Summit Global Investments Invests $631,000 in Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Summit Global Investments acquired a new position in shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 16,230 shares of the business services provider's stock, valued at approximately $631,000. Summit Global Investments owned approximately 0.08% of Heidrick & Struggles International at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Principal Financial Group Inc. raised its holdings in shares of Heidrick & Struggles International by 8.6% during the 3rd quarter. Principal Financial Group Inc. now owns 108,485 shares of the business services provider's stock valued at $4,216,000 after buying an additional 8,617 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in shares of Heidrick & Struggles International by 55.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 118,414 shares of the business services provider's stock valued at $4,602,000 after purchasing an additional 42,195 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of Heidrick & Struggles International by 29.5% during the third quarter. Assenagon Asset Management S.A. now owns 73,432 shares of the business services provider's stock worth $2,854,000 after purchasing an additional 16,748 shares in the last quarter. Everence Capital Management Inc. purchased a new position in shares of Heidrick & Struggles International in the third quarter valued at $245,000. Finally, Creative Planning acquired a new stake in Heidrick & Struggles International during the 3rd quarter valued at $318,000. Hedge funds and other institutional investors own 90.13% of the company's stock.

Wall Street Analyst Weigh In

HSII has been the topic of a number of recent analyst reports. Truist Financial reiterated a "hold" rating and issued a $40.00 price objective (up previously from $33.00) on shares of Heidrick & Struggles International in a report on Tuesday, November 5th. Barrington Research reissued an "outperform" rating and issued a $44.00 price target on shares of Heidrick & Struggles International in a report on Friday, September 20th. Finally, StockNews.com upgraded Heidrick & Struggles International from a "hold" rating to a "buy" rating in a report on Wednesday.

Heidrick & Struggles International Stock Up 2.6 %

HSII stock traded up $1.19 during mid-day trading on Friday, reaching $47.53. The company had a trading volume of 209,567 shares, compared to its average volume of 122,321. Heidrick & Struggles International, Inc. has a one year low of $25.32 and a one year high of $47.81. The stock has a market capitalization of $970.04 million, a P/E ratio of 25.69, a P/E/G ratio of 1.14 and a beta of 0.85. The stock's 50-day simple moving average is $38.55 and its two-hundred day simple moving average is $35.78.

Heidrick & Struggles International (NASDAQ:HSII - Get Free Report) last posted its earnings results on Monday, November 4th. The business services provider reported $0.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.04. Heidrick & Struggles International had a net margin of 3.53% and a return on equity of 12.38%. The firm had revenue of $282.82 million during the quarter, compared to analyst estimates of $267.65 million. During the same period in the previous year, the business posted $0.73 EPS. On average, research analysts forecast that Heidrick & Struggles International, Inc. will post 2.61 EPS for the current fiscal year.

Heidrick & Struggles International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend is Thursday, November 14th. Heidrick & Struggles International's payout ratio is currently 32.43%.

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.