Heidrick & Struggles International (NASDAQ:HSII) Receives Hold Rating from Truist Financial

Truist Financial restated their hold rating on shares of Heidrick & Struggles International (NASDAQ:HSII - Free Report) in a research report released on Tuesday morning, Benzinga reports. The firm currently has a $40.00 target price on the business services provider's stock, up from their prior target price of $33.00.

Several other research analysts have also commented on the stock. StockNews.com lowered shares of Heidrick & Struggles International from a "buy" rating to a "hold" rating in a research note on Tuesday, July 30th. Barrington Research reaffirmed an "outperform" rating and set a $44.00 price objective on shares of Heidrick & Struggles International in a research report on Friday, September 20th.

Heidrick & Struggles International Stock Up 5.9 %

NASDAQ:HSII traded up $2.35 during trading hours on Tuesday, reaching $42.28. 243,480 shares of the stock were exchanged, compared to its average volume of 151,512. Heidrick & Struggles International has a twelve month low of $24.90 and a twelve month high of $43.23. The business has a 50-day moving average of $37.94 and a two-hundred day moving average of $35.39. The company has a market capitalization of $859.13 million, a price-to-earnings ratio of 22.98, a PEG ratio of 0.94 and a beta of 0.85.

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 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $267.65 million. During the same quarter in the previous year, the business earned $0.73 EPS. On average, research analysts forecast that Heidrick & Struggles International will post 2.62 EPS for the current fiscal year.

Heidrick & Struggles International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 14th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.42%. Heidrick & Struggles International's dividend payout ratio is currently 32.09%.

Institutional Investors Weigh In On Heidrick & Struggles International

Large investors have recently modified their holdings of the company. Victory Capital Management Inc. increased its holdings in Heidrick & Struggles International by 7.5% in the second quarter. Victory Capital Management Inc. now owns 5,705 shares of the business services provider's stock valued at $180,000 after buying an additional 396 shares during the last quarter. Keene & Associates Inc. boosted its position in shares of Heidrick & Struggles International by 4.8% during the 2nd quarter. Keene & Associates Inc. now owns 9,565 shares of the business services provider's stock worth $302,000 after acquiring an additional 435 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Heidrick & Struggles International by 7.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,738 shares of the business services provider's stock valued at $244,000 after acquiring an additional 510 shares during the last quarter. Illinois Municipal Retirement Fund raised its position in shares of Heidrick & Struggles International by 4.9% during the 1st quarter. Illinois Municipal Retirement Fund now owns 12,218 shares of the business services provider's stock worth $411,000 after acquiring an additional 571 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its stake in Heidrick & Struggles International by 7.2% during the first quarter. State Board of Administration of Florida Retirement System now owns 10,418 shares of the business services provider's stock worth $351,000 after purchasing an additional 701 shares during the last quarter. 90.13% of the stock is owned by hedge funds and other institutional investors.

Heidrick & Struggles International Company 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.