AQR Capital Management LLC decreased its stake in shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII) by 16.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 104,786 shares of the business services provider’s stock after selling 20,626 shares during the period. AQR Capital Management LLC owned about 0.56% of Heidrick & Struggles International worth $2,761,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its position in shares of Heidrick & Struggles International by 7.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,272,325 shares of the business services provider’s stock valued at $33,525,000 after buying an additional 90,410 shares in the last quarter. Renaissance Technologies LLC boosted its position in Heidrick & Struggles International by 4.3% in the first quarter. Renaissance Technologies LLC now owns 1,159,902 shares of the business services provider’s stock worth $30,563,000 after buying an additional 47,916 shares in the last quarter. Vanguard Group Inc. boosted its position in Heidrick & Struggles International by 7.9% in the first quarter. Vanguard Group Inc. now owns 993,314 shares of the business services provider’s stock worth $26,173,000 after buying an additional 72,798 shares in the last quarter. Boston Partners boosted its position in Heidrick & Struggles International by 8.3% in the first quarter. Boston Partners now owns 896,197 shares of the business services provider’s stock worth $23,615,000 after buying an additional 68,749 shares in the last quarter. Finally, Royce & Associates LP boosted its position in Heidrick & Struggles International by 12.1% in the first quarter. Royce & Associates LP now owns 748,464 shares of the business services provider’s stock worth $19,722,000 after buying an additional 80,868 shares in the last quarter. 85.34% of the stock is owned by institutional investors.
Shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII) traded up 1.39% during midday trading on Friday, hitting $18.30. 67,133 shares of the stock were exchanged. The firm’s market cap is $343.75 million. Heidrick & Struggles International, Inc. has a 52-week low of $17.37 and a 52-week high of $27.10. The firm’s 50-day moving average is $20.16 and its 200 day moving average is $22.43.
Heidrick & Struggles International (NASDAQ:HSII) last announced its quarterly earnings data on Monday, July 24th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by $0.03. Heidrick & Struggles International had a negative net margin of 1.66% and a positive return on equity of 8.25%. The company had revenue of $152.21 million for the quarter, compared to analysts’ expectations of $157.01 million. During the same period last year, the business earned $0.35 earnings per share. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. On average, analysts forecast that Heidrick & Struggles International, Inc. will post ($0.30) earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 18th. Shareholders of record on Friday, August 4th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date was Wednesday, August 2nd. Heidrick & Struggles International’s dividend payout ratio (DPR) is currently -96.29%.
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HSII has been the subject of a number of research reports. Zacks Investment Research raised shares of Heidrick & Struggles International from a “hold” rating to a “strong-buy” rating and set a $25.00 price target for the company in a research note on Friday, April 28th. Deutsche Bank AG boosted their price target on shares of Heidrick & Struggles International from $25.00 to $27.00 and gave the stock a “hold” rating in a research note on Tuesday, April 25th. Barrington Research cut shares of Heidrick & Struggles International from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 26th. TheStreet cut shares of Heidrick & Struggles International from a “b” rating to a “c” rating in a research note on Monday, July 24th. Finally, BidaskClub cut shares of Heidrick & Struggles International from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 6th. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $25.00.
About Heidrick & Struggles International
Heidrick & Struggles International, Inc is an advisory firm providing executive search, leadership consulting and culture shaping services to businesses and business leaders around the world. Its segments include Executive Search, Leadership Consulting and Culture Shaping. It operates its executive search services in three geographic regions: the Americas (which includes the countries in North and South America); Europe (which includes the continents of Europe and Africa), and Asia Pacific (which includes Asia and the region generally known as the Middle East).
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