Assenagon Asset Management S.A. Makes New Investment in Heidrick & Struggles International, Inc. $HSII

Assenagon Asset Management S.A. purchased a new stake in Heidrick & Struggles International, Inc. (NASDAQ:HSII) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 101,339 shares of the business services provider’s stock, valued at approximately $5,044,000. Assenagon Asset Management S.A. owned approximately 0.49% of Heidrick & Struggles International at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. EverSource Wealth Advisors LLC raised its holdings in Heidrick & Struggles International by 1,553.7% in the second quarter. EverSource Wealth Advisors LLC now owns 678 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 637 shares in the last quarter. CWM LLC increased its position in shares of Heidrick & Struggles International by 375.2% in the 2nd quarter. CWM LLC now owns 784 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 619 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Heidrick & Struggles International by 38.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 846 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 237 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Heidrick & Struggles International during the 2nd quarter worth $46,000. Finally, Atlantic Union Bankshares Corp purchased a new stake in shares of Heidrick & Struggles International during the 2nd quarter worth $101,000. 90.13% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on HSII shares. Barrington Research set a $59.00 target price on Heidrick & Struggles International in a report on Thursday, October 9th. Truist Financial increased their price objective on Heidrick & Struggles International from $48.00 to $59.00 and gave the company a “hold” rating in a report on Monday, October 6th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Heidrick & Struggles International in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $59.00.

Heidrick & Struggles International Price Performance

Shares of HSII opened at $59.01 on Monday. Heidrick & Struggles International, Inc. has a 1-year low of $36.87 and a 1-year high of $59.05. The stock has a market cap of $1.23 billion, a PE ratio of 34.51, a price-to-earnings-growth ratio of 1.13 and a beta of 1.08. The firm has a fifty day moving average price of $58.69 and a 200 day moving average price of $51.72.

Heidrick & Struggles International (NASDAQ:HSII) last posted its earnings results on Monday, November 3rd. The business services provider reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.07. Heidrick & Struggles International had a return on equity of 15.18% and a net margin of 3.04%.The business had revenue of $327.90 million for the quarter, compared to analysts’ expectations of $305.19 million. As a group, equities analysts expect that Heidrick & Struggles International, Inc. will post 2.68 EPS for the current fiscal year.

Heidrick & Struggles International Announces Dividend

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

Heidrick & Struggles International Profile

Heidrick & Struggles International, Inc (NASDAQ: HSII) is a global leadership advisory firm specializing in executive search, culture shaping, and leadership consulting services. Founded in 1953 and headquartered in Chicago, the company serves clients across a diverse range of industries, including technology, financial services, industrial, and consumer markets. With a focus on identifying and placing senior executives and board members, Heidrick & Struggles leverages proprietary research, deep industry expertise, and an extensive network of relationships to help organizations build effective leadership teams.

The firm’s core offerings include executive search, leadership assessment and development, culture transformation, and diversity and inclusion advisory.