Heidrick & Struggles International, Inc. (NASDAQ:HSII) Sees Significant Decline in Short Interest

Heidrick & Struggles International, Inc. (NASDAQ:HSII - Get Free Report) was the recipient of a large decrease in short interest during the month of April. As of April 30th, there was short interest totalling 249,500 shares, a decrease of 36.6% from the April 15th total of 393,300 shares. Based on an average daily volume of 138,100 shares, the short-interest ratio is presently 1.8 days.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on HSII shares. Truist Financial upped their price objective on shares of Heidrick & Struggles International from $30.00 to $33.00 and gave the company a "hold" rating in a report on Tuesday, May 7th. StockNews.com upgraded shares of Heidrick & Struggles International from a "hold" rating to a "buy" rating in a research note on Tuesday, March 12th. TheStreet raised Heidrick & Struggles International from a "c+" rating to a "b-" rating in a research report on Monday, February 12th. Finally, Barrington Research reaffirmed an "outperform" rating and set a $40.00 price target on shares of Heidrick & Struggles International in a research report on Monday, March 4th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Teacher Retirement System of Texas boosted its stake in shares of Heidrick & Struggles International by 3.8% during the 3rd quarter. Teacher Retirement System of Texas now owns 15,044 shares of the business services provider's stock worth $376,000 after acquiring an additional 548 shares in the last quarter. LSV Asset Management grew its holdings in Heidrick & Struggles International by 4.0% in the third quarter. LSV Asset Management now owns 305,767 shares of the business services provider's stock valued at $7,650,000 after purchasing an additional 11,838 shares during the period. Assenagon Asset Management S.A. increased its position in shares of Heidrick & Struggles International by 77.4% in the third quarter. Assenagon Asset Management S.A. now owns 297,188 shares of the business services provider's stock valued at $7,436,000 after buying an additional 129,644 shares in the last quarter. Illinois Municipal Retirement Fund acquired a new position in shares of Heidrick & Struggles International during the 3rd quarter worth approximately $308,000. Finally, Jump Financial LLC purchased a new position in shares of Heidrick & Struggles International during the 3rd quarter valued at approximately $268,000. 90.13% of the stock is currently owned by hedge funds and other institutional investors.

Heidrick & Struggles International Trading Up 2.7 %

NASDAQ HSII traded up $0.88 on Friday, hitting $33.22. 154,592 shares of the company's stock traded hands, compared to its average volume of 116,961. The firm's 50-day moving average price is $31.53 and its two-hundred day moving average price is $29.41. The firm has a market capitalization of $672.71 million, a PE ratio of 12.98, a P/E/G ratio of 0.87 and a beta of 0.88. Heidrick & Struggles International has a 1-year low of $22.52 and a 1-year high of $35.38.

Heidrick & Struggles International (NASDAQ:HSII - Get Free Report) last posted its earnings results on Monday, February 26th. The business services provider reported $0.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.69 by $0.03. The company had revenue of $253.16 million during the quarter, compared to the consensus estimate of $248.17 million. Heidrick & Struggles International had a net margin of 4.95% and a return on equity of 13.10%. On average, research analysts anticipate that Heidrick & Struggles International will post 2.38 earnings per share for the current fiscal year.

Heidrick & Struggles International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Thursday, May 16th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend is Wednesday, May 15th. Heidrick & Struggles International's dividend payout ratio (DPR) is 23.44%.

Heidrick & Struggles International Company Profile

Heidrick & Struggles International, Inc, together with its subsidiaries, provides executive search, consulting, and on-demand talent services to businesses and business leaders worldwide. It enables its clients to build leadership teams by facilitating the recruitment, management, and development of senior executives.