Axa S.A. Makes New $970,000 Investment in Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Axa S.A. purchased a new stake in shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII) in the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 30,713 shares of the business services provider’s stock, valued at approximately $970,000. Axa S.A. owned approximately 0.15% of Heidrick & Struggles International at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Innealta Capital LLC purchased a new position in Heidrick & Struggles International during the second quarter worth about $29,000. DekaBank Deutsche Girozentrale bought a new position in shares of Heidrick & Struggles International in the first quarter worth approximately $32,000. Meeder Asset Management Inc. bought a new position in shares of Heidrick & Struggles International in the second quarter worth approximately $58,000. Allspring Global Investments Holdings LLC raised its stake in 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. Finally, Victory Capital Management Inc. lifted its position in Heidrick & Struggles International by 7.5% during the second quarter. Victory Capital Management Inc. now owns 5,705 shares of the business services provider’s stock valued at $180,000 after purchasing an additional 396 shares during the last quarter. Institutional investors own 90.13% of the company’s stock.

Insider Activity at Heidrick & Struggles International

In other Heidrick & Struggles International news, insider Sarah Payne sold 8,691 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $40.40, for a total value of $351,116.40. Following the completion of the sale, the insider now owns 27,451 shares in the company, valued at $1,109,020.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Mark R. Harris sold 7,500 shares of the stock in a transaction dated 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 sale, 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 accessible through the SEC website. Also, insider Sarah Payne sold 8,691 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $40.40, for a total value 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 currently owned by company insiders.

Heidrick & Struggles International Price Performance

Shares of NASDAQ HSII opened at $38.61 on Wednesday. The stock has a market capitalization of $781.78 million, a P/E ratio of 15.08, a PEG ratio of 0.91 and a beta of 0.85. Heidrick & Struggles International, Inc. has a one year low of $22.52 and a one year high of $41.94. The firm’s 50 day simple moving average is $37.30 and its two-hundred day simple moving average is $34.26.

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 the consensus estimate of $0.56 by $0.11. The company 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 quarter last year, the firm earned $0.73 EPS. As a group, equities analysts expect that Heidrick & Struggles International, Inc. will post 2.62 earnings per share for the current fiscal year.

Heidrick & Struggles International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Friday, August 9th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.55%. The ex-dividend date was Friday, August 9th. Heidrick & Struggles International’s dividend payout ratio is presently 23.44%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on HSII. StockNews.com lowered shares of Heidrick & Struggles International from a “buy” rating to a “hold” rating in a report on Tuesday, July 30th. Barrington Research reissued an “outperform” rating and issued a $44.00 target price on shares of Heidrick & Struggles International in a research note on Friday, September 20th.

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.