Jupiter Asset Management Ltd. Buys Shares of 7,999 Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Key Points

• Jupiter Asset Management Ltd. has invested approximately $343,000 in Heidrick & Struggles International, acquiring 7,999 shares of the company.
• The company reported earnings per share of $0.85, exceeding analysts' expectations, along with a revenue of $317.25 million for the quarter.
• Heidrick & Struggles International announced a quarterly dividend of $0.15 per share, resulting in an annual yield of 1.3% and a payout ratio of 171.43%.

Jupiter Asset Management Ltd. bought a new position in shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,999 shares of the business services provider's stock, valued at approximately $343,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position 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 valued at $67,248,000 after acquiring an additional 14,035 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Heidrick & Struggles International by 3.7% during the fourth quarter. Renaissance Technologies LLC now owns 1,106,640 shares of the business services provider's stock worth $49,035,000 after purchasing an additional 39,800 shares during the period. LSV Asset Management lifted its holdings in shares of Heidrick & Struggles International by 6.3% during the first quarter. LSV Asset Management now owns 262,675 shares of the business services provider's stock valued at $11,250,000 after purchasing an additional 15,547 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Heidrick & Struggles International by 9.5% during the fourth 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 during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its position in shares of Heidrick & Struggles International by 1.7% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 228,645 shares of the business services provider's stock valued at $10,131,000 after purchasing an additional 3,868 shares during the period. Institutional investors and hedge funds own 90.13% of the company's stock.

Heidrick & Struggles International Trading Down 0.1%

NASDAQ HSII traded down $0.06 during trading on Friday, reaching $45.34. 35,757 shares of the company's stock were exchanged, compared to its average volume of 132,832. Heidrick & Struggles International, Inc. has a fifty-two week low of $35.38 and a fifty-two week high of $51.24. The company's fifty day simple moving average is $45.25 and its 200-day simple moving average is $43.53. The firm has a market capitalization of $940.25 million, a PE ratio of 28.51, a P/E/G ratio of 0.92 and a beta of 1.06.

Heidrick & Struggles International (NASDAQ:HSII - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The business services provider reported $0.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analyst estimates of $292.94 million. Equities analysts forecast that Heidrick & Struggles International, Inc. will post 2.68 EPS for the current fiscal year.

Heidrick & Struggles International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Thursday, August 14th. Heidrick & Struggles International's payout ratio is currently 37.74%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Truist Financial raised their target price on shares of Heidrick & Struggles International from $44.00 to $46.00 and gave the stock a "hold" rating in a report on Friday, June 20th. Barrington Research reiterated an "outperform" rating and set a $52.00 price objective on shares of Heidrick & Struggles International in a research report on Friday, June 13th.

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.