Heidrick & Struggles International, Inc. (NASDAQ:HSII) Stake Lessened by Voya Investment Management LLC

Voya Investment Management LLC trimmed its stake in shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII) by 5.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,977 shares of the business services provider’s stock after selling 625 shares during the quarter. Voya Investment Management LLC owned approximately 0.05% of Heidrick & Struggles International worth $486,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Allianz Asset Management GmbH grew its stake in 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 purchasing an additional 168,912 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Heidrick & Struggles International by 398.7% in the 4th quarter. JPMorgan Chase & Co. now owns 200,982 shares of the business services provider’s stock worth $8,906,000 after acquiring an additional 160,677 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Heidrick & Struggles International by 125.9% in the 4th quarter. American Century Companies Inc. now owns 287,569 shares of the business services provider’s stock valued at $12,742,000 after acquiring an additional 160,257 shares during the last quarter. Alliancebernstein L.P. increased its holdings in shares of Heidrick & Struggles International by 345.3% in the 4th quarter. Alliancebernstein L.P. now owns 85,800 shares of the business services provider’s stock valued at $3,802,000 after acquiring an additional 66,530 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its position in shares of Heidrick & Struggles International by 180.4% during the 4th quarter. Teacher Retirement System of Texas now owns 62,190 shares of the business services provider’s stock valued at $2,756,000 after acquiring an additional 40,010 shares in the last quarter. 90.13% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have weighed in on HSII shares. Truist Financial boosted their target price on shares of Heidrick & Struggles International from $42.00 to $44.00 and gave the company a “hold” rating in a research note on Tuesday, April 15th. Barrington Research boosted 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.

Insider Activity at Heidrick & Struggles International

In other Heidrick & Struggles International news, CEO Thomas L. Monahan purchased 5,000 shares of Heidrick & Struggles International stock in a transaction on Thursday, March 6th. The stock was bought at an average price of $45.55 per share, for a total transaction of $227,750.00. Following the transaction, the chief executive officer now owns 144,834 shares of the company’s stock, valued at $6,597,188.70. The trade was a 3.58 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.43% of the stock is owned by insiders.

Heidrick & Struggles International Price Performance

Shares of HSII opened at $42.37 on Friday. The company has a market cap of $873.71 million, a P/E ratio of 22.90, a PEG ratio of 0.91 and a beta of 0.98. Heidrick & Struggles International, Inc. has a 12 month low of $30.20 and a 12 month high of $49.02. The stock has a fifty day moving average price of $41.41 and a 200 day moving average price of $43.40.

Heidrick & Struggles International (NASDAQ:HSII) last released its quarterly earnings data on Monday, May 5th. The business services provider reported $0.67 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.67. The business had revenue of $287.44 million for the quarter, compared to analysts’ expectations of $267.42 million. Heidrick & Struggles International had a net margin of 3.53% and a return on equity of 12.38%. As a group, research analysts anticipate that Heidrick & Struggles International, Inc. will post 2.68 earnings per share for the current year.

Heidrick & Struggles International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend is Thursday, May 15th. Heidrick & Struggles International’s dividend payout ratio (DPR) is 171.43%.

Heidrick & Struggles International 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.