Heidrick & Struggles International (NASDAQ:HSII) Stock Rating Upgraded by Zacks Investment Research

Heidrick & Struggles International (NASDAQ:HSII) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Friday, Zacks.com reports.

According to Zacks, “Heidrick & Struggles International, Inc. serves the executive talent and leadership needs of the world’s top organizations as the premier provider of leadership consulting, culture shaping and senior-level executive search services. Heidrick & Struggles International, Inc. 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. It is the premier provider of senior-level Executive Search, Culture Shaping and Leadership Consulting services. They have focused on quality service and built strong leadership teams through their relationships with clients and individuals worldwide. Heidrick & Struggles’ leadership experts operate from principal business centers in North America, Latin America, Europe and Asia Pacific. “

Several other research analysts have also recently issued reports on HSII. ValuEngine cut shares of Heidrick & Struggles International from a “hold” rating to a “sell” rating in a report on Tuesday, April 30th. BidaskClub cut shares of Heidrick & Struggles International from a “sell” rating to a “strong sell” rating in a report on Saturday, May 18th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $42.33.

Shares of Heidrick & Struggles International stock traded up $0.17 on Friday, hitting $29.47. The stock had a trading volume of 102,445 shares, compared to its average volume of 117,901. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.43 and a current ratio of 1.49. Heidrick & Struggles International has a one year low of $28.25 and a one year high of $45.28. The firm has a market cap of $560.56 million, a PE ratio of 11.69, a price-to-earnings-growth ratio of 0.83 and a beta of 1.36. The firm has a 50-day moving average of $30.39.

Heidrick & Struggles International (NASDAQ:HSII) last issued its earnings results on Monday, July 29th. The business services provider reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.12. Heidrick & Struggles International had a net margin of 7.32% and a return on equity of 19.96%. The firm had revenue of $173.12 million for the quarter, compared to analysts’ expectations of $177.92 million. During the same quarter last year, the business earned $0.59 earnings per share. On average, equities analysts anticipate that Heidrick & Struggles International will post 2.61 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in HSII. Quantamental Technologies LLC bought a new stake in Heidrick & Struggles International in the first quarter valued at $69,000. Meeder Asset Management Inc. boosted its holdings in Heidrick & Struggles International by 68.6% in the first quarter. Meeder Asset Management Inc. now owns 2,146 shares of the business services provider’s stock valued at $82,000 after acquiring an additional 873 shares in the last quarter. Marshall Wace North America L.P. boosted its holdings in Heidrick & Struggles International by 1,927.7% in the first quarter. Marshall Wace North America L.P. now owns 3,224 shares of the business services provider’s stock valued at $124,000 after acquiring an additional 3,065 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in Heidrick & Struggles International by 324.5% in the first quarter. BNP Paribas Arbitrage SA now owns 3,888 shares of the business services provider’s stock valued at $149,000 after acquiring an additional 2,972 shares in the last quarter. Finally, Victory Capital Management Inc. bought a new stake in Heidrick & Struggles International in the first quarter valued at $160,000. Institutional investors and hedge funds own 90.94% of the company’s stock.

About Heidrick & Struggles International

Heidrick & Struggles International, Inc, together with its subsidiaries, provides executive search and consulting services to businesses and business leaders in the Americas, Europe, the Asia Pacific, and internationally. The company enables its clients to build leadership teams by facilitating the recruitment, management, and development of senior executives.

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