Heidrick & Struggles International (NASDAQ:HSII) Shares Up 6.9% Following Analyst Upgrade

Heidrick & Struggles International, Inc. (NASDAQ:HSII) traded up 6.9% during trading on Wednesday after Truist Financial raised their price target on the stock from $30.00 to $33.00. Truist Financial currently has a hold rating on the stock. Heidrick & Struggles International traded as high as $31.50 and last traded at $31.46. 187,391 shares traded hands during mid-day trading, an increase of 40% from the average session volume of 133,772 shares. The stock had previously closed at $29.42.

HSII has been the topic of several other reports. StockNews.com raised shares of Heidrick & Struggles International from a “hold” rating to a “buy” rating in a research report on Tuesday, March 12th. Barrington Research reissued an “outperform” rating and issued a $40.00 target price on shares of Heidrick & Struggles International in a report on Monday, March 4th. Finally, TheStreet upgraded Heidrick & Struggles International from a “c+” rating to a “b-” rating in a report on Monday, February 12th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of HSII. Teacher Retirement System of Texas lifted its holdings in Heidrick & Struggles International by 3.8% in the 3rd quarter. Teacher Retirement System of Texas now owns 15,044 shares of the business services provider’s stock valued at $376,000 after purchasing an additional 548 shares in the last quarter. Illinois Municipal Retirement Fund increased its position in shares of Heidrick & Struggles International by 4.9% during the first quarter. Illinois Municipal Retirement Fund now owns 12,218 shares of the business services provider’s stock valued at $411,000 after acquiring an additional 571 shares during the last quarter. Keene & Associates Inc. lifted its stake in Heidrick & Struggles International by 11.3% during the first quarter. Keene & Associates Inc. now owns 9,130 shares of the business services provider’s stock worth $307,000 after purchasing an additional 925 shares in the last quarter. AJOVista LLC purchased a new position in Heidrick & Struggles International during the 4th quarter valued at about $51,000. Finally, Jacobs Levy Equity Management Inc. boosted its position in Heidrick & Struggles International by 1.0% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 182,919 shares of the business services provider’s stock valued at $4,577,000 after buying an additional 1,791 shares during the period. 90.13% of the stock is currently owned by hedge funds and other institutional investors.

Heidrick & Struggles International Stock Performance

The company has a 50 day moving average of $31.62 and a 200 day moving average of $29.21. The stock has a market capitalization of $642.68 million, a price-to-earnings ratio of 11.10, a PEG ratio of 0.77 and a beta of 0.88.

Heidrick & Struggles International (NASDAQ:HSII) last announced its earnings results on Monday, February 26th. The business services provider reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.03. The business had revenue of $253.16 million for the quarter, compared to analyst estimates of $248.17 million. Heidrick & Struggles International had a net margin of 5.23% and a return on equity of 13.81%. As a group, research analysts expect that Heidrick & Struggles International, Inc. will post 2.41 EPS for the current fiscal year.

Heidrick & Struggles International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Thursday, May 16th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date is Wednesday, May 15th. Heidrick & Struggles International’s dividend payout ratio (DPR) is presently 22.64%.

About Heidrick & Struggles International

Heidrick & Struggles International, Inc, together with its subsidiaries, provides executive search, consulting, and on-demand talent services to businesses and business leaders worldwide. It enables its clients to build leadership teams by facilitating the recruitment, management, and development of senior executives.