Heidrick & Struggles International (NASDAQ:HSII) Sees Large Volume Increase – Here’s Why

Heidrick & Struggles International, Inc. (NASDAQ:HSII) saw an uptick in trading volume on Tuesday . 450,811 shares were traded during mid-day trading, an increase of 137% from the previous session’s volume of 190,605 shares.The stock last traded at $59.0050 and had previously closed at $58.97.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Truist Financial increased their target price on shares of Heidrick & Struggles International from $48.00 to $59.00 and gave the company a “hold” rating in a research report on Monday, October 6th. Barrington Research set a $59.00 price target on shares of Heidrick & Struggles International in a research report on Thursday, October 9th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Heidrick & Struggles International in a research report on Wednesday, October 8th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Heidrick & Struggles International has an average rating of “Hold” and a consensus target price of $59.00.

Heidrick & Struggles International Stock Up 0.1%

The company has a 50 day moving average of $58.19 and a 200 day moving average of $50.90. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 34.51, a PEG ratio of 1.13 and a beta of 1.08.

Heidrick & Struggles International (NASDAQ:HSII) last posted its earnings results on Monday, November 3rd. The business services provider reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.07. Heidrick & Struggles International had a net margin of 3.04% and a return on equity of 15.18%. The firm had revenue of $327.90 million during the quarter, compared to analyst estimates of $305.19 million. As a group, equities research analysts expect that Heidrick & Struggles International, Inc. will post 2.68 earnings per share for the current fiscal year.

Heidrick & Struggles International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Thursday, November 13th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Thursday, November 13th. Heidrick & Struggles International’s dividend payout ratio is currently 35.09%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Illinois Municipal Retirement Fund lifted its holdings in Heidrick & Struggles International by 1.6% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 11,100 shares of the business services provider’s stock valued at $552,000 after purchasing an additional 171 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of Heidrick & Struggles International by 38.9% in the second quarter. Nisa Investment Advisors LLC now owns 846 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 237 shares during the period. Amalgamated Bank lifted its stake in shares of Heidrick & Struggles International by 4.1% during the 3rd quarter. Amalgamated Bank now owns 6,058 shares of the business services provider’s stock worth $302,000 after buying an additional 241 shares during the last quarter. Martingale Asset Management L P boosted its holdings in shares of Heidrick & Struggles International by 0.6% during the 1st quarter. Martingale Asset Management L P now owns 57,478 shares of the business services provider’s stock worth $2,462,000 after buying an additional 330 shares during the period. Finally, SummerHaven Investment Management LLC grew its stake in Heidrick & Struggles International by 1.5% in the 2nd quarter. SummerHaven Investment Management LLC now owns 25,588 shares of the business services provider’s stock valued at $1,171,000 after buying an additional 372 shares during the last quarter. Institutional investors own 90.13% of the company’s stock.

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.