Wellington Management Group LLP Has $16.78 Million Holdings in Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Wellington Management Group LLP raised its stake in Heidrick & Struggles International, Inc. (NASDAQ:HSII - Free Report) by 3.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 431,856 shares of the business services provider's stock after buying an additional 12,640 shares during the period. Wellington Management Group LLP owned approximately 2.12% of Heidrick & Struggles International worth $16,782,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of HSII. Innealta Capital LLC acquired a new stake in shares of Heidrick & Struggles International during the 2nd quarter valued at $29,000. Quest Partners LLC acquired a new position in shares of Heidrick & Struggles International in the third quarter valued at $30,000. Gladius Capital Management LP acquired a new stake in Heidrick & Struggles International during the third quarter valued at approximately $31,000. Quantbot Technologies LP acquired a new stake in shares of Heidrick & Struggles International during the 3rd quarter worth about $33,000. Finally, Quarry LP bought a new position in Heidrick & Struggles International in the 2nd quarter valued at $44,000. 90.13% of the stock is owned by hedge funds and other institutional investors.

Heidrick & Struggles International Stock Performance

HSII traded down $0.07 on Friday, hitting $45.45. 102,033 shares of the company were exchanged, compared to its average volume of 151,373. The stock's fifty day moving average is $42.82 and its 200-day moving average is $38.12. The company has a market cap of $927.59 million, a PE ratio of 24.57, a PEG ratio of 1.07 and a beta of 0.88. Heidrick & Struggles International, Inc. has a 12 month low of $26.52 and a 12 month high of $49.02.

Heidrick & Struggles International (NASDAQ:HSII - Get Free Report) last issued its earnings results on Monday, November 4th. The business services provider reported $0.72 earnings per share for the quarter, topping analysts' consensus estimates of $0.68 by $0.04. The business had revenue of $282.82 million for the quarter, compared to the consensus estimate of $267.65 million. Heidrick & Struggles International had a net margin of 3.53% and a return on equity of 12.38%. During the same period in the previous year, the company earned $0.73 earnings per share. As a group, equities research analysts expect that Heidrick & Struggles International, Inc. will post 2.68 EPS for the current fiscal year.

Heidrick & Struggles International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend was Thursday, November 14th. Heidrick & Struggles International's payout ratio is currently 32.43%.

Analyst Ratings Changes

A number of brokerages have commented on HSII. StockNews.com upgraded Heidrick & Struggles International from a "hold" rating to a "buy" rating in a research report on Wednesday, November 6th. Barrington Research lifted their target price on Heidrick & Struggles International from $44.00 to $50.00 and gave the stock an "outperform" rating in a report on Monday, December 2nd. Finally, Truist Financial reissued a "hold" rating and set a $42.00 price objective (up previously from $40.00) on shares of Heidrick & Struggles International in a research report on Wednesday, December 4th.

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.