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

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Bridgeway Capital Management LLC lifted its holdings in shares of Heidrick & Struggles International by 41.9% in the 1st quarter. Bridgeway Capital Management LLC now owns 202,314 shares of the business services provider's stock worth $8,665,000 after acquiring an additional 59,757 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Heidrick & Struggles International during the 1st quarter worth approximately $539,000. Graham Capital Management L.P. purchased a new stake in Heidrick & Struggles International during the 1st quarter worth approximately $573,000. State of Wyoming increased its stake in Heidrick & Struggles International by 97.1% during the 1st quarter. State of Wyoming now owns 7,732 shares of the business services provider's stock worth $331,000 after buying an additional 3,810 shares during the period. Finally, Keeley Teton Advisors LLC increased its stake in Heidrick & Struggles International by 36.4% during the 1st quarter. Keeley Teton Advisors LLC now owns 32,782 shares of the business services provider's stock worth $1,404,000 after buying an additional 8,746 shares during the period. 90.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HSII has been the topic of several recent research reports. Truist Financial upped their target price on shares of Heidrick & Struggles International from $44.00 to $46.00 and gave the stock a "hold" rating in a research note on Friday, June 20th. Wall Street Zen raised shares of Heidrick & Struggles International from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 9th. Finally, Barrington Research increased their price objective on shares of Heidrick & Struggles International from $52.00 to $56.00 and gave the company an "outperform" rating in a research report on Friday, August 22nd. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $51.00.

Heidrick & Struggles International Price Performance

Shares of Heidrick & Struggles International stock traded up $0.32 during trading hours on Tuesday, hitting $50.59. The company had a trading volume of 57,312 shares, compared to its average volume of 129,283. The company's 50-day moving average is $47.70 and its two-hundred day moving average is $44.13. Heidrick & Struggles International, Inc. has a twelve month low of $35.54 and a twelve month high of $52.17. The company has a market cap of $1.05 billion, a P/E ratio of 31.80, a price-to-earnings-growth ratio of 0.99 and a beta of 1.07.

Heidrick & Struggles International (NASDAQ:HSII - Get Free Report) last issued its earnings results on Monday, August 4th. The business services provider reported $0.85 earnings per share (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 business had revenue of $317.25 million during the quarter, compared to analysts' expectations of $292.94 million. Heidrick & Struggles International has set its Q3 2025 guidance at EPS. Sell-side analysts expect that Heidrick & Struggles International, Inc. will post 2.68 EPS for the current year.

Heidrick & Struggles International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Thursday, August 14th. Heidrick & Struggles International's dividend payout ratio (DPR) is 37.74%.

About Heidrick & Struggles International

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.