Heidrick & Struggles International (NASDAQ:HSII) Shares Gap Up After Earnings Beat

Posted by Defense World Staff on Apr 26th, 2023

Shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII – Get Rating) gapped up before the market opened on Tuesday after the company announced better than expected quarterly earnings. The stock had previously closed at $26.99, but opened at $28.50. Heidrick & Struggles International shares last traded at $27.35, with a volume of 35,647 shares.

The business services provider reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.14. The business had revenue of $235.72 million for the quarter, compared to analyst estimates of $224.98 million. Heidrick & Struggles International had a return on equity of 20.91% and a net margin of 7.34%.

Heidrick & Struggles International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 24th. Stockholders of record on Friday, March 10th were given a dividend of $0.15 per share. The ex-dividend date was Thursday, March 9th. This represents a $0.60 annualized dividend and a dividend yield of 2.42%. Heidrick & Struggles International’s dividend payout ratio (DPR) is presently 15.42%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on HSII. TheStreet upgraded Heidrick & Struggles International from a “c+” rating to a “b-” rating in a research note on Monday, February 6th. StockNews.com lowered Heidrick & Struggles International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 21st. Finally, Barrington Research lifted their target price on Heidrick & Struggles International from $38.00 to $40.00 and gave the stock an “outperform” rating in a report on Friday, March 24th.

Institutional Trading of Heidrick & Struggles International

Hedge funds and other institutional investors have recently bought and sold shares of the business. Brinker Capital Investments LLC boosted its holdings in Heidrick & Struggles International by 4.5% in the third quarter. Brinker Capital Investments LLC now owns 9,223 shares of the business services provider’s stock worth $240,000 after acquiring an additional 396 shares in the last quarter. Occudo Quantitative Strategies LP boosted its stake in shares of Heidrick & Struggles International by 6.4% in the second quarter. Occudo Quantitative Strategies LP now owns 6,751 shares of the business services provider’s stock worth $218,000 after acquiring an additional 409 shares during the last quarter. Citigroup Inc. boosted its stake in shares of Heidrick & Struggles International by 2.5% in the first quarter. Citigroup Inc. now owns 19,352 shares of the business services provider’s stock worth $766,000 after acquiring an additional 478 shares during the last quarter. New York State Common Retirement Fund boosted its stake in shares of Heidrick & Struggles International by 1.5% in the third quarter. New York State Common Retirement Fund now owns 32,356 shares of the business services provider’s stock worth $841,000 after acquiring an additional 484 shares during the last quarter. Finally, Cubic Asset Management LLC boosted its stake in shares of Heidrick & Struggles International by 6.9% in the third quarter. Cubic Asset Management LLC now owns 7,770 shares of the business services provider’s stock worth $202,000 after acquiring an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 90.33% of the company’s stock.

Heidrick & Struggles International Price Performance

The stock has a 50 day moving average price of $30.37 and a 200-day moving average price of $29.39. The stock has a market capitalization of $496.12 million, a price-to-earnings ratio of 6.37 and a beta of 0.83.

Heidrick & Struggles International Company Profile

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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.