Heidrick & Struggles International (NASDAQ:HSII) Hits New 1-Year High Following Strong Earnings

Heidrick & Struggles International, Inc. (NASDAQ:HSII) shares hit a new 52-week high on Tuesday following a better than expected earnings announcement. The company traded as high as $43.01 and last traded at $42.97, with a volume of 29594 shares traded. The stock had previously closed at $39.93.

The business services provider reported $0.72 EPS for the quarter, topping the consensus estimate of $0.68 by $0.04. The company had revenue of $282.82 million during the quarter, compared to analysts’ expectations of $267.65 million. Heidrick & Struggles International had a net margin of 3.59% and a return on equity of 12.66%. During the same period last year, the company posted $0.73 earnings per share.

Heidrick & Struggles International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.40%. Heidrick & Struggles International’s dividend payout ratio (DPR) is presently 32.09%.

Analyst Ratings Changes

HSII has been the subject of a number of recent analyst reports. StockNews.com cut shares of Heidrick & Struggles International from a “buy” rating to a “hold” rating in a research report on Tuesday, July 30th. Truist Financial reissued a “hold” rating and issued a $40.00 target price (up from $33.00) on shares of Heidrick & Struggles International in a research note on Tuesday. Finally, Barrington Research restated an “outperform” rating and set a $44.00 target price on shares of Heidrick & Struggles International in a report on Friday, September 20th.

Institutional Investors Weigh In On Heidrick & Struggles International

Several hedge funds and other institutional investors have recently made changes to their positions in HSII. Innealta Capital LLC acquired a new stake in Heidrick & Struggles International in the second quarter valued at $29,000. DekaBank Deutsche Girozentrale bought a new position in shares of Heidrick & Struggles International during the first quarter worth about $32,000. Quarry LP acquired a new position in shares of Heidrick & Struggles International in the second quarter worth approximately $44,000. Meeder Asset Management Inc. bought a new stake in Heidrick & Struggles International in the second quarter valued at approximately $58,000. Finally, Allspring Global Investments Holdings LLC increased its position in Heidrick & Struggles International by 1,382.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,824 shares of the business services provider’s stock valued at $129,000 after purchasing an additional 3,566 shares during the period. 90.13% of the stock is owned by institutional investors.

Heidrick & Struggles International Stock Performance

The business has a fifty day simple moving average of $37.94 and a 200-day simple moving average of $35.39. The stock has a market capitalization of $869.70 million, a P/E ratio of 22.98, a PEG ratio of 0.94 and a beta of 0.85.

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.