Heidrick & Struggles International (NASDAQ:HSII) Earns Outperform Rating from Barrington Research

Heidrick & Struggles International (NASDAQ:HSII)‘s stock had its “outperform” rating reiterated by analysts at Barrington Research in a research note issued on Friday, Benzinga reports. They currently have a $44.00 target price on the business services provider’s stock. Barrington Research’s price target indicates a potential upside of 13.75% from the stock’s previous close.

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

Heidrick & Struggles International Price Performance

NASDAQ HSII traded down $0.17 on Friday, hitting $38.68. 47,945 shares of the stock were exchanged, compared to its average volume of 157,754. The company has a market capitalization of $783.19 million, a PE ratio of 15.13, a P/E/G ratio of 0.86 and a beta of 0.86. The business’s fifty day moving average is $36.73 and its 200 day moving average is $33.96. Heidrick & Struggles International has a 52 week low of $22.52 and a 52 week high of $41.94.

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

Insider Transactions at Heidrick & Struggles International

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

Institutional Investors Weigh In On Heidrick & Struggles International

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its stake in Heidrick & Struggles International by 2.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,376,789 shares of the business services provider’s stock worth $43,479,000 after acquiring an additional 29,820 shares during the period. Mak Capital One LLC raised its stake in Heidrick & Struggles International by 35.2% in the second quarter. Mak Capital One LLC now owns 993,408 shares of the business services provider’s stock valued at $31,372,000 after purchasing an additional 258,583 shares in the last quarter. Pacer Advisors Inc. acquired a new position in Heidrick & Struggles International in the second quarter valued at about $29,938,000. Invenomic Capital Management LP lifted its position in Heidrick & Struggles International by 31.5% during the first quarter. Invenomic Capital Management LP now owns 389,950 shares of the business services provider’s stock worth $13,126,000 after purchasing an additional 93,400 shares during the period. Finally, LSV Asset Management grew its stake in Heidrick & Struggles International by 0.7% during the second quarter. LSV Asset Management now owns 311,632 shares of the business services provider’s stock worth $9,841,000 after buying an additional 2,074 shares in the last quarter. 90.13% of the stock is currently owned by institutional investors and hedge funds.

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.