Louisiana State Employees Retirement System Purchases New Position in Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Louisiana State Employees Retirement System purchased a new stake in shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII – Get Rating) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 9,400 shares of the business services provider’s stock, valued at approximately $244,000.

Several other institutional investors also recently bought and sold shares of the stock. Pacer Advisors Inc. raised its position in Heidrick & Struggles International by 34.6% during the third quarter. Pacer Advisors Inc. now owns 260,647 shares of the business services provider’s stock valued at $6,774,000 after acquiring an additional 66,959 shares in the last quarter. Sawtooth Solutions LLC grew its holdings in Heidrick & Struggles International by 12.2% in the third quarter. Sawtooth Solutions LLC now owns 7,889 shares of the business services provider’s stock valued at $205,000 after purchasing an additional 860 shares during the period. Exchange Traded Concepts LLC grew its holdings in Heidrick & Struggles International by 19.3% in the third quarter. Exchange Traded Concepts LLC now owns 38,060 shares of the business services provider’s stock valued at $989,000 after purchasing an additional 6,146 shares during the period. ExodusPoint Capital Management LP acquired a new stake in Heidrick & Struggles International in the second quarter valued at approximately $594,000. Finally, Thrivent Financial for Lutherans grew its holdings in Heidrick & Struggles International by 21.4% in the second quarter. Thrivent Financial for Lutherans now owns 19,402 shares of the business services provider’s stock valued at $628,000 after purchasing an additional 3,423 shares during the period. 90.33% of the stock is currently owned by hedge funds and other institutional investors.

Heidrick & Struggles International Price Performance

Shares of NASDAQ:HSII opened at $28.97 on Friday. The business’s 50 day moving average price is $28.40 and its 200-day moving average price is $28.96. The firm has a market capitalization of $575.37 million, a PE ratio of 7.79 and a beta of 0.82. Heidrick & Struggles International, Inc. has a 1 year low of $22.79 and a 1 year high of $45.99.

Heidrick & Struggles International (NASDAQ:HSII – Get Rating) last issued its quarterly earnings results on Monday, October 24th. The business services provider reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.14. The firm had revenue of $255.19 million for the quarter, compared to analyst estimates of $263.93 million. Heidrick & Struggles International had a return on equity of 23.30% and a net margin of 6.71%. During the same period in the previous year, the company posted $1.11 earnings per share. As a group, analysts expect that Heidrick & Struggles International, Inc. will post 3.73 earnings per share for the current year.

Heidrick & Struggles International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 18th. Stockholders of record on Friday, November 4th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date of this dividend was Thursday, November 3rd. Heidrick & Struggles International’s dividend payout ratio is presently 16.13%.

Analysts Set New Price Targets

HSII has been the topic of several research analyst reports. StockNews.com initiated coverage on Heidrick & Struggles International in a report on Wednesday, October 12th. They issued a “buy” rating on the stock. Barrington Research dropped their price objective on Heidrick & Struggles International from $45.00 to $38.00 in a report on Wednesday, October 26th.

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. The company enables its clients to build leadership teams by facilitating the recruitment, management, and development of senior executives.