded up $0.27 during midday trading on Thursday, reaching $44.09. The stock had a trading volume of 94,858 shares, compared to its average volume of 143,235. The company has a market capitalization of $899.88 million, a price-to-earnings ratio of 23.83, a price-to-earnings-growth ratio of 0.91 and a beta of 0.80. The company's 50-day moving average is $44.30 and its 200 day moving average is $42.87. Heidrick & Struggles International, Inc. has a 12-month low of $29.03 and a 12-month high of $49.02.
Heidrick & Struggles International Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend is Thursday, March 13th. Heidrick & Struggles International's dividend payout ratio (DPR) is presently 150.00%.
Insider Transactions at Heidrick & Struggles International
In other Heidrick & Struggles International news, CEO Thomas L. Monahan bought 5,000 shares of Heidrick & Struggles International stock in a transaction that occurred on Thursday, March 6th. The shares were bought at an average price of $45.55 per share, with a total value of $227,750.00. Following the acquisition, the chief executive officer now owns 144,834 shares in the company, valued at approximately $6,597,188.70. This trade represents a 3.58 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.30% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on the stock. Truist Financial reaffirmed a "hold" rating and issued a $42.00 target price (up from $40.00) on shares of Heidrick & Struggles International in a research note on Wednesday, December 4th. Barrington Research raised their price objective on shares of Heidrick & Struggles International from $50.00 to $52.00 and gave the company an "outperform" rating in a research report on Wednesday, March 5th.
Check Out Our Latest Research Report on HSII
About Heidrick & Struggles International
(
Free Report)
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.
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