Pacer Advisors Inc. Sells 519,579 Shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Pacer Advisors Inc. trimmed its holdings in shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII) by 71.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 211,847 shares of the business services provider’s stock after selling 519,579 shares during the period. Pacer Advisors Inc. owned 1.03% of Heidrick & Struggles International worth $9,073,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. KLP Kapitalforvaltning AS acquired a new stake in shares of Heidrick & Struggles International in the fourth quarter valued at $173,000. Bailard Inc. bought a new stake in Heidrick & Struggles International during the 1st quarter worth about $214,000. Gallacher Capital Management LLC acquired a new stake in Heidrick & Struggles International in the 1st quarter valued at about $231,000. ProShare Advisors LLC bought a new position in shares of Heidrick & Struggles International in the fourth quarter worth about $269,000. Finally, Hohimer Wealth Management LLC lifted its position in shares of Heidrick & Struggles International by 5.4% during the first quarter. Hohimer Wealth Management LLC now owns 6,922 shares of the business services provider’s stock worth $296,000 after purchasing an additional 353 shares in the last quarter. Institutional investors own 90.13% of the company’s stock.

Heidrick & Struggles International Trading Up 0.2%

Shares of NASDAQ:HSII opened at $46.30 on Monday. Heidrick & Struggles International, Inc. has a 1-year low of $35.38 and a 1-year high of $49.02. The stock has a market capitalization of $954.71 million, a P/E ratio of 132.29, a P/E/G ratio of 1.01 and a beta of 1.02. The business has a 50-day moving average price of $44.91 and a two-hundred day moving average price of $43.52.

Heidrick & Struggles International (NASDAQ:HSII) last posted its quarterly earnings results on Monday, May 5th. The business services provider reported $0.67 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.67. Heidrick & Struggles International had a net margin of 0.71% and a return on equity of 14.23%. The business had revenue of $287.44 million during the quarter, compared to the consensus estimate of $267.42 million. As a group, equities analysts predict that Heidrick & Struggles International, Inc. will post 2.68 EPS for the current year.

Heidrick & Struggles International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date was Thursday, May 15th. Heidrick & Struggles International’s dividend payout ratio (DPR) is currently 171.43%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on HSII shares. Barrington Research reissued an “outperform” rating and issued a $52.00 price target on shares of Heidrick & Struggles International in a report on Friday, June 13th. Truist Financial increased their price objective on Heidrick & Struggles International from $44.00 to $46.00 and gave the company a “hold” rating in a research report on Friday, June 20th.

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.