Swiss National Bank Increases Stock Position in Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Swiss National Bank lifted its holdings in Heidrick & Struggles International, Inc. (NASDAQ:HSII) by 1.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,000 shares of the business services provider’s stock after buying an additional 500 shares during the quarter. Swiss National Bank owned approximately 0.20% of Heidrick & Struggles International worth $1,772,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Victory Capital Management Inc. boosted its holdings in Heidrick & Struggles International by 218.3% in the third quarter. Victory Capital Management Inc. now owns 18,159 shares of the business services provider’s stock worth $706,000 after acquiring an additional 12,454 shares in the last quarter. Quest Partners LLC bought a new position in Heidrick & Struggles International in the 3rd quarter worth about $30,000. Intech Investment Management LLC purchased a new stake in Heidrick & Struggles International during the 3rd quarter valued at about $261,000. Dynamic Technology Lab Private Ltd increased its stake in Heidrick & Struggles International by 5.9% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 17,196 shares of the business services provider’s stock valued at $668,000 after purchasing an additional 964 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in Heidrick & Struggles International in the third quarter worth about $33,000. 90.13% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO Thomas L. Monahan bought 5,000 shares of the stock in a transaction on Thursday, March 6th. The shares were bought at an average price of $45.55 per share, with a total value of $227,750.00. Following the completion of the acquisition, the chief executive officer now owns 144,834 shares in the company, valued at $6,597,188.70. The trade was 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 Upgrades and Downgrades

A number of research firms have recently commented on HSII. Truist Financial reiterated a “hold” rating and set a $42.00 price target (up previously from $40.00) on shares of Heidrick & Struggles International in a report on Wednesday, December 4th. Barrington Research increased their target price on Heidrick & Struggles International from $50.00 to $52.00 and gave the company an “outperform” rating in a research note on Wednesday, March 5th.

Heidrick & Struggles International Stock Performance

HSII opened at $43.48 on Friday. The company’s 50-day simple moving average is $44.21 and its two-hundred day simple moving average is $42.93. The stock has a market capitalization of $887.43 million, a P/E ratio of 23.50, a P/E/G ratio of 0.91 and a beta of 0.80. Heidrick & Struggles International, Inc. has a 52-week low of $29.03 and a 52-week high of $49.02.

Heidrick & Struggles International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.38%. The ex-dividend date was Thursday, March 13th. Heidrick & Struggles International’s dividend payout ratio is currently 150.00%.

Heidrick & Struggles International Company 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.