UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 9,187 Shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in Heidrick & Struggles International, Inc. (NASDAQ:HSII) by 22.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,644 shares of the business services provider’s stock after selling 9,187 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.16% of Heidrick & Struggles International worth $1,269,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. BNP Paribas Financial Markets increased its holdings in shares of Heidrick & Struggles International by 1.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 34,170 shares of the business services provider’s stock worth $1,328,000 after acquiring an additional 427 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Heidrick & Struggles International in the third quarter valued at about $33,000. Dynamic Technology Lab Private Ltd lifted its stake in shares of 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 worth $668,000 after buying an additional 964 shares during the last quarter. Intech Investment Management LLC bought a new stake in shares of Heidrick & Struggles International during the 3rd quarter worth about $261,000. Finally, Banque Cantonale Vaudoise grew its stake in Heidrick & Struggles International by 132.0% in the 3rd quarter. Banque Cantonale Vaudoise now owns 7,108 shares of the business services provider’s stock valued at $276,000 after buying an additional 4,044 shares during the last quarter. 90.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Heidrick & Struggles International Stock Down 0.3 %

NASDAQ HSII opened at $45.45 on Wednesday. Heidrick & Struggles International, Inc. has a 12-month low of $26.52 and a 12-month high of $49.02. The firm has a 50-day moving average price of $42.99 and a two-hundred day moving average price of $38.21. The company has a market capitalization of $927.59 million, a P/E ratio of 24.57, a P/E/G ratio of 1.07 and a beta of 0.88.

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

Heidrick & Struggles International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.32%. The ex-dividend date was Thursday, November 14th. Heidrick & Struggles International’s dividend payout ratio is currently 32.43%.

About Heidrick & Struggles International

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.