Heidrick & Struggles International, Inc. (NASDAQ:HSII) Stake Boosted by State Street Corp

State Street Corp raised its holdings in shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII) by 0.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 778,175 shares of the business services provider’s stock after purchasing an additional 1,747 shares during the period. State Street Corp owned about 3.81% of Heidrick & Struggles International worth $30,240,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of HSII. Systematic Financial Management LP boosted its holdings in shares of Heidrick & Struggles International by 8.4% in 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 buying an additional 43,087 shares during the period. Jacobs Levy Equity Management Inc. lifted its holdings in Heidrick & Struggles International by 16.0% in the third quarter. Jacobs Levy Equity Management Inc. now owns 224,777 shares of the business services provider’s stock worth $8,735,000 after acquiring an additional 30,998 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Heidrick & Struggles International by 1.6% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 275,306 shares of the business services provider’s stock valued at $10,698,000 after purchasing an additional 4,400 shares during the last quarter. HighTower Advisors LLC bought a new position in shares of Heidrick & Struggles International during the third quarter valued at approximately $212,000. Finally, Centiva Capital LP acquired a new stake in shares of Heidrick & Struggles International during the 3rd quarter worth approximately $416,000. 90.13% of the stock is owned by institutional investors and hedge funds.

Heidrick & Struggles International Price Performance

Shares of Heidrick & Struggles International stock opened at $43.71 on Friday. Heidrick & Struggles International, Inc. has a 1-year low of $26.52 and a 1-year high of $49.02. The business’s fifty day moving average price is $43.58 and its two-hundred day moving average price is $38.43. The company has a market capitalization of $892.08 million, a P/E ratio of 23.63, a PEG ratio of 1.07 and a beta of 0.88.

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, beating analysts’ consensus estimates of $0.68 by $0.04. The business had revenue of $282.82 million for the quarter, compared to analysts’ expectations of $267.65 million. Heidrick & Struggles International had a net margin of 3.53% and a return on equity of 12.38%. During the same period in the previous year, the business earned $0.73 earnings per share. On average, research analysts expect that Heidrick & Struggles International, Inc. will post 2.68 earnings per share for the current fiscal year.

Heidrick & Struggles International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend was Thursday, November 14th. Heidrick & Struggles International’s dividend payout ratio is currently 32.43%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Barrington Research boosted their price objective on Heidrick & Struggles International from $44.00 to $50.00 and gave the company an “outperform” rating in a research report on Monday, December 2nd. StockNews.com raised shares of Heidrick & Struggles International from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Finally, Truist Financial reaffirmed a “hold” rating and issued a $42.00 price objective (up previously from $40.00) on shares of Heidrick & Struggles International in a report on Wednesday, December 4th.

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.