Louisiana State Employees Retirement System Sells 400 Shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Louisiana State Employees Retirement System cut its holdings in Heidrick & Struggles International, Inc. (NASDAQ:HSII) by 3.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,800 shares of the business services provider’s stock after selling 400 shares during the period. Louisiana State Employees Retirement System’s holdings in Heidrick & Struggles International were worth $381,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Assenagon Asset Management S.A. raised its holdings in Heidrick & Struggles International by 29.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 73,432 shares of the business services provider’s stock valued at $2,854,000 after acquiring an additional 16,748 shares in the last quarter. Everence Capital Management Inc. acquired a new position in Heidrick & Struggles International in the third quarter valued at about $245,000. Creative Planning bought a new stake in Heidrick & Struggles International during the third quarter worth about $318,000. Exchange Traded Concepts LLC grew its stake in Heidrick & Struggles International by 246.4% during the third quarter. Exchange Traded Concepts LLC now owns 34,479 shares of the business services provider’s stock worth $1,340,000 after buying an additional 24,526 shares in the last quarter. Finally, Inspire Investing LLC bought a new position in Heidrick & Struggles International in the 3rd quarter valued at about $414,000. 90.13% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HSII. Truist Financial reissued a “hold” rating and issued a $40.00 price objective (up from $33.00) on shares of Heidrick & Struggles International in a research note on Tuesday. StockNews.com raised Heidrick & Struggles International from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Barrington Research reissued an “outperform” rating and set a $44.00 price target on shares of Heidrick & Struggles International in a report on Friday, September 20th.

Heidrick & Struggles International Trading Up 12.1 %

Shares of HSII stock opened at $47.41 on Thursday. The firm has a market capitalization of $963.37 million, a price-to-earnings ratio of 25.63, a PEG ratio of 0.95 and a beta of 0.85. The business’s 50-day moving average price is $38.21 and its 200-day moving average price is $35.56. Heidrick & Struggles International, Inc. has a 12 month low of $24.93 and a 12 month high of $47.80.

Heidrick & Struggles International (NASDAQ:HSII) last posted its earnings results on Monday, November 4th. The business services provider reported $0.72 EPS for the quarter, topping the consensus estimate of $0.68 by $0.04. Heidrick & Struggles International had a net margin of 3.53% and a return on equity of 12.51%. The business had revenue of $282.82 million for the quarter, compared to the consensus estimate of $267.65 million. During the same period last year, the company earned $0.73 EPS. On average, sell-side analysts predict that Heidrick & Struggles International, Inc. will post 2.62 earnings per share for the current fiscal year.

Heidrick & Struggles International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 14th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.27%. The ex-dividend date is Thursday, November 14th. Heidrick & Struggles International’s dividend payout ratio is currently 32.43%.

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.