Heidrick & Struggles International (NASDAQ:HSII) Stock Price Up 6.9% After Analyst Upgrade

Heidrick & Struggles International, Inc. (NASDAQ:HSII - Get Free Report) was up 6.9% on Wednesday after Truist Financial raised their price target on the stock from $30.00 to $33.00. Truist Financial currently has a hold rating on the stock. Heidrick & Struggles International traded as high as $31.50 and last traded at $31.46. Approximately 187,391 shares were traded during trading, an increase of 40% from the average daily volume of 133,772 shares. The stock had previously closed at $29.42.

Several other brokerages have also weighed in on HSII. TheStreet upgraded Heidrick & Struggles International from a "c+" rating to a "b-" rating in a report on Monday, February 12th. StockNews.com upgraded shares of Heidrick & Struggles International from a "hold" rating to a "buy" rating in a research report on Tuesday, March 12th. Finally, Barrington Research reiterated an "outperform" rating and issued a $40.00 target price on shares of Heidrick & Struggles International in a report on Monday, March 4th.

Hedge Funds Weigh In On Heidrick & Struggles International

A number of institutional investors have recently bought and sold shares of the stock. AJOVista LLC acquired a new stake in shares of Heidrick & Struggles International during the fourth quarter worth approximately $51,000. Quantbot Technologies LP raised its holdings in shares of Heidrick & Struggles International by 559.4% during the 3rd quarter. Quantbot Technologies LP now owns 3,554 shares of the business services provider's stock valued at $89,000 after purchasing an additional 3,015 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in Heidrick & Struggles International by 1,382.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 3,824 shares of the business services provider's stock worth $129,000 after buying an additional 3,566 shares during the last quarter. Everence Capital Management Inc. bought a new position in Heidrick & Struggles International during the first quarter valued at about $212,000. Finally, Maryland State Retirement & Pension System acquired a new stake in shares of Heidrick & Struggles International in the fourth quarter worth about $218,000. Hedge funds and other institutional investors own 90.13% of the company's stock.

Heidrick & Struggles International Stock Performance

The company has a market cap of $642.68 million, a P/E ratio of 12.00, a P/E/G ratio of 0.77 and a beta of 0.88. The firm has a 50 day moving average price of $31.58 and a 200-day moving average price of $29.23.

Heidrick & Struggles International (NASDAQ:HSII - Get Free Report) last released its quarterly earnings results on Monday, February 26th. The business services provider reported $0.72 EPS for the quarter, beating analysts' consensus estimates of $0.69 by $0.03. Heidrick & Struggles International had a net margin of 5.23% and a return on equity of 13.81%. The company had revenue of $253.16 million for the quarter, compared to analyst estimates of $248.17 million. On average, sell-side analysts forecast that Heidrick & Struggles International, Inc. will post 2.41 EPS for the current fiscal year.

Heidrick & Struggles International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, May 16th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.89%. The ex-dividend date is Wednesday, May 15th. Heidrick & Struggles International's dividend payout ratio is currently 22.64%.

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.