Heidrick & Struggles International (NASDAQ:HSII) Shares Gap Down – Should You Sell?

Heidrick & Struggles International, Inc. (NASDAQ:HSII) gapped down prior to trading on Tuesday . The stock had previously closed at $44.90, but opened at $43.51. Heidrick & Struggles International shares last traded at $44.19, with a volume of 8,479 shares trading hands.

Wall Street Analysts Forecast Growth

HSII has been the topic of several analyst reports. Truist Financial restated a “hold” rating and issued a $40.00 price objective (up from $33.00) on shares of Heidrick & Struggles International in a report on Tuesday, November 5th. StockNews.com upgraded Heidrick & Struggles International from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $44.00 price target on shares of Heidrick & Struggles International in a report on Friday, September 20th.

Heidrick & Struggles International Trading Down 0.6 %

The stock has a market capitalization of $910.90 million, a price-to-earnings ratio of 24.27, a PEG ratio of 1.05 and a beta of 0.85. The company’s 50-day simple moving average is $39.68 and its 200-day simple moving average is $36.52.

Heidrick & Struggles International (NASDAQ:HSII) last issued its quarterly earnings results on Monday, November 4th. The business services provider reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.04. The firm had revenue of $282.82 million for the quarter, compared to analyst estimates of $267.65 million. Heidrick & Struggles International had a return on equity of 12.38% and a net margin of 3.53%. During the same period in the previous year, the firm earned $0.73 earnings per share. On average, equities research analysts expect that Heidrick & Struggles International, Inc. will post 2.67 earnings per share for the current fiscal year.

Heidrick & Struggles International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 14th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.34%. The ex-dividend date is Thursday, November 14th. Heidrick & Struggles International’s dividend payout ratio (DPR) is presently 32.43%.

Institutional Investors Weigh In On Heidrick & Struggles International

Large investors have recently modified their holdings of the stock. Russell Investments Group Ltd. lifted its stake in shares of Heidrick & Struggles International by 158.6% during the 1st quarter. Russell Investments Group Ltd. now owns 115,663 shares of the business services provider’s stock valued at $3,893,000 after buying an additional 70,940 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Heidrick & Struggles International by 43.8% in the second quarter. American Century Companies Inc. now owns 46,621 shares of the business services provider’s stock worth $1,472,000 after acquiring an additional 14,209 shares during the period. Innealta Capital LLC purchased a new position in shares of Heidrick & Struggles International in the second quarter valued at $29,000. SG Americas Securities LLC raised its stake in shares of Heidrick & Struggles International by 82.1% during the 3rd quarter. SG Americas Securities LLC now owns 11,414 shares of the business services provider’s stock valued at $444,000 after purchasing an additional 5,145 shares during the period. Finally, Algert Global LLC increased its position in shares of Heidrick & Struggles International by 13.0% during the second quarter. Algert Global LLC now owns 54,100 shares of the business services provider’s stock valued at $1,708,000 after buying an additional 6,227 shares during the period. Hedge funds and other institutional investors own 90.13% of the company’s stock.

Heidrick & Struggles International Company Profile

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.