Inspire Investing LLC Raises Stake in Heidrick & Struggles International, Inc. $HSII

Inspire Investing LLC boosted its position in shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII) by 250.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 29,991 shares of the business services provider’s stock after acquiring an additional 21,421 shares during the period. Inspire Investing LLC’s holdings in Heidrick & Struggles International were worth $1,493,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Corvex Management LP purchased a new stake in shares of Heidrick & Struggles International during the 1st quarter worth $42,935,000. American Century Companies Inc. raised its stake in Heidrick & Struggles International by 27.8% in the second quarter. American Century Companies Inc. now owns 553,135 shares of the business services provider’s stock valued at $25,311,000 after buying an additional 120,404 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in Heidrick & Struggles International during the 3rd quarter worth about $5,044,000. JPMorgan Chase & Co. boosted its position in shares of Heidrick & Struggles International by 47.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 220,223 shares of the business services provider’s stock worth $10,077,000 after acquiring an additional 70,605 shares in the last quarter. Finally, Bridgeway Capital Management LLC boosted its position in shares of Heidrick & Struggles International by 41.9% during the 1st quarter. Bridgeway Capital Management LLC now owns 202,314 shares of the business services provider’s stock worth $8,665,000 after acquiring an additional 59,757 shares in the last quarter. 90.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Heidrick & Struggles International Stock Up 0.1%

NASDAQ:HSII opened at $59.01 on Friday. The company has a market capitalization of $1.23 billion, a PE ratio of 34.51, a P/E/G ratio of 1.13 and a beta of 1.08. Heidrick & Struggles International, Inc. has a 52-week low of $36.87 and a 52-week high of $59.05. The stock’s 50 day moving average price is $58.75 and its 200 day moving average price is $52.03.

Heidrick & Struggles International (NASDAQ:HSII) last posted its quarterly earnings data 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 business had revenue of $327.90 million during the quarter, compared to the consensus estimate of $305.19 million. Heidrick & Struggles International had a return on equity of 15.18% and a net margin of 3.04%. As a group, sell-side analysts anticipate that Heidrick & Struggles International, Inc. will post 2.68 EPS for the current fiscal year.

Heidrick & Struggles International Announces Dividend

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

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.