Truist Financial Increases Heidrick & Struggles International (NASDAQ:HSII) Price Target to $44.00

Heidrick & Struggles International (NASDAQ:HSII - Free Report) had its target price raised by Truist Financial from $42.00 to $44.00 in a report issued on Tuesday morning,Benzinga reports. The brokerage currently has a hold rating on the business services provider's stock.

Separately, Barrington Research boosted their price target on shares of Heidrick & Struggles International from $50.00 to $52.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 5th.

Heidrick & Struggles International Price Performance

NASDAQ HSII traded down $0.85 during trading hours on Tuesday, reaching $37.96. 120,600 shares of the stock traded hands, compared to its average volume of 155,144. The stock has a 50 day simple moving average of $42.35 and a two-hundred day simple moving average of $43.23. Heidrick & Struggles International has a 1 year low of $29.03 and a 1 year high of $49.02. The company has a market cap of $782.93 million, a price-to-earnings ratio of 20.52, a price-to-earnings-growth ratio of 0.91 and a beta of 0.86.

Heidrick & Struggles International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date was Thursday, March 13th. Heidrick & Struggles International's payout ratio is 150.00%.

Insider Activity

In other Heidrick & Struggles International news, CEO Thomas L. Monahan bought 5,000 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The shares were bought at an average cost of $45.55 per share, with a total value of $227,750.00. Following the completion of the purchase, the chief executive officer now directly owns 144,834 shares of the company's stock, valued at $6,597,188.70. This trade represents a 3.58 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.30% of the company's stock.

Institutional Investors Weigh In On Heidrick & Struggles International

Institutional investors and hedge funds have recently bought and sold shares of the business. SummerHaven Investment Management LLC raised its stake in Heidrick & Struggles International by 1.2% in the first quarter. SummerHaven Investment Management LLC now owns 25,216 shares of the business services provider's stock worth $1,080,000 after buying an additional 310 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Heidrick & Struggles International by 3.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,445 shares of the business services provider's stock worth $507,000 after acquiring an additional 365 shares in the last quarter. BNP Paribas Financial Markets lifted its position in Heidrick & Struggles International by 1.2% during the 4th quarter. BNP Paribas Financial Markets now owns 34,570 shares of the business services provider's stock valued at $1,532,000 after acquiring an additional 400 shares during the period. Exchange Traded Concepts LLC boosted its stake in Heidrick & Struggles International by 1.7% during the first quarter. Exchange Traded Concepts LLC now owns 28,545 shares of the business services provider's stock worth $1,223,000 after acquiring an additional 478 shares in the last quarter. Finally, Swiss National Bank grew its holdings in Heidrick & Struggles International by 1.3% in the fourth quarter. Swiss National Bank now owns 40,000 shares of the business services provider's stock worth $1,772,000 after purchasing an additional 500 shares during the period. Hedge funds and other institutional investors own 90.13% of the company's stock.

About Heidrick & Struggles International

Heidrick & Struggles International, Inc engages in provision of leadership consulting, culture shaping and senior-level executive search services. It offers its clients build leadership teams through facilitating the recruitment, management and deployment of senior executives. It operates under the following segments: Americas, Europe, Asia Pacific, Heidrick Consulting, and On Demand Talent Business.