Wellington Management Group LLP Takes Position in Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Wellington Management Group LLP purchased a new position in shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 114,700 shares of the business services provider’s stock, valued at approximately $2,870,000. Wellington Management Group LLP owned approximately 0.57% of Heidrick & Struggles International as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HSII. Bank of New York Mellon Corp lifted its position in Heidrick & Struggles International by 1.3% during the 1st quarter. Bank of New York Mellon Corp now owns 264,355 shares of the business services provider’s stock worth $10,463,000 after acquiring an additional 3,350 shares in the last quarter. Citigroup Inc. lifted its position in Heidrick & Struggles International by 2.5% during the 1st quarter. Citigroup Inc. now owns 19,352 shares of the business services provider’s stock worth $766,000 after acquiring an additional 478 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Heidrick & Struggles International during the 1st quarter worth approximately $1,148,000. MetLife Investment Management LLC lifted its position in Heidrick & Struggles International by 51.3% during the 1st quarter. MetLife Investment Management LLC now owns 11,343 shares of the business services provider’s stock worth $449,000 after acquiring an additional 3,846 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in Heidrick & Struggles International by 1.7% during the 1st quarter. Rhumbline Advisers now owns 50,904 shares of the business services provider’s stock worth $2,015,000 after acquiring an additional 865 shares in the last quarter. 90.13% of the stock is owned by institutional investors and hedge funds.

Heidrick & Struggles International Stock Up 2.3 %

Shares of HSII opened at $33.28 on Thursday. The business’s 50 day moving average is $30.87 and its two-hundred day moving average is $28.03. Heidrick & Struggles International, Inc. has a 52-week low of $22.52 and a 52-week high of $35.38. The firm has a market cap of $669.59 million, a price-to-earnings ratio of 12.56, a PEG ratio of 0.75 and a beta of 0.83.

Heidrick & Struggles International (NASDAQ:HSII) last announced its earnings results on Monday, February 26th. The business services provider reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.03. Heidrick & Struggles International had a return on equity of 13.81% and a net margin of 5.23%. The company had revenue of $253.16 million for the quarter, compared to analyst estimates of $248.17 million. On average, equities analysts expect that Heidrick & Struggles International, Inc. will post 2.69 earnings per share for the current fiscal year.

Heidrick & Struggles International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Friday, March 8th were issued a $0.15 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.80%. Heidrick & Struggles International’s dividend payout ratio (DPR) is 22.64%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on HSII shares. TheStreet raised Heidrick & Struggles International from a “c+” rating to a “b-” rating in a research report on Monday, February 12th. Truist Financial upped their target price on Heidrick & Struggles International from $27.00 to $30.00 and gave the company a “hold” rating in a research report on Tuesday, February 27th. StockNews.com raised Heidrick & Struggles International from a “hold” rating to a “buy” rating in a research report on Tuesday, March 12th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $40.00 target price on shares of Heidrick & Struggles International in a research report on Monday, March 4th.

Heidrick & Struggles International 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.