Heidrick & Struggles International (NASDAQ:HSII) Downgraded to “Buy” at StockNews.com

Heidrick & Struggles International (NASDAQ:HSII) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Thursday.

HSII has been the topic of several other research reports. Barrington Research reaffirmed an “outperform” rating and issued a $40.00 price target on shares of Heidrick & Struggles International in a report on Thursday, May 16th. Truist Financial raised their price target on Heidrick & Struggles International from $30.00 to $33.00 and gave the company a “hold” rating in a report on Tuesday, May 7th.

Heidrick & Struggles International Stock Performance

Shares of HSII opened at $31.58 on Thursday. The stock’s 50-day simple moving average is $33.07 and its 200 day simple moving average is $31.22. The stock has a market capitalization of $639.50 million, a price-to-earnings ratio of 12.34, a price-to-earnings-growth ratio of 0.79 and a beta of 0.87. Heidrick & Struggles International has a 52-week low of $22.52 and a 52-week high of $36.36.

Heidrick & Struggles International (NASDAQ:HSII) last released its quarterly earnings results on Monday, May 6th. The business services provider reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.09. Heidrick & Struggles International had a return on equity of 13.10% and a net margin of 4.95%. The firm had revenue of $265.20 million for the quarter, compared to analysts’ expectations of $251.89 million. On average, research analysts forecast that Heidrick & Struggles International will post 2.49 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Heidrick & Struggles International

A number of large investors have recently modified their holdings of HSII. Illinois Municipal Retirement Fund increased its stake in Heidrick & Struggles International by 4.9% in the 1st quarter. Illinois Municipal Retirement Fund now owns 12,218 shares of the business services provider’s stock worth $411,000 after purchasing an additional 571 shares during the period. State Board of Administration of Florida Retirement System increased its stake in Heidrick & Struggles International by 7.2% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 10,418 shares of the business services provider’s stock worth $351,000 after purchasing an additional 701 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Heidrick & Struggles International by 5.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,676 shares of the business services provider’s stock worth $562,000 after purchasing an additional 863 shares during the period. Keene & Associates Inc. increased its stake in Heidrick & Struggles International by 11.3% in the 1st quarter. Keene & Associates Inc. now owns 9,130 shares of the business services provider’s stock worth $307,000 after purchasing an additional 925 shares during the period. Finally, DekaBank Deutsche Girozentrale purchased a new position in Heidrick & Struggles International in the 1st quarter worth approximately $32,000. 90.13% of the stock is owned by hedge funds and other institutional investors.

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.