Lazard Asset Management LLC Grows Stake in Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Lazard Asset Management LLC grew its holdings in Heidrick & Struggles International, Inc. (NASDAQ:HSII) by 35.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 59,252 shares of the business services provider’s stock after buying an additional 15,448 shares during the quarter. Lazard Asset Management LLC owned approximately 0.29% of Heidrick & Struggles International worth $2,625,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of HSII. KLP Kapitalforvaltning AS purchased a new position in shares of Heidrick & Struggles International in the 4th quarter valued at approximately $173,000. 4WEALTH Advisors Inc. purchased a new position in shares of Heidrick & Struggles International in the 4th quarter valued at approximately $365,000. XTX Topco Ltd purchased a new position in shares of Heidrick & Struggles International in the 4th quarter valued at approximately $405,000. ExodusPoint Capital Management LP purchased a new position in shares of Heidrick & Struggles International in the 4th quarter valued at approximately $425,000. Finally, O Shaughnessy Asset Management LLC purchased a new position in shares of Heidrick & Struggles International in the 4th quarter valued at approximately $445,000. Hedge funds and other institutional investors own 90.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on HSII shares. Barrington Research raised their target price on Heidrick & Struggles International from $50.00 to $52.00 and gave the company an “outperform” rating in a research note on Wednesday, March 5th. Truist Financial raised their target price on Heidrick & Struggles International from $42.00 to $44.00 and gave the company a “hold” rating in a research note on Tuesday, April 15th.

Insider Buying and Selling at Heidrick & Struggles International

In related news, CEO Thomas L. Monahan acquired 5,000 shares of the stock in a transaction on Thursday, March 6th. The stock was acquired at an average price of $45.55 per share, for a total transaction of $227,750.00. Following the completion of the purchase, the chief executive officer now owns 144,834 shares of the company’s stock, valued at $6,597,188.70. This represents a 3.58% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.43% of the stock is owned by company insiders.

Heidrick & Struggles International Trading Down 0.3%

Shares of NASDAQ:HSII opened at $43.05 on Friday. The stock has a fifty day simple moving average of $41.16 and a two-hundred day simple moving average of $43.54. The stock has a market capitalization of $887.73 million, a price-to-earnings ratio of 23.27, a PEG ratio of 0.91 and a beta of 0.98. Heidrick & Struggles International, Inc. has a 12-month low of $30.20 and a 12-month high of $49.02.

Heidrick & Struggles International (NASDAQ:HSII) last announced its quarterly earnings data on Monday, May 5th. The business services provider reported $0.67 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.67. The business had revenue of $287.44 million during the quarter, compared to analysts’ expectations of $267.42 million. Heidrick & Struggles International had a return on equity of 12.38% and a net margin of 3.53%. As a group, equities research analysts predict that Heidrick & Struggles International, Inc. will post 2.68 EPS for the current year.

Heidrick & Struggles International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date is Thursday, May 15th. Heidrick & Struggles International’s payout ratio is 171.43%.

About Heidrick & Struggles International

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.