Federated Hermes Inc. Cuts Stock Holdings in Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Federated Hermes Inc. decreased its stake in shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII) by 11.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 158,827 shares of the business services provider’s stock after selling 20,244 shares during the period. Federated Hermes Inc. owned about 0.79% of Heidrick & Struggles International worth $4,690,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Quantbot Technologies LP boosted its position in shares of Heidrick & Struggles International by 559.4% during the third quarter. Quantbot Technologies LP now owns 3,554 shares of the business services provider’s stock valued at $89,000 after buying an additional 3,015 shares during the last quarter. Denali Advisors LLC lifted its holdings in Heidrick & Struggles International by 70.6% during the third quarter. Denali Advisors LLC now owns 8,700 shares of the business services provider’s stock worth $218,000 after acquiring an additional 3,600 shares during the period. Quadrature Capital Ltd lifted its holdings in Heidrick & Struggles International by 22.7% during the third quarter. Quadrature Capital Ltd now owns 10,514 shares of the business services provider’s stock worth $263,000 after acquiring an additional 1,946 shares during the period. Jump Financial LLC bought a new stake in Heidrick & Struggles International during the third quarter worth $268,000. Finally, Louisiana State Employees Retirement System bought a new stake in Heidrick & Struggles International during the fourth quarter worth $298,000. Hedge funds and other institutional investors own 90.13% of the company’s stock.

Heidrick & Struggles International Price Performance

Shares of HSII opened at $30.26 on Friday. The firm has a market cap of $611.55 million, a PE ratio of 11.42, a PEG ratio of 0.72 and a beta of 0.83. The stock’s fifty day moving average price is $31.60 and its two-hundred day moving average price is $28.92. Heidrick & Struggles International, Inc. has a 1 year low of $22.52 and a 1 year high of $35.38.

Heidrick & Struggles International (NASDAQ:HSII) last released its quarterly earnings data on Monday, February 26th. The business services provider reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.03. Heidrick & Struggles International had a return on equity of 13.81% and a net margin of 5.23%. The company had revenue of $253.16 million for the quarter, compared to analyst estimates of $248.17 million. Sell-side analysts anticipate that Heidrick & Struggles International, Inc. will post 2.69 earnings per share for the current fiscal year.

Heidrick & Struggles International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Friday, March 8th were paid a dividend of $0.15 per share. The ex-dividend date was Thursday, March 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.98%. Heidrick & Struggles International’s payout ratio is 22.64%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. TheStreet upgraded Heidrick & Struggles International from a “c+” rating to a “b-” rating in a report on Monday, February 12th. StockNews.com upgraded Heidrick & Struggles International from a “hold” rating to a “buy” rating in a report on Tuesday, March 12th. Barrington Research reiterated an “outperform” rating and set a $40.00 price target on shares of Heidrick & Struggles International in a report on Monday, March 4th. Finally, Truist Financial boosted their target price on Heidrick & Struggles International from $27.00 to $30.00 and gave the company a “hold” rating in a research note on Tuesday, February 27th.

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.