Heidrick & Struggles International, Inc. (NASDAQ:HSII) Holdings Cut by Pacer Advisors Inc.

Pacer Advisors Inc. cut its stake in shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII) by 21.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 731,426 shares of the business services provider’s stock after selling 199,770 shares during the quarter. Pacer Advisors Inc.’s holdings in Heidrick & Struggles International were worth $32,409,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quest Partners LLC bought a new position in Heidrick & Struggles International during the 3rd quarter worth $30,000. Gladius Capital Management LP bought a new position in shares of Heidrick & Struggles International during the third quarter worth about $31,000. Quantbot Technologies LP bought a new position in shares of Heidrick & Struggles International during the third quarter worth about $33,000. Quarry LP acquired a new stake in shares of Heidrick & Struggles International in the 2nd quarter worth about $44,000. Finally, Orion Portfolio Solutions LLC bought a new stake in Heidrick & Struggles International in the 3rd quarter valued at about $207,000. 90.13% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HSII has been the topic of several analyst reports. Truist Financial restated a “hold” rating and issued a $42.00 price target (up previously from $40.00) on shares of Heidrick & Struggles International in a research note on Wednesday, December 4th. Barrington Research raised their target price on Heidrick & Struggles International from $44.00 to $50.00 and gave the company an “outperform” rating in a research report on Monday, December 2nd. Finally, StockNews.com upgraded Heidrick & Struggles International from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th.

Heidrick & Struggles International Price Performance

Shares of NASDAQ:HSII opened at $46.13 on Tuesday. The stock has a market cap of $941.51 million, a price-to-earnings ratio of 24.94, a PEG ratio of 0.99 and a beta of 0.88. Heidrick & Struggles International, Inc. has a 12 month low of $28.51 and a 12 month high of $49.02. The stock’s 50 day moving average price is $45.27 and its 200 day moving average price is $40.74.

Heidrick & Struggles International (NASDAQ:HSII) last announced its quarterly earnings data on Monday, November 4th. The business services provider reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.04. The business had revenue of $282.82 million during the quarter, compared to analyst estimates of $267.65 million. Heidrick & Struggles International had a return on equity of 12.38% and a net margin of 3.53%. During the same quarter in the prior year, the firm posted $0.73 earnings per share. On average, sell-side analysts expect that Heidrick & Struggles International, Inc. will post 2.68 EPS for the current year.

Heidrick & Struggles International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were issued a $0.15 dividend. The ex-dividend date was Thursday, November 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.30%. Heidrick & Struggles International’s payout ratio is currently 32.43%.

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.