Systematic Financial Management LP Sells 4,845 Shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Systematic Financial Management LP lessened its holdings in shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII) by 1.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 480,646 shares of the business services provider’s stock after selling 4,845 shares during the period. Systematic Financial Management LP owned 2.51% of Heidrick & Struggles International worth $14,405,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Geode Capital Management LLC increased its position in Heidrick & Struggles International by 13.7% during the fourth quarter. Geode Capital Management LLC now owns 349,710 shares of the business services provider’s stock worth $10,907,000 after buying an additional 42,131 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Heidrick & Struggles International by 1.2% during the fourth quarter. Principal Financial Group Inc. now owns 155,672 shares of the business services provider’s stock worth $4,855,000 after purchasing an additional 1,799 shares in the last quarter. Bank of America Corp DE lifted its position in Heidrick & Struggles International by 488.3% in the 4th quarter. Bank of America Corp DE now owns 38,704 shares of the business services provider’s stock valued at $1,207,000 after acquiring an additional 32,125 shares in the last quarter. Metropolitan Life Insurance Co. NY lifted its position in Heidrick & Struggles International by 400.0% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 6,560 shares of the business services provider’s stock valued at $205,000 after acquiring an additional 5,248 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan bought a new stake in Heidrick & Struggles International in the 4th quarter valued at $171,000. Hedge funds and other institutional investors own 91.19% of the company’s stock.

A number of equities analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Heidrick & Struggles International from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. ValuEngine cut shares of Heidrick & Struggles International from a “hold” rating to a “sell” rating in a research report on Tuesday, April 30th. Finally, BidaskClub cut shares of Heidrick & Struggles International from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 18th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $42.33.

Shares of Heidrick & Struggles International stock traded down $0.05 during trading hours on Wednesday, reaching $28.15. The company’s stock had a trading volume of 1,652 shares, compared to its average volume of 119,587. Heidrick & Struggles International, Inc. has a one year low of $27.42 and a one year high of $45.28. The stock has a market cap of $563.81 million, a P/E ratio of 11.18, a P/E/G ratio of 1.13 and a beta of 1.36. The business has a fifty day simple moving average of $30.04. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.29.

Heidrick & Struggles International (NASDAQ:HSII) last released its quarterly earnings data on Monday, July 29th. The business services provider reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.12. Heidrick & Struggles International had a net margin of 7.32% and a return on equity of 19.96%. The firm had revenue of $173.12 million for the quarter, compared to analyst estimates of $177.92 million. During the same period last year, the firm earned $0.59 earnings per share. As a group, equities analysts forecast that Heidrick & Struggles International, Inc. will post 2.61 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Friday, August 9th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, August 8th. This represents a $0.60 annualized dividend and a dividend yield of 2.13%. Heidrick & Struggles International’s dividend payout ratio is currently 23.81%.

About Heidrick & Struggles International

Heidrick & Struggles International, Inc, together with its subsidiaries, provides executive search and consulting services to businesses and business leaders in the Americas, Europe, the Asia Pacific, and internationally. The company enables its clients to build leadership teams by facilitating the recruitment, management, and development of senior executives.

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Institutional Ownership by Quarter for Heidrick & Struggles International (NASDAQ:HSII)

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