Heidrick & Struggles International (NASDAQ:HSII) Shares Cross Above 200 Day Moving Average – Time to Sell?

Shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $53.02 and traded as high as $59.02. Heidrick & Struggles International shares last traded at $59.01, with a volume of 1,220,400 shares trading hands.

Analysts Set New Price Targets

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

Heidrick & Struggles International Stock Performance

The firm’s 50 day moving average price is $58.86 and its two-hundred day moving average price is $53.02. The company has a market cap of $1.23 billion, a P/E ratio of 34.51, a price-to-earnings-growth ratio of 1.13 and a beta of 1.08.

Heidrick & Struggles International (NASDAQ:HSII) last posted its quarterly 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 business 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, analysts forecast that Heidrick & Struggles International, Inc. will post 2.68 EPS for the current fiscal year.

Heidrick & Struggles International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Thursday, November 13th were given a $0.15 dividend. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $0.60 annualized dividend and a yield of 1.0%. Heidrick & Struggles International’s dividend payout ratio (DPR) is presently 35.09%.

Hedge Funds Weigh In On Heidrick & Struggles International

A number of hedge funds have recently added to or reduced their stakes in the stock. Compagnie Lombard Odier SCmA bought a new position in Heidrick & Struggles International during the 3rd quarter valued at $25,000. EverSource Wealth Advisors LLC raised its holdings in shares of 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 purchasing an additional 637 shares during the last quarter. CWM LLC raised its holdings in shares of Heidrick & Struggles International by 375.2% in 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 during the last quarter. Quarry LP bought a new position in shares of Heidrick & Struggles International during the third quarter valued at about $40,000. Finally, Nisa Investment Advisors LLC boosted its holdings in Heidrick & Struggles International by 38.9% during the second quarter. Nisa Investment Advisors LLC now owns 846 shares of the business services provider’s stock worth $39,000 after purchasing an additional 237 shares during the last quarter. Institutional investors and hedge funds own 90.13% of the company’s stock.

Heidrick & Struggles International Company 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.