Millennium Management LLC Trims Position in Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Millennium Management LLC reduced its holdings in shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII - Free Report) by 13.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 193,836 shares of the business services provider's stock after selling 29,768 shares during the period. Millennium Management LLC owned about 0.96% of Heidrick & Struggles International worth $6,121,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Victory Capital Management Inc. increased its stake in Heidrick & Struggles International by 7.5% in the second quarter. Victory Capital Management Inc. now owns 5,705 shares of the business services provider's stock worth $180,000 after purchasing an additional 396 shares during the period. Keene & Associates Inc. increased its stake in Heidrick & Struggles International by 4.8% in the 2nd quarter. Keene & Associates Inc. now owns 9,565 shares of the business services provider's stock worth $302,000 after buying an additional 435 shares during the period. Illinois Municipal Retirement Fund lifted its holdings in Heidrick & Struggles International by 4.9% during the 1st quarter. Illinois Municipal Retirement Fund now owns 12,218 shares of the business services provider's stock valued at $411,000 after buying an additional 571 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its position in Heidrick & Struggles International by 7.2% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 10,418 shares of the business services provider's stock valued at $351,000 after buying an additional 701 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in Heidrick & Struggles International by 5.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,676 shares of the business services provider's stock valued at $562,000 after buying an additional 863 shares during the period. Hedge funds and other institutional investors own 90.13% of the company's stock.

Heidrick & Struggles International Price Performance

NASDAQ HSII traded up $0.79 during trading on Friday, reaching $37.73. 54,471 shares of the company's stock traded hands, compared to its average volume of 154,697. Heidrick & Struggles International, Inc. has a 12-month low of $22.52 and a 12-month high of $41.94. The firm has a market cap of $766.67 million, a price-to-earnings ratio of 19.75, a price-to-earnings-growth ratio of 0.89 and a beta of 0.85. The company's 50 day simple moving average is $37.33 and its two-hundred day simple moving average is $34.52.

Heidrick & Struggles International (NASDAQ:HSII - Get Free Report) last issued its quarterly earnings data on Monday, July 29th. The business services provider reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.11. The company had revenue of $282.88 million for the quarter, compared to analyst estimates of $265.69 million. Heidrick & Struggles International had a net margin of 3.59% and a return on equity of 12.66%. During the same period last year, the company posted $0.73 earnings per share. Research analysts expect that Heidrick & Struggles International, Inc. will post 2.62 earnings per share for the current fiscal year.

Heidrick & Struggles International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Friday, August 9th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend was Friday, August 9th. Heidrick & Struggles International's payout ratio is currently 32.09%.

Insider Buying and Selling at Heidrick & Struggles International

In other Heidrick & Struggles International news, CFO Mark R. Harris sold 7,500 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $40.70, for a total transaction of $305,250.00. Following the completion of the sale, the chief financial officer now directly owns 65,953 shares of the company's stock, valued at approximately $2,684,287.10. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, insider Sarah Payne sold 8,691 shares of the business's stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $40.40, for a total transaction of $351,116.40. Following the sale, the insider now owns 27,451 shares in the company, valued at approximately $1,109,020.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Mark R. Harris sold 7,500 shares of the company's stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $40.70, for a total transaction of $305,250.00. Following the transaction, the chief financial officer now owns 65,953 shares in the company, valued at approximately $2,684,287.10. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

HSII has been the topic of a number of research reports. StockNews.com lowered shares of Heidrick & Struggles International from a "buy" rating to a "hold" rating in a research report on Tuesday, July 30th. Barrington Research restated an "outperform" rating and set a $44.00 price objective on shares of Heidrick & Struggles International in a report on Friday, September 20th.

Heidrick & Struggles International 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.