Heidrick & Struggles International’s (HSII) “Outperform” Rating Reiterated at Barrington Research

Barrington Research reaffirmed their outperform rating on shares of Heidrick & Struggles International (NASDAQ:HSII) in a research report sent to investors on Friday morning, Benzinga reports. The brokerage currently has a $44.00 price objective on the business services provider’s stock.

Separately, StockNews.com cut shares of Heidrick & Struggles International from a buy rating to a hold rating in a research report on Tuesday, July 30th.

Heidrick & Struggles International Stock Down 0.2 %

HSII stock opened at $38.02 on Friday. The company’s 50-day simple moving average is $36.96 and its 200-day simple moving average is $34.05. Heidrick & Struggles International has a 52-week low of $22.52 and a 52-week high of $41.94. The firm has a market cap of $769.73 million, a P/E ratio of 14.85, a PEG ratio of 0.86 and a beta of 0.85.

Heidrick & Struggles International (NASDAQ:HSII) last issued its quarterly earnings results on Monday, July 29th. The business services provider reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.11. The firm had revenue of $282.88 million for the quarter, compared to analyst estimates of $265.69 million. Heidrick & Struggles International had a net margin of 3.59% and a return on equity of 12.66%. During the same period last year, the company posted $0.73 EPS. On average, analysts anticipate that Heidrick & Struggles International will post 2.62 earnings per share for the current fiscal year.

Heidrick & Struggles International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Friday, August 9th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.60 annualized dividend and a yield of 1.58%. Heidrick & Struggles International’s dividend payout ratio is currently 23.44%.

Insider Buying and Selling

In other Heidrick & Struggles International news, CFO Mark R. Harris sold 7,500 shares of Heidrick & Struggles International stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $40.70, for a total value of $305,250.00. Following the transaction, the chief financial officer now directly owns 65,953 shares in the company, valued at $2,684,287.10. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Heidrick & Struggles International news, CFO Mark R. Harris sold 7,500 shares of Heidrick & Struggles International stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $40.70, for a total value of $305,250.00. Following the transaction, the chief financial officer now directly owns 65,953 shares in the company, valued at $2,684,287.10. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Sarah Payne sold 8,691 shares of Heidrick & Struggles International stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $40.40, for a total transaction of $351,116.40. Following the completion of the transaction, the insider now owns 27,451 shares in the company, valued at $1,109,020.40. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

Institutional Trading of Heidrick & Struggles International

Institutional investors have recently added to or reduced their stakes in the stock. Innealta Capital LLC purchased a new stake in Heidrick & Struggles International during the second quarter worth about $29,000. DekaBank Deutsche Girozentrale purchased a new stake in Heidrick & Struggles International during the first quarter worth about $32,000. Quarry LP purchased a new stake in shares of Heidrick & Struggles International in the second quarter valued at about $44,000. Meeder Asset Management Inc. purchased a new stake in shares of Heidrick & Struggles International in the second quarter valued at about $58,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Heidrick & Struggles International by 1,382.2% in 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 in the last quarter. Hedge funds and other institutional investors own 90.13% of the company’s stock.

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.