Heidrick & Struggles International (NASDAQ:HSII) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Heidrick & Struggles International (NASDAQ:HSII) from a hold rating to a buy rating in a report released on Wednesday.

Other equities research analysts also recently issued research reports about the company. Truist Financial restated a “hold” rating and issued a $40.00 target price (up previously from $33.00) on shares of Heidrick & Struggles International in a research report on Tuesday. Barrington Research restated an “outperform” rating and issued a $44.00 target price on shares of Heidrick & Struggles International in a research report on Friday, September 20th.

Heidrick & Struggles International Price Performance

Heidrick & Struggles International stock traded down $0.74 during trading on Wednesday, reaching $46.67. 7,011 shares of the company were exchanged, compared to its average volume of 151,819. Heidrick & Struggles International has a 52-week low of $25.13 and a 52-week high of $47.80. The company has a market capitalization of $948.33 million, a P/E ratio of 25.63, a PEG ratio of 0.95 and a beta of 0.85. The stock’s 50 day simple moving average is $38.21 and its two-hundred day simple moving average is $35.56.

Heidrick & Struggles International (NASDAQ:HSII) last announced its quarterly earnings data on Monday, November 4th. The business services provider reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.04. Heidrick & Struggles International had a return on equity of 12.51% and a net margin of 3.53%. The firm had revenue of $282.82 million for the quarter, compared to the consensus estimate of $267.65 million. During the same quarter last year, the business posted $0.73 earnings per share. As a group, equities analysts forecast that Heidrick & Struggles International will post 2.62 earnings per share for the current year.

Heidrick & Struggles International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.29%. Heidrick & Struggles International’s payout ratio is presently 32.43%.

Institutional Investors Weigh In On Heidrick & Struggles International

A number of institutional investors have recently modified their holdings of the company. Gladius Capital Management LP acquired a new stake in shares of Heidrick & Struggles International in the third quarter valued at $31,000. Empowered Funds LLC grew its stake in shares of Heidrick & Struggles International by 43.4% in the third quarter. Empowered Funds LLC now owns 185,273 shares of the business services provider’s stock valued at $7,200,000 after buying an additional 56,047 shares in the last quarter. Royce & Associates LP grew its stake in shares of Heidrick & Struggles International by 34.2% in the third quarter. Royce & Associates LP now owns 30,775 shares of the business services provider’s stock valued at $1,196,000 after buying an additional 7,851 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Heidrick & Struggles International by 218.3% in the third quarter. Victory Capital Management Inc. now owns 18,159 shares of the business services provider’s stock valued at $706,000 after buying an additional 12,454 shares in the last quarter. Finally, Versor Investments LP acquired a new stake in shares of Heidrick & Struggles International in the third quarter valued at $339,000. 90.13% of the stock is owned by institutional investors and hedge funds.

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.