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

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Zacks Investment Research upgraded shares of Heidrick & Struggles International (NASDAQ:HSII) from a sell rating to a hold rating in a research report sent to investors on Friday morning, 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. “

A number of other equities analysts have also commented on the stock. BidaskClub lowered shares of Heidrick & Struggles International from a sell rating to a strong sell rating in a research report on Saturday, May 18th. ValuEngine lowered shares of Heidrick & Struggles International from a hold rating to a sell rating in a research report on Tuesday, April 30th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. Heidrick & Struggles International presently has an average rating of Hold and a consensus target price of $42.33.

Shares of NASDAQ:HSII opened at $28.18 on Friday. The stock has a market capitalization of $563.82 million, a price-to-earnings ratio of 11.18, a PEG ratio of 0.84 and a beta of 1.36. The stock’s 50 day moving average is $30.14. Heidrick & Struggles International has a one year low of $27.76 and a one year high of $45.28. The company has a current ratio of 1.49, a quick ratio of 1.43 and a debt-to-equity ratio of 0.29.

Heidrick & Struggles International (NASDAQ:HSII) last issued its earnings results on Monday, July 29th. The business services provider reported $0.73 EPS for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.12. The business had revenue of $173.12 million for the quarter, compared to analyst estimates of $177.92 million. Heidrick & Struggles International had a net margin of 7.32% and a return on equity of 19.96%. During the same period last year, the company posted $0.59 earnings per share. On average, sell-side analysts expect that Heidrick & Struggles International will post 2.61 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Friday, August 9th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, August 8th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.13%. Heidrick & Struggles International’s dividend payout ratio is presently 23.81%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HSII. Acadian Asset Management LLC boosted its stake in Heidrick & Struggles International by 10.1% in the first quarter. Acadian Asset Management LLC now owns 360,674 shares of the business services provider’s stock valued at $13,824,000 after acquiring an additional 32,948 shares in the last quarter. Geode Capital Management LLC boosted its stake in Heidrick & Struggles International by 13.7% in the fourth quarter. Geode Capital Management LLC now owns 349,710 shares of the business services provider’s stock valued at $10,907,000 after acquiring an additional 42,131 shares in the last quarter. Marshall Wace LLP boosted its stake in Heidrick & Struggles International by 38.4% in the first quarter. Marshall Wace LLP now owns 277,371 shares of the business services provider’s stock valued at $10,632,000 after acquiring an additional 76,946 shares in the last quarter. Federated Investors Inc. PA boosted its stake in Heidrick & Struggles International by 42.9% in the first quarter. Federated Investors Inc. PA now owns 271,096 shares of the business services provider’s stock valued at $10,391,000 after acquiring an additional 81,379 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Heidrick & Struggles International by 63.7% in the first quarter. JPMorgan Chase & Co. now owns 215,717 shares of the business services provider’s stock valued at $8,268,000 after acquiring an additional 83,957 shares in the last quarter. Hedge funds and other institutional investors own 91.19% of the company’s stock.

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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