State of Alaska Department of Revenue Sells 294 Shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII)

State of Alaska Department of Revenue cut its stake in Heidrick & Struggles International, Inc. (NASDAQ:HSII) by 2.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,594 shares of the business services provider’s stock after selling 294 shares during the quarter. State of Alaska Department of Revenue owned 0.06% of Heidrick & Struggles International worth $450,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Innealta Capital LLC purchased a new stake in Heidrick & Struggles International in the second quarter worth about $29,000. DekaBank Deutsche Girozentrale bought a new position in shares of Heidrick & Struggles International in the first quarter worth approximately $32,000. Quarry LP purchased a new stake in shares of Heidrick & Struggles International in the second quarter worth $44,000. Meeder Asset Management Inc. bought a new stake in shares of Heidrick & Struggles International during the 2nd quarter valued at $58,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Heidrick & Struggles International by 1,382.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,824 shares of the business services provider’s stock valued at $129,000 after buying an additional 3,566 shares in the last quarter. 90.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Heidrick & Struggles International Price Performance

Shares of NASDAQ HSII opened at $47.53 on Friday. The stock has a market capitalization of $965.81 million, a P/E ratio of 25.69, a PEG ratio of 0.95 and a beta of 0.85. Heidrick & Struggles International, Inc. has a 1-year low of $25.32 and a 1-year high of $47.81. The business’s 50 day moving average is $38.55 and its two-hundred day moving average is $35.75.

Heidrick & Struggles International (NASDAQ:HSII) last released its earnings results on Monday, November 4th. The business services provider reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.04. The firm had revenue of $282.82 million for the quarter, compared to the consensus estimate of $267.65 million. Heidrick & Struggles International had a return on equity of 12.51% and a net margin of 3.53%. During the same quarter in the previous year, the company posted $0.73 EPS. As a group, equities research analysts anticipate that Heidrick & Struggles International, Inc. will post 2.62 earnings per share for the current fiscal year.

Heidrick & Struggles International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is 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.