Quantbot Technologies LP Buys New Shares in Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Quantbot Technologies LP purchased a new position in Heidrick & Struggles International, Inc. (NASDAQ:HSII) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 847 shares of the business services provider’s stock, valued at approximately $33,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Victory Capital Management Inc. lifted its holdings in shares of Heidrick & Struggles International by 7.5% during the 2nd quarter. Victory Capital Management Inc. now owns 5,705 shares of the business services provider’s stock worth $180,000 after acquiring an additional 396 shares during the period. Keene & Associates Inc. grew its holdings in Heidrick & Struggles International by 4.8% in the second quarter. Keene & Associates Inc. now owns 9,565 shares of the business services provider’s stock valued at $302,000 after purchasing an additional 435 shares during the period. The Manufacturers Life Insurance Company increased its position in Heidrick & Struggles International by 7.1% during the second quarter. The Manufacturers Life Insurance Company now owns 7,738 shares of the business services provider’s stock worth $244,000 after purchasing an additional 510 shares during the last quarter. Quest Partners LLC purchased a new position in Heidrick & Struggles International during the third quarter worth approximately $30,000. Finally, Gladius Capital Management LP acquired a new position in shares of Heidrick & Struggles International in the 3rd quarter valued at $31,000. Hedge funds and other institutional investors own 90.13% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Heidrick & Struggles International Trading Up 0.2 %

Shares of Heidrick & Struggles International stock opened at $44.91 on Friday. The company has a fifty day moving average price of $42.06 and a 200 day moving average price of $37.74. Heidrick & Struggles International, Inc. has a twelve month low of $26.52 and a twelve month high of $49.02. The stock has a market cap of $916.61 million, a price-to-earnings ratio of 24.28, a price-to-earnings-growth ratio of 1.07 and a beta of 0.88.

Heidrick & Struggles International (NASDAQ:HSII) last posted its earnings results on Monday, November 4th. The business services provider reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.04. The business had revenue of $282.82 million during the quarter, compared to analyst estimates of $267.65 million. Heidrick & Struggles International had a return on equity of 12.38% and a net margin of 3.53%. During the same quarter last year, the firm earned $0.73 earnings per share. Analysts forecast that Heidrick & Struggles International, Inc. will post 2.68 earnings per share for the current year.

Heidrick & Struggles International Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.34%. Heidrick & Struggles International’s payout ratio is currently 32.43%.

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.