Heidrick & Struggles International (NASDAQ:HSII) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Heidrick & Struggles International (NASDAQ:HSII) from a hold rating to a buy rating in a report issued on Wednesday morning, Zacks.com reports. Zacks Investment Research currently has $29.00 price objective on the business services provider’s stock.

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. “

Shares of NASDAQ:HSII traded down $0.21 during trading on Wednesday, reaching $26.88. The stock had a trading volume of 48,840 shares, compared to its average volume of 92,630. Heidrick & Struggles International has a one year low of $25.07 and a one year high of $44.66. The company has a market capitalization of $518.28 million, a P/E ratio of 10.67, a PEG ratio of 1.03 and a beta of 1.33. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29. The firm’s 50-day simple moving average is $26.76 and its 200 day simple moving average is $31.11.

Heidrick & Struggles International (NASDAQ:HSII) last released its quarterly earnings results on Monday, July 29th. The business services provider reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $173.12 million for the quarter, compared to analysts’ expectations of $177.92 million. During the same period last year, the business earned $0.59 EPS. Equities research analysts forecast that Heidrick & Struggles International will post 2.62 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the stock. Point72 Hong Kong Ltd raised its position in shares of Heidrick & Struggles International by 1,019.8% in the 2nd quarter. Point72 Hong Kong Ltd now owns 1,355 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 1,234 shares during the last quarter. Bank of Montreal Can raised its position in shares of Heidrick & Struggles International by 250.8% in the 2nd quarter. Bank of Montreal Can now owns 2,231 shares of the business services provider’s stock valued at $67,000 after purchasing an additional 1,595 shares during the last quarter. Quantamental Technologies LLC raised its position in shares of Heidrick & Struggles International by 38.3% in the 2nd quarter. Quantamental Technologies LLC now owns 2,506 shares of the business services provider’s stock valued at $75,000 after purchasing an additional 694 shares during the last quarter. Marshall Wace North America L.P. raised its position in shares of Heidrick & Struggles International by 1,927.7% in the 1st quarter. Marshall Wace North America L.P. now owns 3,224 shares of the business services provider’s stock valued at $124,000 after purchasing an additional 3,065 shares during the last quarter. Finally, Convergence Investment Partners LLC purchased a new position in shares of Heidrick & Struggles International in the 2nd quarter valued at approximately $194,000. 92.90% 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 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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