Heidrick & Struggles International (NASDAQ:HSII) Given New $50.00 Price Target at Barrington Research

Heidrick & Struggles International (NASDAQ:HSII) had its target price upped by Barrington Research from $44.00 to $50.00 in a research note issued to investors on Monday morning,Benzinga reports. The brokerage currently has an outperform rating on the business services provider’s stock.

HSII has been the topic of several other reports. StockNews.com upgraded shares of Heidrick & Struggles International from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Truist Financial reiterated a “hold” rating and set a $40.00 target price (up from $33.00) on shares of Heidrick & Struggles International in a research report on Tuesday, November 5th.

Heidrick & Struggles International Price Performance

Shares of Heidrick & Struggles International stock opened at $47.20 on Monday. The business has a 50-day moving average of $41.24 and a two-hundred day moving average of $37.40. Heidrick & Struggles International has a 1 year low of $26.52 and a 1 year high of $49.02. The company has a market capitalization of $963.35 million, a P/E ratio of 25.45, a price-to-earnings-growth ratio of 1.08 and a beta of 0.85.

Heidrick & Struggles International (NASDAQ:HSII) last issued its quarterly earnings results on Monday, November 4th. The business services provider reported $0.72 earnings per share 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 12.38%. The company had revenue of $282.82 million during the quarter, compared to analysts’ expectations of $267.65 million. During the same period last year, the business earned $0.73 EPS. On average, equities analysts anticipate that Heidrick & Struggles International will post 2.68 EPS for the current fiscal year.

Heidrick & Struggles International Dividend Announcement

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

Institutional Investors Weigh In On Heidrick & Struggles International

Several hedge funds and other institutional investors have recently modified their holdings of HSII. Dimensional Fund Advisors LP increased its position in shares of Heidrick & Struggles International by 2.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,376,789 shares of the business services provider’s stock valued at $43,479,000 after acquiring an additional 29,820 shares during the last quarter. Mak Capital One LLC lifted its holdings in Heidrick & Struggles International by 35.2% during the 2nd quarter. Mak Capital One LLC now owns 993,408 shares of the business services provider’s stock worth $31,372,000 after purchasing an additional 258,583 shares in the last quarter. Pacer Advisors Inc. bought a new position in Heidrick & Struggles International in the 2nd quarter valued at $29,938,000. Systematic Financial Management LP boosted its position in shares of Heidrick & Struggles International by 8.4% during the 3rd quarter. Systematic Financial Management LP now owns 554,298 shares of the business services provider’s stock valued at $21,540,000 after acquiring an additional 43,087 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Heidrick & Struggles International by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 495,513 shares of the business services provider’s stock worth $19,259,000 after acquiring an additional 18,771 shares during the last quarter. Institutional investors own 90.13% of the company’s stock.

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.