Cary Street Partners Financial LLC Invests $498,000 in Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Key Points

• Cary Street Partners Financial LLC has acquired a new stake in Heidrick & Struggles International, Inc., purchasing 11,630 shares valued at approximately $498,000 during the first quarter.
• Wall Street analysts predict optimistic growth for Heidrick & Struggles International, with Truist Financial raising its price target from $44.00 to $46.00 and providing a "hold" rating.
• The company recently announced a quarterly dividend of $0.15 per share, with a payout ratio of 37.74% and a dividend yield of 1.3%.

Cary Street Partners Financial LLC purchased a new position in shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 11,630 shares of the business services provider's stock, valued at approximately $498,000. Cary Street Partners Financial LLC owned 0.06% of Heidrick & Struggles International as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in HSII. SummerHaven Investment Management LLC boosted its stake in shares of Heidrick & Struggles International by 1.2% in the first quarter. SummerHaven Investment Management LLC now owns 25,216 shares of the business services provider's stock valued at $1,080,000 after buying an additional 310 shares in the last quarter. Hohimer Wealth Management LLC boosted its position in Heidrick & Struggles International by 5.4% during the first quarter. Hohimer Wealth Management LLC now owns 6,922 shares of the business services provider's stock worth $296,000 after purchasing an additional 353 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Heidrick & Struggles International by 3.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,445 shares of the business services provider's stock worth $507,000 after acquiring an additional 365 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Heidrick & Struggles International by 1.2% in the fourth quarter. BNP Paribas Financial Markets now owns 34,570 shares of the business services provider's stock worth $1,532,000 after acquiring an additional 400 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its holdings in shares of Heidrick & Struggles International by 1.7% in the first quarter. Exchange Traded Concepts LLC now owns 28,545 shares of the business services provider's stock worth $1,223,000 after acquiring an additional 478 shares during the last quarter. Institutional investors and hedge funds own 90.13% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on HSII. 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. Wall Street Zen raised Heidrick & Struggles International from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Finally, Barrington Research reissued an "outperform" rating and issued a $52.00 price target on shares of Heidrick & Struggles International in a report on Friday, June 13th.

Heidrick & Struggles International Stock Performance

Shares of Heidrick & Struggles International stock traded up $1.13 on Wednesday, reaching $49.17. 52,433 shares of the company were exchanged, compared to its average volume of 132,337. Heidrick & Struggles International, Inc. has a 1-year low of $35.54 and a 1-year high of $51.24. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 30.92, a P/E/G ratio of 0.92 and a beta of 1.06. The company's 50-day moving average is $45.41 and its two-hundred day moving average is $43.51.

Heidrick & Struggles International (NASDAQ:HSII - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The business services provider reported $0.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.74 by $0.11. The firm had revenue of $317.25 million during the quarter, compared to analyst estimates of $292.94 million. Heidrick & Struggles International had a return on equity of 14.85% and a net margin of 2.92%. As a group, sell-side analysts forecast that Heidrick & Struggles International, Inc. will post 2.68 earnings per share for the current year.

Heidrick & Struggles International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $0.60 annualized dividend and a dividend yield of 1.2%. Heidrick & Struggles International's dividend payout ratio (DPR) 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.