Banque Cantonale Vaudoise Purchases Shares of 7,108 Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Key Points

• Banque Cantonale Vaudoise acquired a new stake in Heidrick & Struggles International, purchasing 7,108 shares worth approximately $304,000 during the first quarter.
• Heidrick & Struggles International reported a quarterly revenue of $287.44 million, surpassing analyst estimates of $267.42 million, and matched earnings per share of $0.67.
• The company announced a quarterly dividend of $0.15 per share, which reflects an annualized dividend yield of 1.4% and a high dividend payout ratio of 171.43%.

Banque Cantonale Vaudoise purchased a new position in shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 7,108 shares of the business services provider's stock, valued at approximately $304,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Northern Trust Corp boosted its holdings in Heidrick & Struggles International by 9.5% in the 4th quarter. Northern Trust Corp now owns 251,778 shares of the business services provider's stock valued at $11,156,000 after purchasing an additional 21,843 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Heidrick & Struggles International by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 1,517,661 shares of the business services provider's stock worth $67,248,000 after acquiring an additional 14,035 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Heidrick & Struggles International by 398.7% during the 4th quarter. JPMorgan Chase & Co. now owns 200,982 shares of the business services provider's stock worth $8,906,000 after acquiring an additional 160,677 shares in the last quarter. Prudential Financial Inc. boosted its stake in shares of Heidrick & Struggles International by 32.3% during the 4th quarter. Prudential Financial Inc. now owns 32,599 shares of the business services provider's stock worth $1,444,000 after acquiring an additional 7,950 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in shares of Heidrick & Struggles International by 3.9% during the 4th quarter. Millennium Management LLC now owns 108,650 shares of the business services provider's stock worth $4,814,000 after acquiring an additional 4,037 shares in the last quarter. Hedge funds and other institutional investors own 90.13% of the company's stock.

Heidrick & Struggles International Stock Performance

HSII stock traded up $0.16 on Monday, reaching $43.21. The company had a trading volume of 44,841 shares, compared to its average volume of 132,457. Heidrick & Struggles International, Inc. has a 1 year low of $35.38 and a 1 year high of $49.02. The company's fifty day moving average is $45.11 and its 200 day moving average is $43.52. The company has a market cap of $890.93 million, a P/E ratio of 123.26, a PEG ratio of 0.94 and a beta of 1.06.

Heidrick & Struggles International (NASDAQ:HSII - Get Free Report) last posted its earnings results on Monday, May 5th. The business services provider reported $0.67 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.67. Heidrick & Struggles International had a return on equity of 14.23% and a net margin of 0.71%. The firm had revenue of $287.44 million for the quarter, compared to analyst estimates of $267.42 million. On average, sell-side analysts predict that Heidrick & Struggles International, Inc. will post 2.68 earnings per share for the current year.

Analysts Set New Price Targets

HSII has been the topic of several research analyst reports. Barrington Research reissued an "outperform" rating and set a $52.00 price target on shares of Heidrick & Struggles International in a research note on Friday, June 13th. Truist Financial upped their target price on Heidrick & Struggles International from $44.00 to $46.00 and gave the company a "hold" rating in a research note on Friday, June 20th.

Heidrick & Struggles International Company 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.