Heidrick & Struggles International, Inc. (NASDAQ:HSII) Shares Acquired by LSV Asset Management

Key Points

• LSV Asset Management increased its stake in Heidrick & Struggles International by 6.3% in the first quarter, owning approximately 1.27% of the company, valued at $11.25 million.
• Heidrick & Struggles International reported earnings of $0.85 per share for the last quarter, exceeding analyst expectations of $0.74, and generated revenue of $317.25 million.
• The company declared a quarterly dividend of $0.15 per share, set to be paid on August 28th, reflecting a 1.3% dividend yield.

LSV Asset Management lifted its holdings in shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII - Free Report) by 6.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 262,675 shares of the business services provider's stock after buying an additional 15,547 shares during the period. LSV Asset Management owned approximately 1.27% of Heidrick & Struggles International worth $11,250,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. SummerHaven Investment Management LLC lifted its position in 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 purchasing an additional 310 shares during the period. Hohimer Wealth Management LLC increased its holdings in Heidrick & Struggles International by 5.4% in the first quarter. Hohimer Wealth Management LLC now owns 6,922 shares of the business services provider's stock valued at $296,000 after buying an additional 353 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in 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 valued at $507,000 after buying an additional 365 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in 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 valued at $1,532,000 after buying an additional 400 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its holdings in 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 valued at $1,223,000 after buying an additional 478 shares in the last quarter. Institutional investors and hedge funds own 90.13% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Truist Financial increased their target price on shares of Heidrick & Struggles International from $44.00 to $46.00 and gave the company a "hold" rating in a report on Friday, June 20th. Barrington Research reissued an "outperform" rating and set a $52.00 price objective on shares of Heidrick & Struggles International in a research note on Friday, June 13th.

Heidrick & Struggles International Stock Performance

NASDAQ HSII traded down $0.32 during mid-day trading on Thursday, reaching $45.39. 135,006 shares of the stock were exchanged, compared to its average volume of 133,498. Heidrick & Struggles International, Inc. has a 1-year low of $35.38 and a 1-year high of $51.24. The business's fifty day simple moving average is $45.21 and its 200 day simple moving average is $43.53. The stock has a market capitalization of $935.99 million, a PE ratio of 28.55, a PEG ratio of 0.99 and a beta of 1.06.

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

Heidrick & Struggles International Dividend Announcement

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