LSV Asset Management Buys 15,547 Shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII)

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 Heidrick & Struggles International, Inc. (NASDAQ:HSII - Free Report) by 6.3% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund 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 reporting period.

Several other institutional investors also recently modified their holdings of the business. KLP Kapitalforvaltning AS bought a new stake in shares of Heidrick & Struggles International in the 4th quarter worth approximately $173,000. Bailard Inc. purchased a new stake in Heidrick & Struggles International in the first quarter worth $214,000. Gallacher Capital Management LLC bought a new stake in shares of Heidrick & Struggles International in the first quarter valued at $231,000. ProShare Advisors LLC purchased a new position in shares of Heidrick & Struggles International during the 4th quarter valued at $269,000. Finally, Hohimer Wealth Management LLC grew its stake in shares of Heidrick & Struggles International by 5.4% during the 1st quarter. Hohimer Wealth Management LLC now owns 6,922 shares of the business services provider's stock worth $296,000 after acquiring an additional 353 shares during the period. 90.13% of the stock is owned by institutional investors.

Heidrick & Struggles International Price Performance

Shares of NASDAQ:HSII traded down $0.06 during trading on Friday, hitting $45.34. 35,757 shares of the company were exchanged, compared to its average volume of 132,832. Heidrick & Struggles International, Inc. has a 52-week low of $35.38 and a 52-week high of $51.24. The stock has a 50 day moving average of $45.25 and a 200 day moving average of $43.53. The company has a market cap 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 issued its quarterly earnings data 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. The business had revenue of $317.25 million for the quarter, compared to analysts' expectations of $292.94 million. Heidrick & Struggles International had a return on equity of 14.85% and a net margin of 2.92%. Sell-side analysts forecast that Heidrick & Struggles International, Inc. will post 2.68 EPS for the current fiscal year.

Heidrick & Struggles International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Investors 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 yield of 1.3%. Heidrick & Struggles International's payout ratio is currently 37.74%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on HSII shares. Truist Financial boosted their price objective 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. Barrington Research reissued an "outperform" rating and issued a $52.00 price target on shares of Heidrick & Struggles International in a research report on Friday, June 13th.

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.