Heidrick & Struggles International (NASDAQ:HSII) Downgraded by StockNews.com

StockNews.com lowered shares of Heidrick & Struggles International (NASDAQ:HSII) from a strong-buy rating to a buy rating in a report released on Thursday morning.

Other equities analysts have also recently issued research reports about the company. Barrington Research reiterated an outperform rating and set a $40.00 price objective on shares of Heidrick & Struggles International in a report on Thursday, May 16th. Truist Financial raised their target price on shares of Heidrick & Struggles International from $30.00 to $33.00 and gave the stock a hold rating in a report on Tuesday, May 7th.

Heidrick & Struggles International Stock Performance

Shares of HSII opened at $31.58 on Thursday. The stock has a fifty day moving average price of $33.07 and a two-hundred day moving average price of $31.24. Heidrick & Struggles International has a 52-week low of $22.52 and a 52-week high of $36.36. The company has a market cap of $639.50 million, a price-to-earnings ratio of 12.34, a PEG ratio of 0.79 and a beta of 0.87.

Heidrick & Struggles International (NASDAQ:HSII) last released its earnings results on Monday, May 6th. The business services provider reported $0.67 EPS for the quarter, beating the consensus estimate of $0.58 by $0.09. Heidrick & Struggles International had a return on equity of 13.10% and a net margin of 4.95%. The company had revenue of $265.20 million during the quarter, compared to analysts’ expectations of $251.89 million. As a group, research analysts predict that Heidrick & Struggles International will post 2.49 EPS for the current fiscal year.

Heidrick & Struggles International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Stockholders of record on Thursday, May 16th were paid a dividend of $0.15 per share. The ex-dividend date was Wednesday, May 15th. This represents a $0.60 annualized dividend and a dividend yield of 1.90%. Heidrick & Struggles International’s dividend payout ratio is currently 23.44%.

Hedge Funds Weigh In On Heidrick & Struggles International

Several hedge funds have recently made changes to their positions in the business. DekaBank Deutsche Girozentrale bought a new position in shares of Heidrick & Struggles International in the first quarter valued at $32,000. AJOVista LLC acquired a new position in Heidrick & Struggles International in the fourth quarter valued at about $51,000. Allspring Global Investments Holdings LLC raised its stake in Heidrick & Struggles International by 1,382.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 3,824 shares of the business services provider’s stock valued at $129,000 after purchasing an additional 3,566 shares in the last quarter. Everence Capital Management Inc. acquired a new position in Heidrick & Struggles International in the first quarter valued at about $212,000. Finally, Maryland State Retirement & Pension System acquired a new position in Heidrick & Struggles International in the fourth quarter valued at about $218,000. 90.13% of the stock is owned by institutional investors.

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.