Geode Capital Management LLC Has $19.26 Million Stock Holdings in Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Geode Capital Management LLC increased its position in shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII) by 3.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 495,513 shares of the business services provider’s stock after purchasing an additional 18,771 shares during the quarter. Geode Capital Management LLC’s holdings in Heidrick & Struggles International were worth $19,259,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Victory Capital Management Inc. boosted its position in Heidrick & Struggles International by 7.5% in the second quarter. Victory Capital Management Inc. now owns 5,705 shares of the business services provider’s stock valued at $180,000 after buying an additional 396 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Heidrick & Struggles International by 1.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 34,170 shares of the business services provider’s stock worth $1,328,000 after acquiring an additional 427 shares in the last quarter. Keene & Associates Inc. boosted its holdings in shares of Heidrick & Struggles International by 4.8% in the 2nd quarter. Keene & Associates Inc. now owns 9,565 shares of the business services provider’s stock worth $302,000 after acquiring an additional 435 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Heidrick & Struggles International by 7.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,738 shares of the business services provider’s stock worth $244,000 after acquiring an additional 510 shares during the last quarter. Finally, Quest Partners LLC acquired a new stake in Heidrick & Struggles International during the 3rd quarter valued at $30,000. Institutional investors and hedge funds own 90.13% of the company’s stock.

Heidrick & Struggles International Price Performance

HSII opened at $44.27 on Friday. Heidrick & Struggles International, Inc. has a fifty-two week low of $26.52 and a fifty-two week high of $49.02. The company has a market cap of $903.51 million, a price-to-earnings ratio of 23.93, a price-to-earnings-growth ratio of 1.07 and a beta of 0.88. The firm has a 50 day simple moving average of $44.17 and a 200 day simple moving average of $38.78.

Heidrick & Struggles International (NASDAQ:HSII) last posted its quarterly earnings results on Monday, November 4th. The business services provider reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.04. Heidrick & Struggles International had a return on equity of 12.38% and a net margin of 3.53%. The company had revenue of $282.82 million for the quarter, compared to the consensus estimate of $267.65 million. During the same quarter in the prior year, the business posted $0.73 EPS. As a group, analysts expect that Heidrick & Struggles International, Inc. will post 2.68 EPS for the current year.

Heidrick & Struggles International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date was Thursday, November 14th. Heidrick & Struggles International’s dividend payout ratio is currently 32.43%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on HSII shares. Barrington Research lifted their price target on Heidrick & Struggles International from $44.00 to $50.00 and gave the company an “outperform” rating in a report on Monday, December 2nd. Truist Financial reaffirmed a “hold” rating and issued a $42.00 target price (up from $40.00) on shares of Heidrick & Struggles International in a research note on Wednesday, December 4th. Finally, StockNews.com upgraded shares of Heidrick & Struggles International from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th.

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.