Squarepoint Ops LLC Acquires Shares of 15,500 Heidrick & Struggles International, Inc. $HSII

Squarepoint Ops LLC bought a new stake in Heidrick & Struggles International, Inc. (NASDAQ:HSII) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 15,500 shares of the business services provider’s stock, valued at approximately $709,000. Squarepoint Ops LLC owned 0.07% of Heidrick & Struggles International at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its position in Heidrick & Struggles International by 1,553.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 678 shares of the business services provider’s stock worth $31,000 after purchasing an additional 637 shares during the period. CWM LLC grew its stake in shares of 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 buying 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 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. Raymond James Financial Inc. bought a new stake in shares of Heidrick & Struggles International during the 2nd quarter worth approximately $46,000. Finally, Atlantic Union Bankshares Corp purchased a new position in Heidrick & Struggles International during the 2nd quarter valued at $101,000. 90.13% of the stock is owned by hedge funds and other institutional investors.

Heidrick & Struggles International Stock Performance

Shares of HSII stock opened at $59.01 on Wednesday. Heidrick & Struggles International, Inc. has a fifty-two week low of $36.87 and a fifty-two week high of $59.05. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 34.51, a PEG ratio of 1.13 and a beta of 1.08. The stock’s 50-day simple moving average is $58.72 and its 200-day simple moving average is $51.93.

Heidrick & Struggles International (NASDAQ:HSII) last released 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. 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 3.04% and a return on equity of 15.18%. As a group, equities analysts forecast that Heidrick & Struggles International, Inc. will post 2.68 earnings per share for the current year.

Heidrick & Struggles International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Thursday, November 13th were given 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 dividend payout ratio is presently 35.09%.

Analyst Ratings Changes

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

About Heidrick & Struggles International

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.