Heidrick & Struggles International (NASDAQ:HSII) Shares Gap Down – Time to Sell?

Heidrick & Struggles International, Inc. (NASDAQ:HSII)’s stock price gapped down before the market opened 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.

Analysts Set New Price Targets

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

Heidrick & Struggles International Stock Performance

The company has a market cap of $910.90 million, a P/E ratio of 24.27, a price-to-earnings-growth ratio of 1.05 and a beta of 0.85. The firm’s 50 day moving average price is $39.68 and its two-hundred day moving average price is $36.52.

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

Heidrick & Struggles International Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its position in Heidrick & Struggles International by 1,382.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 3,824 shares of the business services provider’s stock valued at $129,000 after purchasing an additional 3,566 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in Heidrick & Struggles International by 158.6% in the first quarter. Russell Investments Group Ltd. now owns 115,663 shares of the business services provider’s stock worth $3,893,000 after buying an additional 70,940 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its position in shares of Heidrick & Struggles International by 7.2% during the first quarter. State Board of Administration of Florida Retirement System now owns 10,418 shares of the business services provider’s stock valued at $351,000 after buying an additional 701 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its position in Heidrick & Struggles International by 8.9% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 26,990 shares of the business services provider’s stock worth $907,000 after purchasing an additional 2,213 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Heidrick & Struggles International by 5.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,676 shares of the business services provider’s stock valued at $562,000 after purchasing an additional 863 shares during the last quarter. 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.