Heidrick & Struggles International (NASDAQ:HSII) Downgraded by StockNews.com to Buy

StockNews.com downgraded shares of Heidrick & Struggles International (NASDAQ:HSII) from a strong-buy rating to a buy rating in a research report sent to investors on Thursday morning.

Several other analysts have also issued reports on the company. Barrington Research reaffirmed an outperform rating and set a $40.00 price target on shares of Heidrick & Struggles International in a research report on Thursday, May 16th. Truist Financial boosted their price objective on Heidrick & Struggles International from $30.00 to $33.00 and gave the company a hold rating in a research note on Tuesday, May 7th.

Heidrick & Struggles International Stock Performance

HSII opened at $31.28 on Thursday. Heidrick & Struggles International has a fifty-two week low of $22.52 and a fifty-two week high of $36.36. The firm has a 50-day moving average of $33.05 and a 200 day moving average of $31.20. The firm has a market cap of $633.42 million, a P/E ratio of 12.22, a PEG ratio of 0.79 and a beta of 0.87.

Heidrick & Struggles International (NASDAQ:HSII) last released its earnings results on Monday, May 6th. The business services provider reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.09. The firm had revenue of $265.20 million during the quarter, compared to the consensus estimate of $251.89 million. Heidrick & Struggles International had a net margin of 4.95% and a return on equity of 13.10%. Equities research analysts predict that Heidrick & Struggles International will post 2.49 earnings per share for the current fiscal year.

Heidrick & Struggles International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 23rd. Shareholders of record on Thursday, May 16th were given a dividend of $0.15 per share. The ex-dividend date was Wednesday, May 15th. This represents a $0.60 annualized dividend and a dividend yield of 1.92%. Heidrick & Struggles International’s dividend payout ratio is currently 23.44%.

Hedge Funds Weigh In On Heidrick & Struggles International

Several hedge funds have recently made changes to their positions in HSII. Illinois Municipal Retirement Fund boosted its stake in Heidrick & Struggles International by 4.9% in the 1st quarter. Illinois Municipal Retirement Fund now owns 12,218 shares of the business services provider’s stock worth $411,000 after purchasing an additional 571 shares during the period. State Board of Administration of Florida Retirement System lifted its holdings in shares of Heidrick & Struggles International by 7.2% in the first quarter. State Board of Administration of Florida Retirement System now owns 10,418 shares of the business services provider’s stock worth $351,000 after buying an additional 701 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Heidrick & Struggles International by 5.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 16,676 shares of the business services provider’s stock valued at $562,000 after acquiring an additional 863 shares during the period. Keene & Associates Inc. grew its stake in Heidrick & Struggles International by 11.3% during the first quarter. Keene & Associates Inc. now owns 9,130 shares of the business services provider’s stock valued at $307,000 after acquiring an additional 925 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new stake in Heidrick & Struggles International during the 1st quarter worth approximately $32,000. 90.13% of the stock is currently owned by hedge funds and other institutional investors.

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.