Heidrick & Struggles International (NASDAQ:HSII) Shares Up 6.9% on Analyst Upgrade

Heidrick & Struggles International, Inc. (NASDAQ:HSII)’s share price rose 6.9% on Wednesday after Truist Financial raised their price target on the stock from $30.00 to $33.00. Truist Financial currently has a hold rating on the stock. Heidrick & Struggles International traded as high as $31.50 and last traded at $31.46. Approximately 187,391 shares traded hands during trading, an increase of 40% from the average daily volume of 133,772 shares. The stock had previously closed at $29.42.

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

Institutional Trading of Heidrick & Struggles International

Hedge funds have recently added to or reduced their stakes in the business. Inspire Investing LLC bought a new position in shares of Heidrick & Struggles International during the 3rd quarter worth about $617,000. Teacher Retirement System of Texas raised its position in Heidrick & Struggles International by 3.8% in the third quarter. Teacher Retirement System of Texas now owns 15,044 shares of the business services provider’s stock worth $376,000 after purchasing an additional 548 shares in the last quarter. LSV Asset Management lifted its stake in Heidrick & Struggles International by 4.0% during the third quarter. LSV Asset Management now owns 305,767 shares of the business services provider’s stock worth $7,650,000 after purchasing an additional 11,838 shares during the period. Assenagon Asset Management S.A. boosted its holdings in Heidrick & Struggles International by 77.4% during the third quarter. Assenagon Asset Management S.A. now owns 297,188 shares of the business services provider’s stock valued at $7,436,000 after purchasing an additional 129,644 shares in the last quarter. Finally, Illinois Municipal Retirement Fund bought a new stake in shares of Heidrick & Struggles International in the 3rd quarter valued at approximately $308,000. Institutional investors own 90.13% of the company’s stock.

Heidrick & Struggles International Trading Up 8.1 %

The stock has a fifty day moving average price of $31.58 and a 200-day moving average price of $29.23. The firm has a market capitalization of $642.68 million, a price-to-earnings ratio of 12.00, a PEG ratio of 0.77 and a beta of 0.88.

Heidrick & Struggles International (NASDAQ:HSII) last posted its earnings results 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 net margin of 5.23% and a return on equity of 13.81%. The company had revenue of $253.16 million during the quarter, compared to analysts’ expectations of $248.17 million. On average, equities analysts expect that Heidrick & Struggles International, Inc. will post 2.41 EPS for the current year.

Heidrick & Struggles International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Thursday, May 16th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.89%. Heidrick & Struggles International’s dividend payout ratio is 22.64%.

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.