Heidrick & Struggles International (NASDAQ:HSII) Given New $33.00 Price Target at Truist Financial

Heidrick & Struggles International (NASDAQ:HSII) had its target price hoisted by Truist Financial from $30.00 to $33.00 in a research report released on Tuesday, Benzinga reports. They currently have a hold rating on the business services provider’s stock.

A number of other research firms have also recently issued reports on HSII. TheStreet upgraded Heidrick & Struggles International from a c+ rating to a b- rating in a research note on Monday, February 12th. StockNews.com upgraded Heidrick & Struggles International from a hold rating to a buy rating in a research note on Tuesday, March 12th. Finally, Barrington Research reiterated an outperform rating and issued a $40.00 target price on shares of Heidrick & Struggles International in a research note on Monday, March 4th.

Heidrick & Struggles International Price Performance

Heidrick & Struggles International stock opened at $29.42 on Tuesday. The company has a market cap of $594.58 million, a PE ratio of 11.10, a P/E/G ratio of 0.77 and a beta of 0.88. The company has a fifty day moving average price of $31.62 and a two-hundred day moving average price of $29.21. Heidrick & Struggles International has a 12 month low of $22.52 and a 12 month 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 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.03. The firm had revenue of $253.16 million during the quarter, compared to the consensus estimate of $248.17 million. Heidrick & Struggles International had a net margin of 5.23% and a return on equity of 13.81%. Equities research analysts anticipate that Heidrick & Struggles International will post 2.41 earnings per share for the current 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. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date was Thursday, March 7th. Heidrick & Struggles International’s dividend payout ratio is currently 22.64%.

Institutional Investors Weigh In On Heidrick & Struggles International

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Illinois Municipal Retirement Fund raised its stake in shares of Heidrick & Struggles International by 4.9% during the first quarter. Illinois Municipal Retirement Fund now owns 12,218 shares of the business services provider’s stock valued at $411,000 after purchasing an additional 571 shares in the last quarter. LSV Asset Management raised its stake in shares of Heidrick & Struggles International by 2.7% during the first quarter. LSV Asset Management now owns 309,558 shares of the business services provider’s stock valued at $10,420,000 after purchasing an additional 8,191 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of Heidrick & Struggles International by 15.8% during the first quarter. BNP Paribas Financial Markets now owns 44,753 shares of the business services provider’s stock valued at $1,506,000 after purchasing an additional 6,110 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Heidrick & Struggles International by 1,382.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 3,824 shares of the business services provider’s stock valued at $129,000 after purchasing an additional 3,566 shares in the last quarter. Finally, Keene & Associates Inc. raised its position in Heidrick & Struggles International by 11.3% in the first quarter. Keene & Associates Inc. now owns 9,130 shares of the business services provider’s stock worth $307,000 after acquiring an additional 925 shares in the last quarter. 90.13% of the stock is currently owned by institutional investors.

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.