The Manufacturers Life Insurance Company Acquires 510 Shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII)

The Manufacturers Life Insurance Company grew its holdings in Heidrick & Struggles International, Inc. (NASDAQ:HSII) by 7.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,738 shares of the business services provider’s stock after acquiring an additional 510 shares during the period. The Manufacturers Life Insurance Company’s holdings in Heidrick & Struggles International were worth $244,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Innealta Capital LLC bought a new stake in Heidrick & Struggles International in the second quarter worth approximately $29,000. DekaBank Deutsche Girozentrale bought a new stake in Heidrick & Struggles International in the first quarter worth approximately $32,000. Meeder Asset Management Inc. bought a new stake in Heidrick & Struggles International in the second quarter worth approximately $58,000. Allspring Global Investments Holdings LLC grew its position 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 worth $129,000 after acquiring an additional 3,566 shares in the last quarter. Finally, Victory Capital Management Inc. grew its position in Heidrick & Struggles International by 7.5% in the second quarter. Victory Capital Management Inc. now owns 5,705 shares of the business services provider’s stock worth $180,000 after acquiring an additional 396 shares in the last quarter. 90.13% of the stock is owned by institutional investors.

Heidrick & Struggles International Stock Performance

Shares of HSII stock opened at $38.28 on Friday. Heidrick & Struggles International, Inc. has a 52-week low of $22.52 and a 52-week high of $41.94. The stock has a market cap of $775.09 million, a price-to-earnings ratio of 14.84, a P/E/G ratio of 0.89 and a beta of 0.85. The firm has a fifty day moving average of $37.46 and a 200-day moving average of $34.69.

Heidrick & Struggles International (NASDAQ:HSII) last announced its earnings results on Monday, July 29th. The business services provider reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.11. The business had revenue of $282.88 million during the quarter, compared to analysts’ expectations 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 company posted $0.73 EPS. On average, sell-side analysts predict that Heidrick & Struggles International, Inc. will post 2.62 earnings per share for the current year.

Heidrick & Struggles International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Friday, August 9th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend was Friday, August 9th. Heidrick & Struggles International’s dividend payout ratio (DPR) is presently 23.44%.

Insider Activity

In other news, insider Sarah Payne sold 8,691 shares of the firm’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 of the company’s stock, valued at approximately $1,109,020.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Heidrick & Struggles International news, CFO Mark R. Harris sold 7,500 shares of the firm’s 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 sale, the chief financial officer now directly owns 65,953 shares in the company, valued at approximately $2,684,287.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Sarah Payne sold 8,691 shares of the firm’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 transaction of $351,116.40. Following the sale, the insider now owns 27,451 shares in the company, valued at $1,109,020.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Barrington Research reaffirmed an “outperform” rating and set a $44.00 price objective on shares of Heidrick & Struggles International in a report on Friday, September 20th. StockNews.com downgraded shares of Heidrick & Struggles International from a “buy” rating to a “hold” rating in a report on Tuesday, July 30th.

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.