Victory Capital Management Inc. Increases Position in Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Victory Capital Management Inc. lifted its holdings in shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII) by 218.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,159 shares of the business services provider’s stock after buying an additional 12,454 shares during the period. Victory Capital Management Inc. owned approximately 0.09% of Heidrick & Struggles International worth $706,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Innealta Capital LLC acquired a new stake in Heidrick & Struggles International during the 2nd quarter worth approximately $29,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Heidrick & Struggles International during the first quarter worth $32,000. Quarry LP purchased a new position in Heidrick & Struggles International in the 2nd quarter valued at $44,000. Meeder Asset Management Inc. purchased a new position in Heidrick & Struggles International in the 2nd quarter valued at $58,000. Finally, SG Americas Securities LLC acquired a new position in Heidrick & Struggles International in the 2nd quarter valued at $198,000. Hedge funds and other institutional investors own 90.13% of the company’s stock.

Heidrick & Struggles International Stock Down 1.3 %

NASDAQ:HSII opened at $46.13 on Friday. The firm’s fifty day simple moving average is $40.93 and its 200-day simple moving average is $37.21. The stock has a market cap of $941.47 million, a PE ratio of 24.94, a price-to-earnings-growth ratio of 1.10 and a beta of 0.85. Heidrick & Struggles International, Inc. has a fifty-two week low of $26.52 and a fifty-two week high of $49.02.

Heidrick & Struggles International (NASDAQ:HSII) last issued its earnings results on Monday, November 4th. The business services provider reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.04. Heidrick & Struggles International had a net margin of 3.53% and a return on equity of 12.38%. The company had revenue of $282.82 million for the quarter, compared to analyst estimates of $267.65 million. During the same period in the prior year, the business posted $0.73 earnings per share. Equities analysts anticipate that Heidrick & Struggles International, Inc. will post 2.67 earnings per share for the current year.

Heidrick & Struggles International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were issued a dividend of $0.15 per share. The ex-dividend date was Thursday, November 14th. This represents a $0.60 annualized dividend and a yield of 1.30%. Heidrick & Struggles International’s dividend payout ratio is presently 32.43%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on HSII shares. StockNews.com raised shares of Heidrick & Struggles International from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Barrington Research restated an “outperform” rating and issued a $44.00 price objective on shares of Heidrick & Struggles International in a research report on Friday, September 20th. Finally, Truist Financial reiterated a “hold” rating and set a $40.00 target price (up previously from $33.00) on shares of Heidrick & Struggles International in a research report on Tuesday, November 5th.

Heidrick & Struggles International 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.