Zacks Investment Research cut shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII) from a hold rating to a strong sell rating in a report issued on Wednesday morning.

According to Zacks, “Heidrick & Struggles International is one of the leading global executive search firms. With years of experience in fulfilling their clients’ leadership needs, Heidrick & Struggles offers and conducts executive search services in every major business center in the world. They focus on identifying, evaluating and recommending qualified candidates for senior level executive positions. Through their worldwide network of professionals, they provide executive search services to a broad range of clients. “

HSII has been the topic of several other research reports. ValuEngine upgraded Heidrick & Struggles International from a hold rating to a buy rating in a report on Thursday, July 6th. BidaskClub cut Heidrick & Struggles International from a sell rating to a strong sell rating in a report on Thursday, July 6th. Barrington Research cut Heidrick & Struggles International from an outperform rating to a market perform rating in a report on Wednesday. Deutsche Bank AG raised their price objective on Heidrick & Struggles International from $25.00 to $27.00 and gave the stock a hold rating in a report on Tuesday, April 25th. Finally, TheStreet cut Heidrick & Struggles International from a b rating to a c rating in a report on Monday, July 24th. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. Heidrick & Struggles International has an average rating of Hold and an average price target of $25.00.

Heidrick & Struggles International (NASDAQ HSII) opened at 18.45 on Wednesday. The firm’s market cap is $345.92 million. The stock has a 50 day moving average price of $21.71 and a 200 day moving average price of $22.89. Heidrick & Struggles International has a 52 week low of $17.37 and a 52 week high of $27.10.

Heidrick & Struggles International (NASDAQ:HSII) last posted its quarterly earnings data on Monday, July 24th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by $0.03. Heidrick & Struggles International had a positive return on equity of 8.25% and a negative net margin of 1.66%. The business had revenue of $152.21 million for the quarter, compared to analyst estimates of $157.01 million. During the same quarter last year, the business earned $0.35 EPS. Heidrick & Struggles International’s revenue for the quarter was up 2.3% compared to the same quarter last year. Equities research analysts expect that Heidrick & Struggles International will post $1.10 EPS for the current year.

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The company also recently announced a quarterly dividend, which will be paid on Friday, August 18th. Investors of record on Friday, August 4th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date of this dividend is Wednesday, August 2nd. Heidrick & Struggles International’s payout ratio is currently -96.29%.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Mason Street Advisors LLC boosted its position in shares of Heidrick & Struggles International by 7.0% in the first quarter. Mason Street Advisors LLC now owns 4,345 shares of the business services provider’s stock worth $114,000 after buying an additional 284 shares during the last quarter. Hillsdale Investment Management Inc. purchased a new position in shares of Heidrick & Struggles International during the first quarter worth $174,000. PNC Financial Services Group Inc. boosted its position in shares of Heidrick & Struggles International by 2.1% in the first quarter. PNC Financial Services Group Inc. now owns 7,164 shares of the business services provider’s stock worth $188,000 after buying an additional 147 shares during the last quarter. Louisiana State Employees Retirement System purchased a new position in shares of Heidrick & Struggles International during the first quarter worth $200,000. Finally, Eqis Capital Management Inc. purchased a new position in shares of Heidrick & Struggles International during the second quarter worth $220,000. Hedge funds and other institutional investors own 83.28% of the company’s stock.

Heidrick & Struggles International Company Profile

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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