Heidrick & Struggles International (NASDAQ:HSII) Hits New 1-Year High Following Earnings Beat

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)'s share price reached a new 52-week high during mid-day trading on Tuesday following a better than expected earnings announcement. The stock traded as high as $51.24 and last traded at $47.43, with a volume of 7876 shares traded. The stock had previously closed at $43.52.

The business services provider reported $0.85 earnings per share for the quarter, beating analysts' consensus estimates of $0.74 by $0.11. The business had revenue of $317.25 million for 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. Stockholders of record on Thursday, August 14th will be given 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 37.74%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on HSII. Truist Financial boosted their target price on shares of 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 reaffirmed an "outperform" rating and set a $52.00 price objective on shares of Heidrick & Struggles International in a research note on Friday, June 13th.

Institutional Trading of Heidrick & Struggles International

A number of large investors have recently made changes to their positions in HSII. Atlantic Union Bankshares Corp bought a new position in shares of Heidrick & Struggles International in the 2nd quarter valued at about $101,000. Bank of New York Mellon Corp boosted its position in Heidrick & Struggles International by 0.3% during the second quarter. Bank of New York Mellon Corp now owns 210,005 shares of the business services provider's stock valued at $9,610,000 after purchasing an additional 703 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in Heidrick & Struggles International in the second quarter valued at approximately $247,000. Nisa Investment Advisors LLC increased its position in shares of Heidrick & Struggles International by 38.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 846 shares of the business services provider's stock worth $39,000 after purchasing an additional 237 shares during the last quarter. Finally, AlphaQuest LLC bought a new stake in shares of Heidrick & Struggles International during the 2nd quarter worth approximately $618,000. Institutional investors own 90.13% of the company's stock.

Heidrick & Struggles International Stock Performance

The firm has a fifty day moving average price of $45.25 and a 200 day moving average price of $43.53. The company has a market cap of $941.39 million, a price-to-earnings ratio of 28.55, a P/E/G ratio of 0.92 and a beta of 1.06.

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.