HighTower Advisors LLC Makes New Investment in Heidrick & Struggles International, Inc. (NASDAQ:HSII)

HighTower Advisors LLC bought a new stake in Heidrick & Struggles International, Inc. (NASDAQ:HSII) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,498 shares of the business services provider’s stock, valued at approximately $212,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Victory Capital Management Inc. boosted its position in shares of Heidrick & Struggles International by 7.5% during the second quarter. Victory Capital Management Inc. now owns 5,705 shares of the business services provider’s stock worth $180,000 after purchasing an additional 396 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Heidrick & Struggles International by 1.3% during the third quarter. BNP Paribas Financial Markets now owns 34,170 shares of the business services provider’s stock worth $1,328,000 after buying an additional 427 shares in the last quarter. Keene & Associates Inc. boosted its position in Heidrick & Struggles International by 4.8% during the 2nd quarter. Keene & Associates Inc. now owns 9,565 shares of the business services provider’s stock worth $302,000 after acquiring an additional 435 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Heidrick & Struggles International by 7.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,738 shares of the business services provider’s stock worth $244,000 after acquiring an additional 510 shares during the last quarter. Finally, Quest Partners LLC bought a new position in shares of Heidrick & Struggles International during the 3rd quarter worth approximately $30,000. 90.13% of the stock is owned by institutional investors.

Heidrick & Struggles International Price Performance

Shares of HSII stock opened at $44.15 on Thursday. The stock has a market cap of $901.06 million, a P/E ratio of 23.86, a P/E/G ratio of 1.07 and a beta of 0.88. The company has a fifty day moving average price of $43.93 and a two-hundred day moving average price of $38.67. Heidrick & Struggles International, Inc. has a one year low of $26.52 and a one year high of $49.02.

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. As a group, equities research analysts anticipate that Heidrick & Struggles International, Inc. will post 2.68 EPS for the current fiscal year.

Heidrick & Struggles International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.60 annualized dividend and a dividend yield of 1.36%. Heidrick & Struggles International’s dividend payout ratio is currently 32.43%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. StockNews.com raised shares of Heidrick & Struggles International from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Truist Financial reissued a “hold” rating and set a $42.00 price target (up from $40.00) on shares of Heidrick & Struggles International in a research report on Wednesday, December 4th. Finally, Barrington Research boosted their price target 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.

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.