Mackenzie Financial Corp Invests $307,000 in Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Mackenzie Financial Corp purchased a new position in Heidrick & Struggles International, Inc. (NASDAQ:HSII) during the 4th quarter, Holdings Channel.com reports. The firm purchased 10,413 shares of the business services provider’s stock, valued at approximately $307,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quantbot Technologies LP grew its position in Heidrick & Struggles International by 559.4% in the 3rd quarter. Quantbot Technologies LP now owns 3,554 shares of the business services provider’s stock worth $89,000 after purchasing an additional 3,015 shares during the period. Denali Advisors LLC boosted its position in shares of Heidrick & Struggles International by 70.6% in the third quarter. Denali Advisors LLC now owns 8,700 shares of the business services provider’s stock worth $218,000 after purchasing an additional 3,600 shares during the period. Quadrature Capital Ltd lifted its position in shares of Heidrick & Struggles International by 22.7% in the third quarter. Quadrature Capital Ltd now owns 10,514 shares of the business services provider’s stock valued at $263,000 after acquiring an additional 1,946 shares in the last quarter. Jump Financial LLC bought a new stake in shares of Heidrick & Struggles International during the third quarter valued at approximately $268,000. Finally, Louisiana State Employees Retirement System purchased a new position in Heidrick & Struggles International during the 4th quarter valued at approximately $298,000. Institutional investors own 90.13% of the company’s stock.

Heidrick & Struggles International Trading Down 0.1 %

Shares of Heidrick & Struggles International stock opened at $30.26 on Friday. The firm’s 50-day moving average price is $31.63 and its 200 day moving average price is $28.95. The firm has a market capitalization of $611.55 million, a PE ratio of 11.42, a P/E/G ratio of 0.70 and a beta of 0.83. Heidrick & Struggles International, Inc. has a twelve month low of $22.52 and a twelve month high of $35.38.

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

Heidrick & Struggles International Announces Dividend

The company also recently announced 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%.

Analyst Ratings Changes

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

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.