Heidrick & Struggles International (NASDAQ:HSII) Reaches New 52-Week High – Still a Buy?

Heidrick & Struggles International, Inc. (NASDAQ:HSII) reached a new 52-week high on Monday . The company traded as high as $58.94 and last traded at $58.8950, with a volume of 20654 shares changing hands. The stock had previously closed at $58.87.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Heidrick & Struggles International in a research report on Wednesday, October 8th. Barrington Research set a $59.00 price target on Heidrick & Struggles International in a research note on Thursday, October 9th. Wall Street Zen upgraded Heidrick & Struggles International from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 9th. Finally, Truist Financial lifted their price objective 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 equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $59.00.

Heidrick & Struggles International Price Performance

The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 37.04, a price-to-earnings-growth ratio of 1.15 and a beta of 1.10. The firm’s fifty day moving average is $56.69 and its 200-day moving average is $50.06.

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

Heidrick & Struggles International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders 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 payout ratio is presently 35.09%.

Hedge Funds Weigh In On Heidrick & Struggles International

Institutional investors and hedge funds have recently modified their holdings of the business. Compagnie Lombard Odier SCmA bought a new position in shares of Heidrick & Struggles International during the third quarter valued at approximately $25,000. EverSource Wealth Advisors LLC increased its position in Heidrick & Struggles International by 1,553.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 678 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 637 shares during the period. CWM LLC raised its holdings in Heidrick & Struggles International by 375.2% in the 2nd quarter. CWM LLC now owns 784 shares of the business services provider’s stock worth $36,000 after purchasing an additional 619 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in Heidrick & Struggles International by 38.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 846 shares of the business services provider’s stock worth $39,000 after purchasing an additional 237 shares in the last quarter. Finally, Quarry LP purchased a new stake in shares of Heidrick & Struggles International in the 3rd quarter worth about $40,000. 90.13% of the stock is currently owned by institutional investors.

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.