Heidrick & Struggles International (NASDAQ:HSII) Upgraded by StockNews.com to “Buy” Rating

Heidrick & Struggles International (NASDAQ:HSIIGet Free Report) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.

Other equities research analysts have also issued research reports about the company. Barrington Research restated an “outperform” rating and set a $44.00 price objective on shares of Heidrick & Struggles International in a research note on Friday, September 20th. Truist Financial reiterated a “hold” rating and issued a $40.00 target price (up previously from $33.00) on shares of Heidrick & Struggles International in a research report on Tuesday.

Read Our Latest Stock Analysis on HSII

Heidrick & Struggles International Stock Performance

Shares of HSII stock traded up $5.13 during trading hours on Wednesday, reaching $47.41. The company had a trading volume of 286,025 shares, compared to its average volume of 103,645. Heidrick & Struggles International has a twelve month low of $24.93 and a twelve month high of $47.80. The company has a market capitalization of $963.37 million, a P/E ratio of 25.63, a price-to-earnings-growth ratio of 0.95 and a beta of 0.85. The stock’s fifty day simple moving average is $38.21 and its 200 day simple moving average is $35.56.

Heidrick & Struggles International (NASDAQ:HSIIGet Free Report) last posted its earnings results on Monday, November 4th. The business services provider reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.04. Heidrick & Struggles International had a return on equity of 12.51% and a net margin of 3.53%. The business had revenue of $282.82 million during the quarter, compared to analyst estimates of $267.65 million. During the same quarter last year, the firm earned $0.73 earnings per share. As a group, equities analysts expect that Heidrick & Struggles International will post 2.62 earnings per share for the current year.

Hedge Funds Weigh In On Heidrick & Struggles International

Hedge funds have recently modified their holdings of the company. Russell Investments Group Ltd. increased its position in shares of Heidrick & Struggles International by 158.6% during the 1st quarter. Russell Investments Group Ltd. now owns 115,663 shares of the business services provider’s stock valued at $3,893,000 after purchasing an additional 70,940 shares during the period. American Century Companies Inc. grew its holdings in shares of Heidrick & Struggles International by 43.8% in the 2nd quarter. American Century Companies Inc. now owns 46,621 shares of the business services provider’s stock worth $1,472,000 after acquiring an additional 14,209 shares during the last quarter. Innealta Capital LLC acquired a new position in shares of Heidrick & Struggles International in the 2nd quarter worth $29,000. SG Americas Securities LLC grew its holdings in shares of Heidrick & Struggles International by 82.1% in the 3rd quarter. SG Americas Securities LLC now owns 11,414 shares of the business services provider’s stock worth $444,000 after acquiring an additional 5,145 shares during the last quarter. Finally, Algert Global LLC grew its holdings in shares of Heidrick & Struggles International by 13.0% in the 2nd quarter. Algert Global LLC now owns 54,100 shares of the business services provider’s stock worth $1,708,000 after acquiring an additional 6,227 shares during the last quarter. 90.13% of the stock is currently owned by institutional investors and hedge funds.

Heidrick & Struggles International Company Profile

(Get Free Report)

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.

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