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

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

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

Heidrick & Struggles International Stock Down 0.3 %

NASDAQ:HSII traded down $0.09 during mid-day trading on Thursday, reaching $31.28. The company’s stock had a trading volume of 193,037 shares, compared to its average volume of 168,247. Heidrick & Struggles International has a 1 year low of $22.52 and a 1 year high of $36.36. The stock has a fifty day moving average of $33.05 and a 200-day moving average of $31.20. The firm has a market capitalization of $633.42 million, a PE ratio of 12.22, a price-to-earnings-growth ratio of 0.82 and a beta of 0.87.

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

Hedge Funds Weigh In On Heidrick & Struggles International

Several hedge funds have recently modified their holdings of HSII. Wellington Management Group LLP acquired a new position in shares of Heidrick & Struggles International during the third quarter valued at about $2,870,000. Invenomic Capital Management LP increased its holdings in shares of Heidrick & Struggles International by 31.5% during the first quarter. Invenomic Capital Management LP now owns 389,950 shares of the business services provider’s stock valued at $13,126,000 after acquiring an additional 93,400 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Heidrick & Struggles International by 158.6% during the first quarter. Russell Investments Group Ltd. now owns 115,663 shares of the business services provider’s stock valued at $3,893,000 after acquiring an additional 70,940 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in Heidrick & Struggles International by 37.7% in the 4th quarter. Allianz Asset Management GmbH now owns 163,130 shares of the business services provider’s stock worth $4,817,000 after buying an additional 44,652 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Heidrick & Struggles International by 1.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,319,499 shares of the business services provider’s stock worth $38,965,000 after buying an additional 17,997 shares during the period. Institutional investors and hedge funds own 90.13% of the company’s stock.

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.