Heidrick & Struggles International, Inc. (NASDAQ:HSII) CFO Mark R. Harris Sells 7,500 Shares

Heidrick & Struggles International, Inc. (NASDAQ:HSII) CFO Mark R. Harris sold 7,500 shares of Heidrick & Struggles International stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $40.70, for a total transaction of $305,250.00. Following the completion of the sale, the chief financial officer now directly owns 65,953 shares in the company, valued at approximately $2,684,287.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Heidrick & Struggles International Stock Down 2.6 %

NASDAQ:HSII traded down $1.04 during trading hours on Thursday, hitting $39.10. 146,351 shares of the company’s stock traded hands, compared to its average volume of 167,676. The firm has a market cap of $794.51 million, a P/E ratio of 15.27, a P/E/G ratio of 1.05 and a beta of 0.88. The business’s fifty day simple moving average is $33.82 and its two-hundred day simple moving average is $32.11. Heidrick & Struggles International, Inc. has a 52 week low of $22.52 and a 52 week high of $41.94.

Heidrick & Struggles International (NASDAQ:HSII) last released its earnings results on Monday, July 29th. The business services provider reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.11. The business had revenue of $282.88 million for the quarter, compared to analysts’ expectations of $265.69 million. Heidrick & Struggles International had a return on equity of 12.66% and a net margin of 3.59%. During the same quarter in the prior year, the firm earned $0.73 earnings per share. On average, analysts expect that Heidrick & Struggles International, Inc. will post 2.46 EPS for the current year.

Heidrick & Struggles International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 22nd. Stockholders of record on Friday, August 9th will be issued a $0.15 dividend. The ex-dividend date is Friday, August 9th. This represents a $0.60 annualized dividend and a dividend yield of 1.53%. Heidrick & Struggles International’s dividend payout ratio is currently 23.44%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HSII. Truist Financial increased their price target on Heidrick & Struggles International from $30.00 to $33.00 and gave the stock a “hold” rating in a research note on Tuesday, May 7th. StockNews.com cut shares of Heidrick & Struggles International from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Barrington Research reissued an “outperform” rating and set a $40.00 target price on shares of Heidrick & Struggles International in a report on Thursday, May 16th.

Institutional Investors Weigh In On Heidrick & Struggles International

Hedge funds and other institutional investors have recently modified their holdings of the stock. Illinois Municipal Retirement Fund grew its holdings in Heidrick & Struggles International by 4.9% in the 1st quarter. Illinois Municipal Retirement Fund now owns 12,218 shares of the business services provider’s stock worth $411,000 after acquiring an additional 571 shares during the last quarter. State Board of Administration of Florida Retirement System raised its position in shares of Heidrick & Struggles International by 7.2% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 10,418 shares of the business services provider’s stock worth $351,000 after acquiring an additional 701 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Heidrick & Struggles International by 5.5% during the first 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 in the last quarter. Bank of New York Mellon Corp grew its stake in Heidrick & Struggles International by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 263,579 shares of the business services provider’s stock worth $8,324,000 after purchasing an additional 921 shares during the period. Finally, Keene & Associates Inc. raised its holdings in Heidrick & Struggles International by 11.3% in the first quarter. Keene & Associates Inc. now owns 9,130 shares of the business services provider’s stock worth $307,000 after purchasing an additional 925 shares in the last quarter. 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.