Geode Capital Management LLC Has $19.26 Million Stock Position in Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Geode Capital Management LLC increased its holdings in Heidrick & Struggles International, Inc. (NASDAQ:HSII) by 3.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 495,513 shares of the business services provider’s stock after acquiring an additional 18,771 shares during the period. Geode Capital Management LLC owned about 2.43% of Heidrick & Struggles International worth $19,259,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Pacer Advisors Inc. purchased a new stake in shares of Heidrick & Struggles International in the second quarter worth approximately $29,938,000. Mak Capital One LLC increased its stake in Heidrick & Struggles International by 35.2% in the 2nd quarter. Mak Capital One LLC now owns 993,408 shares of the business services provider’s stock valued at $31,372,000 after buying an additional 258,583 shares during the period. Empowered Funds LLC boosted its stake in shares of Heidrick & Struggles International by 43.4% during the 3rd quarter. Empowered Funds LLC now owns 185,273 shares of the business services provider’s stock valued at $7,200,000 after buying an additional 56,047 shares during the period. Systematic Financial Management LP grew its holdings 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 in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of Heidrick & Struggles International by 55.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 118,414 shares of the business services provider’s stock worth $4,602,000 after acquiring an additional 42,195 shares during the last quarter. 90.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HSII. Truist Financial reaffirmed a “hold” rating and set a $42.00 price target (up from $40.00) on shares of Heidrick & Struggles International in a research note on Wednesday, December 4th. StockNews.com raised shares of Heidrick & Struggles International from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Finally, Barrington Research increased their price target on shares of Heidrick & Struggles International from $44.00 to $50.00 and gave the stock an “outperform” rating in a research note on Monday, December 2nd.

Heidrick & Struggles International Stock Performance

Shares of HSII stock opened at $44.27 on Friday. The company has a market capitalization of $903.51 million, a price-to-earnings ratio of 23.93, a PEG ratio of 1.07 and a beta of 0.88. The stock’s 50 day simple moving average is $44.17 and its 200 day simple moving average is $38.78. Heidrick & Struggles International, Inc. has a twelve month low of $26.52 and a twelve month high of $49.02.

Heidrick & Struggles International (NASDAQ:HSII) last issued its quarterly earnings data on Monday, November 4th. The business services provider reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $282.82 million during the quarter, compared to analysts’ expectations of $267.65 million. During the same period in the previous year, the company earned $0.73 earnings per share. On average, analysts forecast that Heidrick & Struggles International, Inc. 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 given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend was Thursday, November 14th. Heidrick & Struggles International’s dividend payout ratio is currently 32.43%.

Heidrick & Struggles International 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.