Heidrick & Struggles International (HSII) Lifted to “Strong-Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Heidrick & Struggles International (NASDAQ:HSII) from a hold rating to a strong-buy rating in a research report sent to investors on Thursday morning. Zacks Investment Research currently has $42.00 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. “

Other equities analysts also recently issued research reports about the stock. Barrington Research reissued a buy rating on shares of Heidrick & Struggles International in a research note on Monday, July 23rd. ValuEngine raised shares of Heidrick & Struggles International from a hold rating to a buy rating in a research note on Wednesday, October 31st. TheStreet lowered shares of Heidrick & Struggles International from a b- rating to a c+ rating in a report on Friday, September 28th. BidaskClub raised shares of Heidrick & Struggles International from a sell rating to a hold rating in a report on Friday, August 24th. Finally, Credit Suisse Group started coverage on shares of Heidrick & Struggles International in a report on Friday, August 10th. They set a neutral rating and a $40.00 price target for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $40.50.

Shares of HSII stock opened at $34.91 on Thursday. Heidrick & Struggles International has a 52 week low of $20.95 and a 52 week high of $45.28. The firm has a market capitalization of $661.86 million, a PE ratio of 32.03, a price-to-earnings-growth ratio of 1.15 and a beta of 1.51.

Heidrick & Struggles International (NASDAQ:HSII) last issued its earnings results on Monday, October 29th. The business services provider reported $0.85 EPS for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.37. Heidrick & Struggles International had a negative net margin of 0.15% and a positive return on equity of 17.49%. The business had revenue of $192.34 million for the quarter, compared to the consensus estimate of $175.81 million. As a group, sell-side analysts forecast that Heidrick & Struggles International will post 2.24 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 23rd. Investors of record on Friday, November 9th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date is Thursday, November 8th. Heidrick & Struggles International’s payout ratio is 47.71%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. American Century Companies Inc. grew its holdings in Heidrick & Struggles International by 8.0% during the 3rd quarter. American Century Companies Inc. now owns 189,481 shares of the business services provider’s stock valued at $6,414,000 after purchasing an additional 14,006 shares in the last quarter. Smith Asset Management Group LP grew its holdings in Heidrick & Struggles International by 730.9% during the 3rd quarter. Smith Asset Management Group LP now owns 60,376 shares of the business services provider’s stock valued at $2,044,000 after purchasing an additional 53,110 shares in the last quarter. Chicago Equity Partners LLC grew its holdings in Heidrick & Struggles International by 6.0% during the 3rd quarter. Chicago Equity Partners LLC now owns 46,310 shares of the business services provider’s stock valued at $1,568,000 after purchasing an additional 2,630 shares in the last quarter. USA Financial Portformulas Corp acquired a new stake in Heidrick & Struggles International during the 3rd quarter valued at $503,000. Finally, Assenagon Asset Management S.A. acquired a new stake in Heidrick & Struggles International during the 3rd quarter valued at $2,720,000. 89.79% of the stock is owned by institutional investors and hedge funds.

About Heidrick & Struggles International

Heidrick & Struggles International, Inc engages in provision of leadership consulting, culture shaping and senior-level executive search services. It offers its clients build leadership teams through facilitating the recruitment, management and deployment of senior executives. The company was founded by Gardner Heidrick and John Struggles in 1953 and is headquartered in Chicago, IL.

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