Heidrick & Struggles International (NASDAQ:HSII) Hits New 52-Week High – Should You Buy?

Heidrick & Struggles International, Inc. (NASDAQ:HSII)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $58.89 and last traded at $58.80, with a volume of 466106 shares traded. The stock had previously closed at $58.81.

Analyst Ratings Changes

HSII has been the subject of a number of research reports. Barrington Research set a $59.00 target price on shares of Heidrick & Struggles International in a research report on Thursday, October 9th. Weiss Ratings reissued a “hold (c+)” rating on shares of Heidrick & Struggles International in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Heidrick & Struggles International from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 9th. Finally, Truist Financial upped their target price on Heidrick & Struggles International from $48.00 to $59.00 and gave the stock a “hold” rating in a research note on Monday, October 6th. Three analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $59.00.

Heidrick & Struggles International Price Performance

The stock has a market cap of $1.22 billion, a PE ratio of 36.98, a PEG ratio of 1.15 and a beta of 1.10. The company has a 50 day moving average price of $56.00 and a two-hundred day moving average price of $49.62.

Heidrick & Struggles International (NASDAQ:HSII) last issued its quarterly earnings data on Monday, November 3rd. The business services provider reported $0.83 EPS for the quarter, topping the consensus estimate of $0.76 by $0.07. Heidrick & Struggles International had a return on equity of 14.85% and a net margin of 2.92%.The company had revenue of $327.90 million during the quarter, compared to analyst estimates of $305.19 million. As a group, equities analysts predict that Heidrick & Struggles International, Inc. will post 2.68 earnings per share for the current fiscal year.

Heidrick & Struggles International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Thursday, November 13th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Thursday, November 13th. Heidrick & Struggles International’s dividend payout ratio (DPR) is presently 35.09%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of HSII. Vanguard Group Inc. lifted its holdings in shares of Heidrick & Struggles International by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 1,536,068 shares of the business services provider’s stock valued at $76,450,000 after purchasing an additional 9,349 shares during the last quarter. Corvex Management LP purchased a new stake in Heidrick & Struggles International in the 1st quarter worth $42,935,000. American Century Companies Inc. lifted its position in shares of Heidrick & Struggles International by 14.9% in the third quarter. American Century Companies Inc. now owns 635,768 shares of the business services provider’s stock valued at $31,642,000 after acquiring an additional 82,633 shares in the last quarter. Geode Capital Management LLC boosted its stake in Heidrick & Struggles International by 5.9% during the 2nd quarter. Geode Capital Management LLC now owns 541,396 shares of the business services provider’s stock worth $24,777,000 after purchasing an additional 30,347 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Heidrick & Struggles International by 52.8% in the third quarter. JPMorgan Chase & Co. now owns 336,498 shares of the business services provider’s stock valued at $16,748,000 after purchasing an additional 116,275 shares in the last quarter. Institutional investors own 90.13% of the company’s stock.

About Heidrick & Struggles International

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.