Sterling Capital Management LLC Grows Stake in Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Sterling Capital Management LLC lifted its stake in Heidrick & Struggles International, Inc. (NASDAQ:HSII) by 5.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,984 shares of the business services provider’s stock after purchasing an additional 574 shares during the quarter. Sterling Capital Management LLC owned 0.05% of Heidrick & Struggles International worth $487,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of HSII. Vanguard Group Inc. lifted its holdings in shares of Heidrick & Struggles International by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 1,517,661 shares of the business services provider’s stock valued at $67,248,000 after purchasing an additional 14,035 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Heidrick & Struggles International by 3.7% during the 4th quarter. Renaissance Technologies LLC now owns 1,106,640 shares of the business services provider’s stock valued at $49,035,000 after acquiring an additional 39,800 shares during the period. Allianz Asset Management GmbH boosted its holdings in shares of Heidrick & Struggles International by 39.2% during the 4th quarter. Allianz Asset Management GmbH now owns 599,411 shares of the business services provider’s stock valued at $26,560,000 after acquiring an additional 168,912 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Heidrick & Struggles International by 3.9% in the third quarter. Geode Capital Management LLC now owns 495,513 shares of the business services provider’s stock worth $19,259,000 after acquiring an additional 18,771 shares during the period. Finally, American Century Companies Inc. raised its holdings in shares of Heidrick & Struggles International by 125.9% during the fourth quarter. American Century Companies Inc. now owns 287,569 shares of the business services provider’s stock valued at $12,742,000 after purchasing an additional 160,257 shares during the last quarter. Institutional investors own 90.13% of the company’s stock.

Heidrick & Struggles International Trading Down 2.2 %

HSII opened at $37.96 on Friday. The firm’s 50 day simple moving average is $42.35 and its two-hundred day simple moving average is $43.23. The company has a market capitalization of $782.93 million, a PE ratio of 20.52, a PEG ratio of 0.91 and a beta of 0.86. Heidrick & Struggles International, Inc. has a 1-year low of $29.03 and a 1-year high of $49.02.

Heidrick & Struggles International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.60 annualized dividend and a yield of 1.58%. Heidrick & Struggles International’s dividend payout ratio (DPR) is presently 150.00%.

Insider Buying and Selling at Heidrick & Struggles International

In related news, CEO Thomas L. Monahan acquired 5,000 shares of the stock in a transaction dated Thursday, March 6th. The shares were purchased at an average cost of $45.55 per share, with a total value of $227,750.00. Following the transaction, the chief executive officer now directly owns 144,834 shares in the company, valued at approximately $6,597,188.70. This represents a 3.58 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on HSII shares. Truist Financial lifted their target price on shares of Heidrick & Struggles International from $42.00 to $44.00 and gave the stock a “hold” rating in a research report on Tuesday. Barrington Research lifted their price objective on Heidrick & Struggles International from $50.00 to $52.00 and gave the stock an “outperform” rating in a report on Wednesday, March 5th.

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.