Martingale Asset Management L P increased its stake in Heidrick & Struggles International, Inc. (NASDAQ:HSII - Free Report) by 90.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,745 shares of the business services provider's stock after purchasing an additional 26,529 shares during the quarter. Martingale Asset Management L P owned approximately 0.27% of Heidrick & Struggles International worth $2,166,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently bought and sold shares of HSII. Quest Partners LLC acquired a new position in Heidrick & Struggles International in the 3rd quarter worth approximately $30,000. Gladius Capital Management LP purchased a new position in shares of Heidrick & Struggles International during the third quarter valued at $31,000. Quantbot Technologies LP purchased a new position in shares of Heidrick & Struggles International during the third quarter valued at $33,000. Innealta Capital LLC acquired a new position in shares of Heidrick & Struggles International in the 2nd quarter valued at about $29,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of Heidrick & Struggles International during the first quarter worth approximately $32,000. Institutional investors and hedge funds own 90.13% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on HSII. Barrington Research reaffirmed an "outperform" rating and issued a $44.00 price target 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 research report on Wednesday, November 6th. Finally, Truist Financial reissued a "hold" rating and issued a $40.00 target price (up from $33.00) on shares of Heidrick & Struggles International in a research report on Tuesday, November 5th.
Read Our Latest Analysis on HSII
Heidrick & Struggles International Stock Performance
Shares of HSII traded up $0.01 during trading hours on Friday, hitting $46.14. 83,603 shares of the company were exchanged, compared to its average volume of 141,983. The firm's 50 day moving average is $41.24 and its 200-day moving average is $37.38. Heidrick & Struggles International, Inc. has a 52 week low of $26.52 and a 52 week high of $49.02. The company has a market cap of $941.72 million, a PE ratio of 24.94, a PEG ratio of 1.08 and a beta of 0.85.
Heidrick & Struggles International (NASDAQ:HSII - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The business services provider reported $0.72 EPS for the quarter, beating the consensus estimate of $0.68 by $0.04. Heidrick & Struggles International had a return on equity of 12.38% and a net margin of 3.53%. The company had revenue of $282.82 million for the quarter, compared to the consensus estimate of $267.65 million. During the same quarter last year, the company posted $0.73 earnings per share. As a group, equities analysts forecast that Heidrick & Struggles International, Inc. will post 2.68 earnings per share for the current fiscal year.
Heidrick & Struggles International Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date was Thursday, November 14th. Heidrick & Struggles International's dividend payout ratio is 32.43%.
Heidrick & Struggles International Company Profile
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Free Report)
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.
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