Wellington Management Group LLP Acquires 12,640 Shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Wellington Management Group LLP boosted its holdings in Heidrick & Struggles International, Inc. (NASDAQ:HSII) by 3.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 431,856 shares of the business services provider’s stock after buying an additional 12,640 shares during the period. Wellington Management Group LLP owned approximately 2.12% of Heidrick & Struggles International worth $16,782,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Innealta Capital LLC bought a new position in Heidrick & Struggles International during the second quarter worth $29,000. Quest Partners LLC acquired a new stake in Heidrick & Struggles International in the 3rd quarter worth $30,000. Gladius Capital Management LP acquired a new stake in Heidrick & Struggles International in the 3rd quarter worth $31,000. Quantbot Technologies LP bought a new position in shares of Heidrick & Struggles International during the 3rd quarter worth about $33,000. Finally, Quarry LP acquired a new position in shares of Heidrick & Struggles International during the second quarter valued at about $44,000. 90.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Heidrick & Struggles International Stock Performance

NASDAQ:HSII opened at $45.45 on Friday. The company has a market capitalization of $927.59 million, a price-to-earnings ratio of 24.57, a PEG ratio of 1.07 and a beta of 0.88. The company has a 50-day moving average of $42.82 and a 200-day moving average of $38.10. Heidrick & Struggles International, Inc. has a 52 week low of $26.52 and a 52 week high of $49.02.

Heidrick & Struggles International (NASDAQ:HSII) last announced its quarterly earnings results on Monday, November 4th. The business services provider reported $0.72 EPS 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 firm had revenue of $282.82 million during the quarter, compared to analysts’ expectations of $267.65 million. During the same quarter last year, the company earned $0.73 earnings per share. Sell-side analysts forecast that Heidrick & Struggles International, Inc. will post 2.68 EPS for the current year.

Heidrick & Struggles International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date was Thursday, November 14th. Heidrick & Struggles International’s dividend payout ratio (DPR) is 32.43%.

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.