Russell Investments Group Ltd. Reduces Holdings in Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Russell Investments Group Ltd. lowered its holdings in Heidrick & Struggles International, Inc. (NASDAQ:HSII) by 32.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 31,273 shares of the business services provider’s stock after selling 15,363 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.16% of Heidrick & Struggles International worth $949,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of HSII. Bank of New York Mellon Corp lifted its holdings in Heidrick & Struggles International by 1.3% in the 1st quarter. Bank of New York Mellon Corp now owns 264,355 shares of the business services provider’s stock worth $10,463,000 after buying an additional 3,350 shares during the period. Citigroup Inc. lifted its holdings in Heidrick & Struggles International by 2.5% in the 1st quarter. Citigroup Inc. now owns 19,352 shares of the business services provider’s stock worth $766,000 after buying an additional 478 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Heidrick & Struggles International in the 1st quarter worth approximately $1,148,000. MetLife Investment Management LLC lifted its holdings in Heidrick & Struggles International by 51.3% in the 1st quarter. MetLife Investment Management LLC now owns 11,343 shares of the business services provider’s stock worth $449,000 after buying an additional 3,846 shares during the period. Finally, Rhumbline Advisers lifted its holdings in Heidrick & Struggles International by 1.7% in the 1st quarter. Rhumbline Advisers now owns 50,904 shares of the business services provider’s stock worth $2,015,000 after buying an additional 865 shares during the period. Hedge funds and other institutional investors own 91.85% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. TheStreet raised Heidrick & Struggles International from a “c” rating to a “b-” rating in a research report on Tuesday, August 1st. StockNews.com began coverage on Heidrick & Struggles International in a research report on Thursday, August 17th. They set a “buy” rating for the company. Finally, Barrington Research reaffirmed an “outperform” rating and set a $40.00 price target on shares of Heidrick & Struggles International in a research report on Monday, August 7th.

Heidrick & Struggles International Trading Down 2.7 %

Shares of HSII stock opened at $26.49 on Friday. The company’s fifty day simple moving average is $27.33 and its 200-day simple moving average is $27.92. Heidrick & Struggles International, Inc. has a 52 week low of $22.79 and a 52 week high of $35.15. The company has a market cap of $530.06 million, a PE ratio of 8.83 and a beta of 0.82.

Heidrick & Struggles International (NASDAQ:HSII) last released its quarterly earnings results on Monday, July 31st. The business services provider reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.04. Heidrick & Struggles International had a net margin of 6.07% and a return on equity of 16.33%. The firm had revenue of $271.23 million for the quarter, compared to the consensus estimate of $265.26 million. Equities research analysts expect that Heidrick & Struggles International, Inc. will post 2.77 EPS for the current fiscal year.

Heidrick & Struggles International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 25th. Investors of record on Friday, August 11th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.27%. The ex-dividend date was Thursday, August 10th. Heidrick & Struggles International’s dividend payout ratio (DPR) is 20.00%.

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.