Geode Capital Management LLC Acquires 30,347 Shares of Heidrick & Struggles International, Inc. $HSII

Geode Capital Management LLC raised its holdings in shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII) by 5.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 541,396 shares of the business services provider’s stock after acquiring an additional 30,347 shares during the quarter. Geode Capital Management LLC owned approximately 2.61% of Heidrick & Struggles International worth $24,777,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CWM LLC lifted its position in Heidrick & Struggles International by 375.2% during the second quarter. CWM LLC now owns 784 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 619 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Heidrick & Struggles International by 38.9% in the second quarter. Nisa Investment Advisors LLC now owns 846 shares of the business services provider’s stock worth $39,000 after buying an additional 237 shares during the period. Atlantic Union Bankshares Corp purchased a new position in shares of Heidrick & Struggles International during the 2nd quarter valued at about $101,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in shares of Heidrick & Struggles International during the 2nd quarter valued at about $208,000. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Heidrick & Struggles International during the 2nd quarter valued at approximately $247,000. 90.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Truist Financial raised their target price on shares of Heidrick & Struggles International from $48.00 to $59.00 and gave the stock a “hold” rating in a research note on Monday, October 6th. Barrington Research set a $59.00 price objective on shares of Heidrick & Struggles International in a research report on Thursday, October 9th. Wall Street Zen upgraded shares of Heidrick & Struggles International from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 9th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Heidrick & Struggles International in a report on Wednesday, October 8th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $59.00.

Heidrick & Struggles International Stock Performance

HSII stock opened at $58.88 on Friday. The company’s fifty day moving average price is $56.69 and its 200-day moving average price is $49.97. Heidrick & Struggles International, Inc. has a one year low of $36.87 and a one year high of $58.92. The company has a market capitalization of $1.22 billion, a PE ratio of 37.03, a price-to-earnings-growth ratio of 1.15 and a beta of 1.10.

Heidrick & Struggles International (NASDAQ:HSII) last posted its earnings results on Monday, November 3rd. The business services provider reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.07. The company had revenue of $327.90 million during the quarter, compared to analysts’ expectations of $305.19 million. Heidrick & Struggles International had a net margin of 2.92% and a return on equity of 14.85%. On average, research analysts predict that Heidrick & Struggles International, Inc. will post 2.68 EPS for the current fiscal year.

Heidrick & Struggles International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Thursday, November 13th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Thursday, November 13th. Heidrick & Struggles International’s payout ratio is 35.09%.

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.