Heidrick & Struggles International, Inc. (NASDAQ:HSII) Shares Sold by Millennium Management LLC

Millennium Management LLC lowered its holdings in Heidrick & Struggles International, Inc. (NASDAQ:HSII) by 13.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 193,836 shares of the business services provider’s stock after selling 29,768 shares during the period. Millennium Management LLC owned approximately 0.96% of Heidrick & Struggles International worth $6,121,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in HSII. Innealta Capital LLC acquired a new position in Heidrick & Struggles International during the 2nd quarter worth approximately $29,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Heidrick & Struggles International during the first quarter worth $32,000. Meeder Asset Management Inc. purchased a new position in shares of Heidrick & Struggles International in the second quarter valued at $58,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Heidrick & Struggles International by 1,382.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,824 shares of the business services provider’s stock valued at $129,000 after buying an additional 3,566 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Heidrick & Struggles International by 7.5% during the 2nd quarter. Victory Capital Management Inc. now owns 5,705 shares of the business services provider’s stock valued at $180,000 after buying an additional 396 shares during the last quarter. Hedge funds and other institutional investors own 90.13% of the company’s stock.

Heidrick & Struggles International Stock Performance

NASDAQ HSII opened at $36.94 on Friday. The company has a 50-day simple moving average of $37.33 and a 200-day simple moving average of $34.52. Heidrick & Struggles International, Inc. has a one year low of $22.52 and a one year high of $41.94. The firm has a market capitalization of $747.96 million, a PE ratio of 14.43, a price-to-earnings-growth ratio of 0.91 and a beta of 0.85.

Heidrick & Struggles International (NASDAQ:HSII) last released its quarterly earnings data on Monday, July 29th. The business services provider reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.11. The business had revenue of $282.88 million during the quarter, compared to analyst estimates of $265.69 million. Heidrick & Struggles International had a return on equity of 12.66% and a net margin of 3.59%. During the same quarter in the previous year, the firm posted $0.73 EPS. Equities analysts forecast that Heidrick & Struggles International, Inc. will post 2.62 earnings per share for the current year.

Heidrick & Struggles International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Friday, August 9th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.62%. The ex-dividend date was Friday, August 9th. Heidrick & Struggles International’s dividend payout ratio is currently 23.44%.

Insiders Place Their Bets

In related news, CFO Mark R. Harris sold 7,500 shares of Heidrick & Struggles International stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $40.70, for a total transaction of $305,250.00. Following the sale, the chief financial officer now directly owns 65,953 shares in the company, valued at $2,684,287.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Mark R. Harris sold 7,500 shares of the business’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $40.70, for a total value of $305,250.00. Following the sale, the chief financial officer now owns 65,953 shares of the company’s stock, valued at approximately $2,684,287.10. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Sarah Payne sold 8,691 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $40.40, for a total value of $351,116.40. Following the transaction, the insider now directly owns 27,451 shares of the company’s stock, valued at $1,109,020.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

HSII has been the topic of a number of research analyst reports. StockNews.com downgraded shares of Heidrick & Struggles International from a “buy” rating to a “hold” rating in a research note on Tuesday, July 30th. Barrington Research reaffirmed an “outperform” rating and set a $44.00 price target on shares of Heidrick & Struggles International in a research report on Friday, September 20th.

Heidrick & Struggles International Company Profile

Heidrick & Struggles International, Inc, together with its subsidiaries, provides executive search, consulting, and on-demand talent services to businesses and business leaders worldwide. It enables its clients to build leadership teams by facilitating the recruitment, management, and development of senior executives.