Maryland State Retirement & Pension System Lowers Holdings in Heidrick & Struggles International, Inc. $HSII

Maryland State Retirement & Pension System trimmed its holdings in Heidrick & Struggles International, Inc. (NASDAQ:HSII) by 13.2% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 5,954 shares of the business services provider’s stock after selling 907 shares during the period. Maryland State Retirement & Pension System’s holdings in Heidrick & Struggles International were worth $255,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in HSII. Bailard Inc. purchased a new position in Heidrick & Struggles International in the first quarter worth approximately $214,000. Gallacher Capital Management LLC purchased a new position in Heidrick & Struggles International in the first quarter worth approximately $231,000. ProShare Advisors LLC purchased a new position in Heidrick & Struggles International in the fourth quarter worth approximately $269,000. Hohimer Wealth Management LLC grew its position in Heidrick & Struggles International by 5.4% in the first quarter. Hohimer Wealth Management LLC now owns 6,922 shares of the business services provider’s stock worth $296,000 after acquiring an additional 353 shares during the period. Finally, Banque Cantonale Vaudoise purchased a new position in Heidrick & Struggles International in the first quarter worth approximately $304,000. 90.13% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Wall Street Zen upgraded Heidrick & Struggles International from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 9th. Truist Financial raised their price target on Heidrick & Struggles International from $44.00 to $46.00 and gave the stock a “hold” rating in a research report on Friday, June 20th. Finally, Barrington Research restated an “outperform” rating and set a $52.00 price target on shares of Heidrick & Struggles International in a research report on Friday, June 13th.

Heidrick & Struggles International Stock Up 2.1%

HSII opened at $48.65 on Tuesday. Heidrick & Struggles International, Inc. has a 52 week low of $35.54 and a 52 week high of $51.24. The business has a fifty day simple moving average of $45.77 and a 200-day simple moving average of $43.55. The firm has a market cap of $1.01 billion, a P/E ratio of 30.60, a P/E/G ratio of 0.96 and a beta of 1.06.

Heidrick & Struggles International (NASDAQ:HSII) last released its quarterly earnings results on Monday, August 4th. The business services provider reported $0.85 EPS for the quarter, topping the consensus estimate of $0.74 by $0.11. Heidrick & Struggles International had a return on equity of 14.85% and a net margin of 2.92%. The business had revenue of $317.25 million during the quarter, compared to analyst estimates of $292.94 million. Sell-side analysts expect that Heidrick & Struggles International, Inc. will post 2.68 earnings per share for the current year.

Heidrick & Struggles International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Thursday, August 14th. Heidrick & Struggles International’s dividend payout ratio (DPR) is presently 37.74%.

Heidrick & Struggles International Profile

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.