Empowered Funds LLC Sells 3,235 Shares of Heidrick & Struggles International, Inc. $HSII

Empowered Funds LLC cut its position in Heidrick & Struggles International, Inc. (NASDAQ:HSII) by 1.9% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 169,155 shares of the business services provider’s stock after selling 3,235 shares during the period. Empowered Funds LLC’s holdings in Heidrick & Struggles International were worth $7,741,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in HSII. CWM LLC increased its holdings in Heidrick & Struggles International by 375.2% in the 2nd quarter. CWM LLC now owns 784 shares of the business services provider’s stock worth $36,000 after acquiring an additional 619 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in Heidrick & Struggles International by 38.9% during the second quarter. Nisa Investment Advisors LLC now owns 846 shares of the business services provider’s stock worth $39,000 after purchasing an additional 237 shares during the period. Atlantic Union Bankshares Corp bought a new position in Heidrick & Struggles International during the second quarter worth about $101,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in shares of Heidrick & Struggles International in the second quarter worth about $208,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Heidrick & Struggles International by 8.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,294 shares of the business services provider’s stock valued at $242,000 after purchasing an additional 410 shares during the period. Hedge funds and other institutional investors own 90.13% of the company’s stock.

Analyst Ratings Changes

HSII has been the subject of several analyst reports. Wall Street Zen raised shares of Heidrick & Struggles International from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 9th. Weiss Ratings restated a “hold (c+)” rating on shares of Heidrick & Struggles International in a research report on Wednesday, October 8th. Truist Financial raised their price target on Heidrick & Struggles International from $48.00 to $59.00 and gave the stock a “hold” rating in a report on Monday, October 6th. Finally, Barrington Research set a $59.00 price objective on Heidrick & Struggles International in a research note on Thursday, October 9th. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, Heidrick & Struggles International presently has a consensus rating of “Hold” and an average target price of $59.00.

Heidrick & Struggles International Stock Performance

Heidrick & Struggles International stock opened at $58.76 on Thursday. Heidrick & Struggles International, Inc. has a 1-year low of $36.87 and a 1-year high of $58.85. The firm has a market capitalization of $1.22 billion, a PE ratio of 36.96, a price-to-earnings-growth ratio of 1.15 and a beta of 1.10. The firm’s 50 day simple moving average is $55.48 and its 200 day simple moving average is $49.17.

Heidrick & Struggles International (NASDAQ:HSII) last announced its quarterly earnings results on Monday, November 3rd. The business services provider reported $0.83 EPS for the quarter, beating the consensus estimate of $0.76 by $0.07. The firm had revenue of $327.90 million during the quarter, compared to the consensus estimate of $305.19 million. Heidrick & Struggles International had a net margin of 2.92% and a return on equity of 14.85%. Research analysts forecast 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 announced a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Thursday, November 13th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.0%. The ex-dividend date is Thursday, November 13th. Heidrick & Struggles International’s payout ratio is presently 35.09%.

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.