Heidrick & Struggles International (NASDAQ:HSII) Hits New 1-Year High After Better-Than-Expected Earnings

Key Points

• Heidrick & Struggles International reached a new 52-week high of $51.24 following a strong earnings report, with an EPS of $0.85 beating estimates of $0.74.
• The company declared a quarterly dividend of $0.15 per share, yielding 1.3%, with a payout ratio of 171.43%.
• Research analysts have set price targets for HSII shares, with Barrington Research giving a target of $52.00 and Truist Financial raising their target from $44.00 to $46.00.

Heidrick & Struggles International, Inc. (NASDAQ:HSII - Get Free Report) hit a new 52-week high during trading on Tuesday following a better than expected earnings announcement. The company traded as high as $51.24 and last traded at $47.43, with a volume of 7876 shares. The stock had previously closed at $43.52.

The business services provider reported $0.85 EPS for the quarter, topping the consensus estimate of $0.74 by $0.11. The business had revenue of $317.25 million during the quarter, compared to the consensus estimate of $292.94 million. Heidrick & Struggles International had a return on equity of 14.85% and a net margin of 2.92%.

Heidrick & Struggles International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th will be issued a dividend of $0.15 per share. The ex-dividend date 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 Analyst Weigh In

A number of brokerages have recently commented on HSII. Truist Financial boosted their price target on 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 target on shares of Heidrick & Struggles International in a research report on Friday, June 13th. Finally, Wall Street Zen raised Heidrick & Struggles International from a "buy" rating to a "strong-buy" rating in a research report on Saturday.

Institutional Investors Weigh In On Heidrick & Struggles International

A number of large investors have recently added to or reduced their stakes in HSII. Corvex Management LP acquired a new stake in Heidrick & Struggles International during the first quarter worth approximately $42,935,000. Nuveen LLC bought a new stake in Heidrick & Struggles International during the first quarter worth $7,622,000. JPMorgan Chase & Co. lifted its stake in Heidrick & Struggles International by 398.7% during the fourth quarter. JPMorgan Chase & Co. now owns 200,982 shares of the business services provider's stock worth $8,906,000 after purchasing an additional 160,677 shares during the last quarter. American Century Companies Inc. lifted its stake in Heidrick & Struggles International by 50.5% during the first quarter. American Century Companies Inc. now owns 432,731 shares of the business services provider's stock worth $18,534,000 after purchasing an additional 145,162 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Heidrick & Struggles International in the 4th quarter valued at $3,752,000. Institutional investors and hedge funds own 90.13% of the company's stock.

Heidrick & Struggles International Trading Down 0.3%

The company has a market capitalization of $938.28 million, a P/E ratio of 28.45, a PEG ratio of 0.92 and a beta of 1.06. The stock has a 50 day moving average price of $45.28 and a 200 day moving average price of $43.52.

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.