Heidrick & Struggles International (NASDAQ:HSII) Hits New 12-Month High - Here's Why

Heidrick & Struggles International, Inc. (NASDAQ:HSII - Get Free Report) hit a new 52-week high during trading on Thursday . The stock traded as high as $49.02 and last traded at $48.78, with a volume of 7465 shares trading hands. The stock had previously closed at $48.44.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Truist Financial raised their price objective 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 restated an "outperform" rating and set a $52.00 target price on shares of Heidrick & Struggles International in a report on Friday, June 13th.

Heidrick & Struggles International Stock Performance

The company has a 50-day moving average of $44.08 and a 200-day moving average of $43.38. The stock has a market capitalization of $966.25 million, a price-to-earnings ratio of 133.89, a P/E/G ratio of 1.02 and a beta of 1.02.

Heidrick & Struggles International (NASDAQ:HSII - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The business services provider reported $0.67 earnings per share for the quarter, hitting the consensus estimate of $0.67. Heidrick & Struggles International had a return on equity of 14.23% and a net margin of 0.71%. The company had revenue of $287.44 million during the quarter, compared to the consensus estimate of $267.42 million. As a group, analysts expect that Heidrick & Struggles International, Inc. will post 2.68 earnings per share for the current year.

Heidrick & Struggles International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th were given a $0.15 dividend. The ex-dividend date was Thursday, May 15th. This represents a $0.60 annualized dividend and a dividend yield of 1.28%. Heidrick & Struggles International's dividend payout ratio is currently 171.43%.

Institutional Trading of Heidrick & Struggles International

Several institutional investors and hedge funds have recently made changes to their positions in HSII. KLP Kapitalforvaltning AS purchased a new stake in shares of Heidrick & Struggles International in the fourth quarter valued at $173,000. Bailard Inc. purchased a new stake in shares of Heidrick & Struggles International in the first quarter valued at $214,000. Gallacher Capital Management LLC purchased a new stake in shares of Heidrick & Struggles International in the first quarter valued at $231,000. ProShare Advisors LLC purchased a new stake in shares of Heidrick & Struggles International in the fourth quarter valued at $269,000. Finally, Hohimer Wealth Management LLC lifted its position in shares of 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 acquiring an additional 353 shares in the last quarter. 90.13% of the stock is currently owned by hedge funds and other institutional investors.

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.