Corvex Management LP Invests $42.94 Million in Heidrick & Struggles International, Inc. $HSII

Key Points

• Corvex Management LP acquired over 1 million shares of Heidrick & Struggles International, valued at approximately $42.9 million, making it the firm's 20th largest position.
• Several analysts have upgraded their price targets for Heidrick & Struggles International, with Barrington Research raising it from $52 to $56, rating the stock as "outperform."
• The company recently reported a quarterly earnings per share of $0.85, exceeding estimates, and announced a quarterly dividend of $0.15, resulting in a yield of 1.2%.

Corvex Management LP acquired a new position in shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,002,462 shares of the business services provider's stock, valued at approximately $42,935,000. Heidrick & Struggles International makes up about 1.6% of Corvex Management LP's investment portfolio, making the stock its 20th biggest position. Corvex Management LP owned 4.86% of Heidrick & Struggles International at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of HSII. Bailard Inc. bought a new stake in Heidrick & Struggles International during the first quarter valued at approximately $214,000. Gallacher Capital Management LLC bought a new position in shares of Heidrick & Struggles International in the 1st quarter worth $231,000. ProShare Advisors LLC bought a new stake in shares of Heidrick & Struggles International during the 4th quarter worth $269,000. Hohimer Wealth Management LLC lifted its holdings in shares of Heidrick & Struggles International by 5.4% during the 1st quarter. Hohimer Wealth Management LLC now owns 6,922 shares of the business services provider's stock worth $296,000 after acquiring an additional 353 shares during the last quarter. Finally, Banque Cantonale Vaudoise purchased a new position in Heidrick & Struggles International in the first quarter worth $304,000. 90.13% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

HSII has been the topic of a number of research reports. Wall Street Zen upgraded Heidrick & Struggles International from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 9th. Barrington Research raised their price objective on Heidrick & Struggles International from $52.00 to $56.00 and gave the company an "outperform" rating in a report on Friday, August 22nd. Finally, Truist Financial boosted their target price on Heidrick & Struggles International from $44.00 to $46.00 and gave the stock a "hold" rating in a research report on Friday, June 20th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Heidrick & Struggles International currently has a consensus rating of "Moderate Buy" and a consensus price target of $51.00.

Heidrick & Struggles International Price Performance

HSII traded down $0.10 during trading on Monday, hitting $50.27. 138,168 shares of the stock traded hands, compared to its average volume of 129,740. The firm has a market capitalization of $1.04 billion, a P/E ratio of 31.62, a price-to-earnings-growth ratio of 0.99 and a beta of 1.07. Heidrick & Struggles International, Inc. has a 12-month low of $35.54 and a 12-month high of $52.17. The firm has a 50-day moving average of $47.61 and a 200 day moving average of $44.07.

Heidrick & Struggles International (NASDAQ:HSII - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The business services provider reported $0.85 EPS for the quarter, beating the consensus estimate of $0.74 by $0.11. Heidrick & Struggles International had a net margin of 2.92% and a return on equity of 14.85%. The firm had revenue of $317.25 million during the quarter, compared to the consensus estimate of $292.94 million. Heidrick & Struggles International has set its Q3 2025 guidance at EPS. As a group, equities analysts predict that Heidrick & Struggles International, Inc. will post 2.68 EPS for the current fiscal year.

Heidrick & Struggles International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were given a dividend of $0.15 per share. The ex-dividend date was Thursday, August 14th. This represents a $0.60 annualized dividend and a dividend yield of 1.2%. Heidrick & Struggles International's payout ratio is currently 37.74%.

Heidrick & Struggles International Profile

Heidrick & Struggles International, Inc engages in provision of leadership consulting, culture shaping and senior-level executive search services. It offers its clients build leadership teams through facilitating the recruitment, management and deployment of senior executives. It operates under the following segments: Americas, Europe, Asia Pacific, Heidrick Consulting, and On Demand Talent Business.