Heidrick & Struggles International, Inc. (NASDAQ:HSII - Get Free Report)'s share price hit a new 52-week high on Tuesday after the company announced better than expected quarterly earnings. The company traded as high as $43.01 and last traded at $42.97, with a volume of 29594 shares trading hands. The stock had previously closed at $39.93.
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 return on equity of 12.66% and a net margin of 3.59%. The firm had revenue of $282.82 million during the quarter, compared to analyst estimates of $267.65 million. During the same period last year, the business posted $0.73 earnings per share.
Heidrick & Struggles International Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 14th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.41%. Heidrick & Struggles International's payout ratio is currently 32.09%.
Analyst Ratings Changes
A number of analysts have issued reports on HSII shares. StockNews.com downgraded Heidrick & Struggles International from a "buy" rating to a "hold" rating in a report on Tuesday, July 30th. Barrington Research restated an "outperform" rating and set a $44.00 target price on shares of Heidrick & Struggles International in a research note on Friday, September 20th. Finally, Truist Financial reiterated a "hold" rating and issued a $40.00 price target (up from $33.00) on shares of Heidrick & Struggles International in a research note on Tuesday.
Read Our Latest Research Report on HSII
Institutional Trading of Heidrick & Struggles International
Several institutional investors and hedge funds have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its stake in Heidrick & Struggles International by 1,382.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 3,824 shares of the business services provider's stock valued at $129,000 after buying an additional 3,566 shares during the last quarter. BNP Paribas Financial Markets grew its position in Heidrick & Struggles International by 15.8% during the 1st quarter. BNP Paribas Financial Markets now owns 44,753 shares of the business services provider's stock worth $1,506,000 after purchasing an additional 6,110 shares during the last quarter. LSV Asset Management increased its stake in Heidrick & Struggles International by 2.7% in the first quarter. LSV Asset Management now owns 309,558 shares of the business services provider's stock valued at $10,420,000 after purchasing an additional 8,191 shares during the period. Illinois Municipal Retirement Fund raised its holdings in shares of Heidrick & Struggles International by 4.9% in the first quarter. Illinois Municipal Retirement Fund now owns 12,218 shares of the business services provider's stock valued at $411,000 after buying an additional 571 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of Heidrick & Struggles International by 158.6% during the first quarter. Russell Investments Group Ltd. now owns 115,663 shares of the business services provider's stock worth $3,893,000 after buying an additional 70,940 shares during the period. 90.13% of the stock is owned by hedge funds and other institutional investors.
Heidrick & Struggles International Stock Up 6.2 %
The stock has a market cap of $861.97 million, a PE ratio of 22.98, a price-to-earnings-growth ratio of 0.94 and a beta of 0.85. The stock has a fifty day moving average of $37.94 and a 200-day moving average of $35.39.
About Heidrick & Struggles International
(
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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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