Heidrick & Struggles International (NASDAQ:HSII) Sets New 52-Week High – Time to Buy?

Heidrick & Struggles International, Inc. (NASDAQ:HSII) reached a new 52-week high on Monday . The stock traded as high as $58.89 and last traded at $58.80, with a volume of 466106 shares changing hands. The stock had previously closed at $58.81.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Heidrick & Struggles International in a research note on Wednesday, October 8th. Truist Financial boosted their target price on Heidrick & Struggles International from $48.00 to $59.00 and gave the company a “hold” rating in a report on Monday, October 6th. Wall Street Zen raised shares of Heidrick & Struggles International from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 9th. Finally, Barrington Research set a $59.00 target price on Heidrick & Struggles International in a report on Thursday, October 9th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Heidrick & Struggles International has an average rating of “Hold” and an average price target of $59.00.

Heidrick & Struggles International Price Performance

The company has a 50-day moving average of $56.00 and a two-hundred day moving average of $49.62. The stock has a market capitalization of $1.22 billion, a PE ratio of 36.98, a P/E/G ratio of 1.15 and a beta of 1.10.

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

Heidrick & Struggles International Dividend Announcement

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

Institutional Investors Weigh In On Heidrick & Struggles International

Institutional investors and hedge funds have recently made changes to their positions in the company. Corvex Management LP bought a new stake in shares of Heidrick & Struggles International in the 1st quarter worth approximately $42,935,000. Nuveen LLC bought a new position in shares of Heidrick & Struggles International in the first quarter valued at $7,622,000. American Century Companies Inc. lifted its holdings in shares of Heidrick & Struggles International by 50.5% during the first quarter. American Century Companies Inc. now owns 432,731 shares of the business services provider’s stock valued at $18,534,000 after purchasing an additional 145,162 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Heidrick & Struggles International by 52.8% during the third quarter. JPMorgan Chase & Co. now owns 336,498 shares of the business services provider’s stock valued at $16,748,000 after buying an additional 116,275 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new position in Heidrick & Struggles International in the 3rd quarter worth approximately $5,044,000. 90.13% of the stock is owned by institutional investors and hedge funds.

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.