Jacobs Levy Equity Management Inc. Raises Stake in Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Jacobs Levy Equity Management Inc. lifted its holdings in shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII - Free Report) by 16.0% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 224,777 shares of the business services provider's stock after acquiring an additional 30,998 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 1.10% of Heidrick & Struggles International worth $8,735,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Innealta Capital LLC acquired a new stake in shares of Heidrick & Struggles International during the second quarter worth about $29,000. Quest Partners LLC acquired a new stake in shares of Heidrick & Struggles International during the third quarter worth about $30,000. Gladius Capital Management LP acquired a new stake in shares of Heidrick & Struggles International during the third quarter worth about $31,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Heidrick & Struggles International during the first quarter worth about $32,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Heidrick & Struggles International during the third quarter worth about $33,000. Hedge funds and other institutional investors own 90.13% of the company's stock.

Heidrick & Struggles International Stock Up 0.2 %

Shares of Heidrick & Struggles International stock traded up $0.07 on Friday, reaching $44.91. The company's stock had a trading volume of 161,988 shares, compared to its average volume of 151,630. The company has a market capitalization of $916.61 million, a P/E ratio of 24.24, a PEG ratio of 1.08 and a beta of 0.88. Heidrick & Struggles International, Inc. has a 52-week low of $26.52 and a 52-week high of $49.02. The stock has a 50-day moving average price of $41.91 and a 200-day moving average price of $37.66.

Heidrick & Struggles International (NASDAQ:HSII - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The business services provider reported $0.72 EPS for the quarter, beating analysts' consensus estimates of $0.68 by $0.04. The business had revenue of $282.82 million during the quarter, compared to analysts' expectations of $267.65 million. Heidrick & Struggles International had a return on equity of 12.38% and a net margin of 3.53%. During the same period in the previous year, the business earned $0.73 earnings per share. Sell-side analysts forecast that Heidrick & Struggles International, Inc. will post 2.68 earnings per share for the current fiscal year.

Heidrick & Struggles International Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms recently commented on HSII. Truist Financial reaffirmed a "hold" rating and set a $42.00 target price (up previously from $40.00) on shares of Heidrick & Struggles International in a report on Wednesday. Barrington Research boosted their price target on Heidrick & Struggles International from $44.00 to $50.00 and gave the company an "outperform" rating in a report on Monday. Finally, StockNews.com raised Heidrick & Struggles International from a "hold" rating to a "buy" rating in a report on Wednesday, November 6th.

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.