Wellington Management Group LLP Boosts Stake in Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Wellington Management Group LLP increased its holdings in shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII) by 95.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 223,616 shares of the business services provider’s stock after acquiring an additional 108,916 shares during the period. Wellington Management Group LLP owned approximately 1.11% of Heidrick & Struggles International worth $6,603,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. AJOVista LLC purchased a new stake in shares of Heidrick & Struggles International in the fourth quarter valued at approximately $51,000. Maryland State Retirement & Pension System purchased a new stake in Heidrick & Struggles International in the 4th quarter worth $218,000. Bailard Inc. acquired a new position in Heidrick & Struggles International during the fourth quarter worth $260,000. Quadrature Capital Ltd lifted its holdings in Heidrick & Struggles International by 22.7% during the third quarter. Quadrature Capital Ltd now owns 10,514 shares of the business services provider’s stock valued at $263,000 after purchasing an additional 1,946 shares in the last quarter. Finally, Louisiana State Employees Retirement System acquired a new stake in shares of Heidrick & Struggles International in the fourth quarter valued at about $298,000. Hedge funds and other institutional investors own 90.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on HSII shares. StockNews.com lowered shares of Heidrick & Struggles International from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Truist Financial lifted their price target on Heidrick & Struggles International from $30.00 to $33.00 and gave the stock a “hold” rating in a research note on Tuesday, May 7th. Finally, Barrington Research reissued an “outperform” rating and issued a $40.00 price objective on shares of Heidrick & Struggles International in a research note on Thursday, May 16th.

Heidrick & Struggles International Price Performance

Shares of Heidrick & Struggles International stock opened at $31.58 on Friday. Heidrick & Struggles International, Inc. has a 1-year low of $22.52 and a 1-year high of $36.36. The stock has a market cap of $639.50 million, a P/E ratio of 12.34, a P/E/G ratio of 0.79 and a beta of 0.87. The stock’s 50 day simple moving average is $33.07 and its 200-day simple moving average is $31.22.

Heidrick & Struggles International (NASDAQ:HSII) last released its quarterly earnings data on Monday, May 6th. The business services provider reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.09. Heidrick & Struggles International had a return on equity of 13.10% and a net margin of 4.95%. The company had revenue of $265.20 million for the quarter, compared to analyst estimates of $251.89 million. As a group, research analysts expect that Heidrick & Struggles International, Inc. will post 2.49 EPS for the current fiscal year.

Heidrick & Struggles International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 23rd. Shareholders of record on Thursday, May 16th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date was Wednesday, May 15th. Heidrick & Struggles International’s dividend payout ratio (DPR) is presently 23.44%.

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.