Mackenzie Financial Corp Invests $591,000 in Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Mackenzie Financial Corp acquired a new position in Heidrick & Struggles International, Inc. (NASDAQ:HSII - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 13,330 shares of the business services provider's stock, valued at approximately $591,000. Mackenzie Financial Corp owned 0.07% of Heidrick & Struggles International as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in HSII. KLP Kapitalforvaltning AS acquired a new stake in Heidrick & Struggles International during the fourth quarter worth about $173,000. ProShare Advisors LLC acquired a new stake in Heidrick & Struggles International during the fourth quarter worth about $269,000. 4WEALTH Advisors Inc. acquired a new stake in Heidrick & Struggles International during the fourth quarter worth about $365,000. XTX Topco Ltd acquired a new stake in Heidrick & Struggles International during the fourth quarter worth about $405,000. Finally, ExodusPoint Capital Management LP acquired a new stake in Heidrick & Struggles International during the fourth quarter worth about $425,000. 90.13% of the stock is owned by institutional investors and hedge funds.

Heidrick & Struggles International Stock Performance

NASDAQ HSII traded up $0.46 during trading on Friday, reaching $44.12. 63,509 shares of the company traded hands, compared to its average volume of 150,471. The stock's 50 day moving average price is $41.21 and its two-hundred day moving average price is $43.44. The company has a market cap of $909.80 million, a price-to-earnings ratio of 23.85, a P/E/G ratio of 0.91 and a beta of 0.98. Heidrick & Struggles International, Inc. has a 1-year low of $30.20 and a 1-year high of $49.02.

Heidrick & Struggles International (NASDAQ:HSII - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The business services provider reported $0.67 earnings per share for the quarter, meeting analysts' consensus estimates of $0.67. The company had revenue of $287.44 million for the quarter, compared to the consensus estimate of $267.42 million. Heidrick & Struggles International had a return on equity of 12.38% and a net margin of 3.53%. Equities research analysts expect that Heidrick & Struggles International, Inc. will post 2.68 EPS for the current fiscal year.

Heidrick & Struggles International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date was Thursday, May 15th. Heidrick & Struggles International's payout ratio is 171.43%.

Analyst Ratings Changes

HSII has been the topic of a number of recent research reports. Barrington Research lifted their target price on Heidrick & Struggles International from $50.00 to $52.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 5th. Truist Financial lifted their target price on Heidrick & Struggles International from $42.00 to $44.00 and gave the stock a "hold" rating in a research report on Tuesday, April 15th.

About Heidrick & Struggles International

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.