Heidrick & Struggles International, Inc. (NASDAQ:HSII) Shares Acquired by Empowered Funds LLC

Empowered Funds LLC increased its holdings in Heidrick & Struggles International, Inc. (NASDAQ:HSII - Free Report) by 43.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 185,273 shares of the business services provider's stock after acquiring an additional 56,047 shares during the quarter. Empowered Funds LLC owned approximately 0.91% of Heidrick & Struggles International worth $7,200,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in HSII. Russell Investments Group Ltd. raised its position in shares of Heidrick & Struggles International by 158.6% in the 1st quarter. Russell Investments Group Ltd. now owns 115,663 shares of the business services provider's stock worth $3,893,000 after acquiring an additional 70,940 shares in the last quarter. American Century Companies Inc. grew its stake in Heidrick & Struggles International by 43.8% in the second quarter. American Century Companies Inc. now owns 46,621 shares of the business services provider's stock valued at $1,472,000 after purchasing an additional 14,209 shares during the last quarter. Innealta Capital LLC bought a new position in Heidrick & Struggles International in the second quarter worth about $29,000. SG Americas Securities LLC lifted its position in shares of Heidrick & Struggles International by 82.1% during the third quarter. SG Americas Securities LLC now owns 11,414 shares of the business services provider's stock valued at $444,000 after buying an additional 5,145 shares during the last quarter. Finally, Algert Global LLC boosted its holdings in shares of Heidrick & Struggles International by 13.0% in the 2nd quarter. Algert Global LLC now owns 54,100 shares of the business services provider's stock valued at $1,708,000 after buying an additional 6,227 shares in the last quarter. Hedge funds and other institutional investors own 90.13% of the company's stock.

Heidrick & Struggles International Stock Down 3.4 %

Shares of Heidrick & Struggles International stock traded down $1.59 during midday trading on Friday, hitting $44.78. The company had a trading volume of 119,374 shares, compared to its average volume of 146,730. The company has a fifty day simple moving average of $39.51 and a 200 day simple moving average of $36.41. The stock has a market cap of $913.96 million, a price-to-earnings ratio of 24.21, a PEG ratio of 1.05 and a beta of 0.85. Heidrick & Struggles International, Inc. has a 12-month low of $26.52 and a 12-month high of $49.02.

Heidrick & Struggles International (NASDAQ:HSII - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The business services provider reported $0.72 earnings per share (EPS) for the quarter, topping 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 business had revenue of $282.82 million during the quarter, compared to analysts' expectations of $267.65 million. During the same quarter last year, the company posted $0.73 earnings per share. As a group, analysts expect that Heidrick & Struggles International, Inc. will post 2.67 EPS for the current year.

Heidrick & Struggles International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.60 dividend on an annualized basis and a yield of 1.34%. Heidrick & Struggles International's dividend payout ratio is currently 32.43%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Barrington Research reiterated an "outperform" rating and set a $44.00 price objective on shares of Heidrick & Struggles International in a research note on Friday, September 20th. StockNews.com raised shares of Heidrick & Struggles International from a "hold" rating to a "buy" rating in a report on Wednesday, November 6th. Finally, Truist Financial reiterated a "hold" rating and set a $40.00 price objective (up previously from $33.00) on shares of Heidrick & Struggles International in a report on Tuesday, November 5th.

Heidrick & Struggles International Profile

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.