New York State Common Retirement Fund Trims Stock Holdings in Heidrick & Struggles International, Inc. (NASDAQ:HSII)

New York State Common Retirement Fund cut its holdings in shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII) by 57.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,667 shares of the business services provider’s stock after selling 10,200 shares during the period. New York State Common Retirement Fund’s holdings in Heidrick & Struggles International were worth $340,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Principal Financial Group Inc. boosted its stake in Heidrick & Struggles International by 4.4% during the 4th quarter. Principal Financial Group Inc. now owns 113,269 shares of the business services provider’s stock worth $5,019,000 after purchasing an additional 4,784 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in shares of Heidrick & Struggles International during the fourth quarter worth about $451,000. Empowered Funds LLC boosted its stake in shares of Heidrick & Struggles International by 2.6% during the fourth quarter. Empowered Funds LLC now owns 190,168 shares of the business services provider’s stock worth $8,426,000 after buying an additional 4,895 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Heidrick & Struggles International during the fourth quarter worth about $638,000. Finally, Inspire Investing LLC increased its position in Heidrick & Struggles International by 160.1% in the 4th quarter. Inspire Investing LLC now owns 27,722 shares of the business services provider’s stock valued at $1,228,000 after acquiring an additional 17,062 shares during the period. 90.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. StockNews.com upgraded Heidrick & Struggles International from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Truist Financial reiterated a “hold” rating and issued a $42.00 price objective (up from $40.00) on shares of Heidrick & Struggles International in a research report on Wednesday, December 4th. Finally, Barrington Research upped 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.

Heidrick & Struggles International Trading Up 12.3 %

Shares of HSII opened at $44.48 on Wednesday. The stock’s 50 day moving average is $44.45 and its two-hundred day moving average is $42.14. Heidrick & Struggles International, Inc. has a twelve month low of $29.03 and a twelve month high of $49.02. The firm has a market capitalization of $907.79 million, a PE ratio of 24.04, a P/E/G ratio of 0.91 and a beta of 0.87.

Heidrick & Struggles International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend is Thursday, March 13th. Heidrick & Struggles International’s dividend payout ratio is presently 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.