Heidrick & Struggles International (NASDAQ:HSII) Lowered to “Hold” at Zacks Investment Research

Zacks Investment Research cut shares of Heidrick & Struggles International (NASDAQ:HSII) from a buy rating to a hold rating in a research note issued to investors on Tuesday, 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. SunTrust Banks dropped their price target on Heidrick & Struggles International from $28.00 to $25.00 and set a hold rating on the stock in a report on Friday, April 3rd. ValuEngine cut Heidrick & Struggles International from a hold rating to a sell rating in a report on Thursday, April 30th. Barrington Research cut Heidrick & Struggles International from an outperform rating to a market perform rating in a report on Wednesday, April 29th. Credit Suisse Group lifted their price objective on shares of Heidrick & Struggles International from $18.00 to $22.00 and gave the stock a neutral rating in a research report on Tuesday, April 28th. Finally, BidaskClub cut shares of Heidrick & Struggles International from a sell rating to a strong sell rating in a report on Friday, June 19th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $25.75.

HSII opened at $21.35 on Tuesday. The business’s 50 day moving average is $21.53 and its 200-day moving average is $25.26. The stock has a market cap of $415.46 million, a PE ratio of 9.62, a price-to-earnings-growth ratio of 2.61 and a beta of 1.05. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.57. Heidrick & Struggles International has a twelve month low of $17.99 and a twelve month high of $33.21.

Heidrick & Struggles International (NASDAQ:HSII) last released its quarterly earnings results on Monday, April 27th. The business services provider reported $0.44 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.11). The business had revenue of $171.48 million for the quarter, compared to the consensus estimate of $167.60 million. Heidrick & Struggles International had a net margin of 6.00% and a return on equity of 15.64%. As a group, analysts forecast that Heidrick & Struggles International will post 0.81 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in HSII. JPMorgan Chase & Co. lifted its stake in shares of Heidrick & Struggles International by 71.5% during the 1st quarter. JPMorgan Chase & Co. now owns 576,457 shares of the business services provider’s stock worth $12,970,000 after buying an additional 240,243 shares during the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new position in shares of Heidrick & Struggles International in the 4th quarter valued at approximately $5,198,000. State Street Corp raised its position in shares of Heidrick & Struggles International by 21.1% in the 1st quarter. State Street Corp now owns 690,156 shares of the business services provider’s stock valued at $15,529,000 after buying an additional 120,049 shares in the last quarter. Matarin Capital Management LLC acquired a new position in shares of Heidrick & Struggles International in the 1st quarter valued at approximately $2,393,000. Finally, Bank of Montreal Can raised its position in shares of Heidrick & Struggles International by 2,052.8% in the 4th quarter. Bank of Montreal Can now owns 58,125 shares of the business services provider’s stock valued at $1,889,000 after buying an additional 55,425 shares in the last quarter. 91.91% of the stock is owned by institutional investors and hedge funds.

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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