Prudential Financial Inc. trimmed its position in shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII) by 9.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 161,412 shares of the business services provider’s stock after selling 17,327 shares during the quarter. Prudential Financial Inc. owned about 0.84% of Heidrick & Struggles International worth $4,838,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in HSII. BNP Paribas Arbitrage SA lifted its position in shares of Heidrick & Struggles International by 324.5% during the first quarter. BNP Paribas Arbitrage SA now owns 3,888 shares of the business services provider’s stock valued at $149,000 after buying an additional 2,972 shares during the last quarter. Alps Advisors Inc. purchased a new position in shares of Heidrick & Struggles International in the 1st quarter valued at approximately $380,000. Comerica Bank raised its position in shares of Heidrick & Struggles International by 2.7% in the 1st quarter. Comerica Bank now owns 18,759 shares of the business services provider’s stock valued at $787,000 after purchasing an additional 491 shares during the last quarter. Texas Permanent School Fund raised its position in shares of Heidrick & Struggles International by 3.9% in the 1st quarter. Texas Permanent School Fund now owns 12,890 shares of the business services provider’s stock valued at $494,000 after purchasing an additional 483 shares during the last quarter. Finally, Victory Capital Management Inc. purchased a new position in shares of Heidrick & Struggles International in the 1st quarter valued at approximately $160,000. 92.86% of the stock is owned by institutional investors and hedge funds.

Shares of Heidrick & Struggles International stock traded up $0.62 during midday trading on Friday, hitting $28.07. The company had a trading volume of 1,474 shares, compared to its average volume of 93,857. The stock has a market cap of $514.84 million, a price-to-earnings ratio of 11.14, a PEG ratio of 1.03 and a beta of 1.34. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.29. The company has a fifty day simple moving average of $27.64 and a 200 day simple moving average of $33.54. Heidrick & Struggles International, Inc. has a 12-month low of $25.27 and a 12-month high of $44.66.

Heidrick & Struggles International (NASDAQ:HSII) last issued its quarterly earnings results on Monday, July 29th. The business services provider reported $0.73 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 company had revenue of $173.12 million for the quarter, compared to the consensus estimate of $177.92 million. During the same quarter in the prior year, the company earned $0.59 EPS. As a group, analysts expect that Heidrick & Struggles International, Inc. will post 2.62 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were issued a $0.15 dividend. The ex-dividend date of this dividend was Thursday, August 8th. This represents a $0.60 annualized dividend and a yield of 2.14%. Heidrick & Struggles International’s dividend payout ratio (DPR) is presently 23.81%.

Several equities analysts recently commented on the stock. Zacks Investment Research raised shares of Heidrick & Struggles International from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. BidaskClub lowered 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 assigned a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $42.33.

Heidrick & Struggles International Profile

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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