Heidrick & Struggles International (NASDAQ:HSII) Trading 6.9% Higher Following Analyst Upgrade

Heidrick & Struggles International, Inc. (NASDAQ:HSII)’s stock price traded up 6.9% during mid-day trading on Wednesday after Truist Financial raised their price target on the stock from $30.00 to $33.00. Truist Financial currently has a hold rating on the stock. Heidrick & Struggles International traded as high as $31.50 and last traded at $31.46. 187,391 shares were traded during trading, an increase of 40% from the average session volume of 133,772 shares. The stock had previously closed at $29.42.

HSII has been the topic of a number of other reports. StockNews.com upgraded shares of Heidrick & Struggles International from a “hold” rating to a “buy” rating in a research note on Tuesday, March 12th. Barrington Research reiterated an “outperform” rating and set a $40.00 price target on shares of Heidrick & Struggles International in a report on Monday, March 4th. Finally, TheStreet raised shares of Heidrick & Struggles International from a “c+” rating to a “b-” rating in a research note on Monday, February 12th.

Institutional Investors Weigh In On Heidrick & Struggles International

A number of institutional investors have recently bought and sold shares of the stock. Bailard Inc. purchased a new stake in shares of Heidrick & Struggles International during the 4th quarter valued at $260,000. Quadrature Capital Ltd boosted its holdings in Heidrick & Struggles International by 22.7% in the third quarter. Quadrature Capital Ltd now owns 10,514 shares of the business services provider’s stock valued at $263,000 after acquiring an additional 1,946 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Heidrick & Struggles International by 77.4% during the third quarter. Assenagon Asset Management S.A. now owns 297,188 shares of the business services provider’s stock valued at $7,436,000 after acquiring an additional 129,644 shares during the period. First Eagle Investment Management LLC increased its stake in Heidrick & Struggles International by 7.2% during the third quarter. First Eagle Investment Management LLC now owns 120,348 shares of the business services provider’s stock worth $3,011,000 after acquiring an additional 8,078 shares during the last quarter. Finally, Wellington Management Group LLP purchased a new position in shares of Heidrick & Struggles International in the 3rd quarter worth about $2,870,000. 90.13% of the stock is currently owned by hedge funds and other institutional investors.

Heidrick & Struggles International Trading Up 8.1 %

The firm has a 50 day moving average price of $31.58 and a two-hundred day moving average price of $29.23. The firm has a market capitalization of $642.68 million, a price-to-earnings ratio of 12.00, a price-to-earnings-growth ratio of 0.77 and a beta of 0.88.

Heidrick & Struggles International (NASDAQ:HSII) last released its quarterly earnings data on Monday, February 26th. The business services provider reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.03. Heidrick & Struggles International had a net margin of 5.23% and a return on equity of 13.81%. The company had revenue of $253.16 million during the quarter, compared to the consensus estimate of $248.17 million. As a group, research analysts forecast that Heidrick & Struggles International, Inc. will post 2.41 earnings per share for the current year.

Heidrick & Struggles International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Thursday, May 16th 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 1.89%. The ex-dividend date of this dividend is Wednesday, May 15th. Heidrick & Struggles International’s dividend payout ratio is presently 22.64%.

About Heidrick & Struggles International

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.