Barrington Research Reiterates “Outperform” Rating for Heidrick & Struggles International (NASDAQ:HSII)

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

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

Heidrick & Struggles International Stock Down 0.4 %

HSII stock traded down $0.17 during trading on Friday, hitting $38.68. The company had a trading volume of 47,945 shares, compared to its average volume of 157,754. Heidrick & Struggles International has a 12 month low of $22.52 and a 12 month high of $41.94. The stock has a market cap of $783.19 million, a price-to-earnings ratio of 15.13, a PEG ratio of 0.86 and a beta of 0.86. The firm has a 50-day moving average price of $36.73 and a 200-day moving average price of $33.96.

Heidrick & Struggles International (NASDAQ:HSII) last announced its quarterly earnings data on Monday, July 29th. The business services provider reported $0.67 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $282.88 million for the quarter, compared to analyst estimates of $265.69 million. During the same period in the prior year, the business posted $0.73 earnings per share. Equities analysts expect that Heidrick & Struggles International will post 2.62 EPS for the current year.

Insider Activity

In related news, CFO Mark R. Harris sold 7,500 shares of the firm’s stock in a transaction 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 sale, the chief financial officer now owns 65,953 shares of the company’s stock, valued at approximately $2,684,287.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, 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 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 document filed with the SEC, which is available through the SEC website. Also, CFO Mark R. Harris sold 7,500 shares of Heidrick & Struggles International stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $40.70, for a total transaction of $305,250.00. Following the completion of the transaction, the chief financial officer now directly owns 65,953 shares in the company, valued at approximately $2,684,287.10. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Heidrick & Struggles International

Several large investors have recently made changes to their positions in HSII. Innealta Capital LLC bought a new position in Heidrick & Struggles International during the 2nd quarter worth about $29,000. DekaBank Deutsche Girozentrale bought a new position in shares of Heidrick & Struggles International during the first quarter worth about $32,000. Quarry LP acquired a new stake in Heidrick & Struggles International in the 2nd quarter valued at approximately $44,000. Meeder Asset Management Inc. bought a new stake in Heidrick & Struggles International in the 2nd quarter valued at approximately $58,000. Finally, Allspring Global Investments Holdings LLC boosted its position in Heidrick & Struggles International by 1,382.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,824 shares of the business services provider’s stock worth $129,000 after acquiring an additional 3,566 shares during 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.