Heidrick & Struggles International (NASDAQ:HSII) Reaches New 52-Week High – Here’s Why

Shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $48.49 and last traded at $48.49, with a volume of 430 shares trading hands. The stock had previously closed at $47.53.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Barrington Research reissued an “outperform” rating and set a $44.00 price target on shares of Heidrick & Struggles International in a research report on Friday, September 20th. StockNews.com upgraded Heidrick & Struggles International from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Finally, Truist Financial reissued a “hold” rating and set a $40.00 price target (up from $33.00) on shares of Heidrick & Struggles International in a research report on Tuesday, November 5th.

Heidrick & Struggles International Stock Up 2.0 %

The business’s 50 day simple moving average is $38.55 and its 200 day simple moving average is $35.82. The stock has a market cap of $989.68 million, a price-to-earnings ratio of 25.69, a PEG ratio of 1.11 and a beta of 0.85.

Heidrick & Struggles International (NASDAQ:HSII) last issued its earnings results on Monday, November 4th. The business services provider reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.04. The business had revenue of $282.82 million during the quarter, compared to the consensus estimate 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 last year, the business posted $0.73 EPS. Equities research analysts forecast that Heidrick & Struggles International, Inc. will post 2.67 earnings per share for the current fiscal year.

Heidrick & Struggles International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 14th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend is Thursday, November 14th. Heidrick & Struggles International’s payout ratio is presently 32.43%.

Hedge Funds Weigh In On Heidrick & Struggles International

Several institutional investors and hedge funds have recently modified their holdings of HSII. Intech Investment Management LLC bought a new stake in shares of Heidrick & Struggles International during the 3rd quarter worth about $261,000. Banque Cantonale Vaudoise increased its stake in shares of Heidrick & Struggles International by 132.0% during the third quarter. Banque Cantonale Vaudoise now owns 7,108 shares of the business services provider’s stock worth $276,000 after purchasing an additional 4,044 shares during the period. Quest Partners LLC acquired a new stake in Heidrick & Struggles International during the 3rd quarter worth approximately $30,000. Gladius Capital Management LP bought a new stake in Heidrick & Struggles International in the 3rd quarter valued at $31,000. Finally, Empowered Funds LLC grew its holdings in Heidrick & Struggles International by 43.4% in 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 in the last quarter. 90.13% of the stock is currently owned by institutional investors and hedge funds.

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.