Empowered Funds LLC Raises Stake in Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Empowered Funds LLC boosted its holdings in Heidrick & Struggles International, Inc. (NASDAQ:HSII) by 43.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 185,273 shares of the business services provider’s stock after buying an additional 56,047 shares during the period. Empowered Funds LLC owned approximately 0.91% of Heidrick & Struggles International worth $7,200,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HSII. Royce & Associates LP increased its position in shares of Heidrick & Struggles International by 34.2% in the third quarter. Royce & Associates LP now owns 30,775 shares of the business services provider’s stock worth $1,196,000 after acquiring an additional 7,851 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Heidrick & Struggles International by 218.3% in the 3rd quarter. Victory Capital Management Inc. now owns 18,159 shares of the business services provider’s stock valued at $706,000 after purchasing an additional 12,454 shares in the last quarter. Versor Investments LP purchased a new position in Heidrick & Struggles International in the third quarter valued at about $339,000. Summit Global Investments acquired a new position in shares of Heidrick & Struggles International during the third quarter worth about $631,000. Finally, Principal Financial Group Inc. boosted its position in shares of Heidrick & Struggles International by 8.6% in the third quarter. Principal Financial Group Inc. now owns 108,485 shares of the business services provider’s stock worth $4,216,000 after buying an additional 8,617 shares during the period. 90.13% of the stock is owned by institutional investors and hedge funds.

Heidrick & Struggles International Stock Down 3.4 %

Shares of HSII opened at $44.78 on Friday. Heidrick & Struggles International, Inc. has a 52-week low of $26.52 and a 52-week high of $49.02. The firm has a market cap of $913.96 million, a price-to-earnings ratio of 24.21, a PEG ratio of 1.10 and a beta of 0.85. The business’s 50 day moving average is $39.51 and its two-hundred day moving average is $36.36.

Heidrick & Struggles International (NASDAQ:HSII) last posted its quarterly earnings data on Monday, November 4th. The business services provider reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.04. The firm had revenue of $282.82 million for the quarter, compared to the consensus estimate of $267.65 million. Heidrick & Struggles International had a net margin of 3.53% and a return on equity of 12.38%. During the same period in the prior year, the firm posted $0.73 EPS. On average, equities analysts expect that Heidrick & Struggles International, Inc. will post 2.67 earnings per share for the current fiscal year.

Heidrick & Struggles International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 14th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.34%. The ex-dividend date is Thursday, November 14th. Heidrick & Struggles International’s dividend payout ratio is currently 32.43%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. StockNews.com raised Heidrick & Struggles International from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Truist Financial restated a “hold” rating and issued a $40.00 target price (up from $33.00) on shares of Heidrick & Struggles International in a research note on Tuesday, November 5th. Finally, Barrington Research reiterated an “outperform” rating and issued a $44.00 price objective on shares of Heidrick & Struggles International in a report on Friday, September 20th.

About Heidrick & Struggles International

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.