Heidrick & Struggles International (NASDAQ:HSII) Hits New 1-Year High on Earnings Beat

Shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII) reached a new 52-week high on Tuesday following a better than expected earnings announcement. The company traded as high as $51.24 and last traded at $47.43, with a volume of 7876 shares trading hands. The stock had previously closed at $43.52.

The business services provider reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.11. The company had revenue of $317.25 million during the quarter, compared to the consensus estimate of $292.94 million. Heidrick & Struggles International had a net margin of 2.92% and a return on equity of 15.05%.

Heidrick & Struggles International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Thursday, August 14th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.3%. Heidrick & Struggles International’s dividend payout ratio is currently 171.43%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Truist Financial upped their target price on shares of Heidrick & Struggles International from $44.00 to $46.00 and gave the stock a “hold” rating in a report on Friday, June 20th. Barrington Research reiterated an “outperform” rating and issued a $52.00 price target on shares of Heidrick & Struggles International in a research note on Friday, June 13th.

Institutional Trading of Heidrick & Struggles International

Several hedge funds have recently bought and sold shares of the stock. Nisa Investment Advisors LLC raised its position in shares of Heidrick & Struggles International by 38.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 846 shares of the business services provider’s stock valued at $39,000 after buying an additional 237 shares in the last quarter. SummerHaven Investment Management LLC raised its position in shares of Heidrick & Struggles International by 1.2% during the 1st quarter. SummerHaven Investment Management LLC now owns 25,216 shares of the business services provider’s stock valued at $1,080,000 after buying an additional 310 shares in the last quarter. Martingale Asset Management L P raised its position in shares of Heidrick & Struggles International by 0.6% during the 1st quarter. Martingale Asset Management L P now owns 57,478 shares of the business services provider’s stock valued at $2,462,000 after buying an additional 330 shares in the last quarter. Hohimer Wealth Management LLC raised its position in shares of Heidrick & Struggles International by 5.4% during the 1st quarter. Hohimer Wealth Management LLC now owns 6,922 shares of the business services provider’s stock valued at $296,000 after buying an additional 353 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Heidrick & Struggles International by 3.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,445 shares of the business services provider’s stock valued at $507,000 after buying an additional 365 shares in the last quarter. Hedge funds and other institutional investors own 90.13% of the company’s stock.

Heidrick & Struggles International Trading Up 4.9%

The firm’s 50-day moving average price is $45.16 and its 200-day moving average price is $43.52. The stock has a market capitalization of $941.51 million, a PE ratio of 28.72, a PEG ratio of 0.95 and a beta of 1.06.

About Heidrick & Struggles International

Heidrick & Struggles International, Inc engages in provision of leadership consulting, culture shaping and senior-level executive search services. It offers its clients build leadership teams through facilitating the recruitment, management and deployment of senior executives. It operates under the following segments: Americas, Europe, Asia Pacific, Heidrick Consulting, and On Demand Talent Business.