Heidrick & Struggles International (NASDAQ:HSII) Raised to "Strong-Buy" at Wall Street Zen

Key Points

• Heidrick & Struggles International has been upgraded to a "strong-buy" rating by Wall Street Zen, reflecting positive sentiment from analysts.
• The company reported earnings per share of $0.85 for the last quarter, exceeding estimates and indicating strong revenue growth.
• Institutional investors hold 90.13% of the stock, with significant increases in stakes from major firms like JPMorgan Chase & Co. and Alliancebernstein L.P.

Heidrick & Struggles International (NASDAQ:HSII - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a note issued to investors on Saturday.

Other equities analysts also recently issued reports about the stock. Truist Financial upped their price objective on shares of Heidrick & Struggles International from $44.00 to $46.00 and gave the company a "hold" rating in a research note on Friday, June 20th. Barrington Research reaffirmed an "outperform" rating and set a $52.00 price objective on shares of Heidrick & Struggles International in a research note on Friday, June 13th.

Heidrick & Struggles International Price Performance

NASDAQ HSII traded up $0.80 during trading on Friday, hitting $48.84. 38,142 shares of the company's stock traded hands, compared to its average volume of 132,224. The stock has a fifty day moving average of $45.41 and a two-hundred day moving average of $43.51. Heidrick & Struggles International has a 12-month low of $35.54 and a 12-month high of $51.24. The firm has a market cap of $1.01 billion, a P/E ratio of 30.66, a PEG ratio of 0.92 and a beta of 1.06.

Heidrick & Struggles International (NASDAQ:HSII - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The business services provider reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.11. The business had revenue of $317.25 million during the quarter, compared to analyst estimates of $292.94 million. Heidrick & Struggles International had a net margin of 2.92% and a return on equity of 14.85%. As a group, analysts expect that Heidrick & Struggles International will post 2.68 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Heidrick & Struggles International

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Heidrick & Struggles International by 0.3% in the first quarter. Vanguard Group Inc. now owns 1,522,327 shares of the business services provider's stock worth $65,201,000 after buying an additional 4,666 shares in the last quarter. Corvex Management LP bought a new position in Heidrick & Struggles International in the first quarter worth about $42,935,000. American Century Companies Inc. raised its stake in Heidrick & Struggles International by 27.8% in the second quarter. American Century Companies Inc. now owns 553,135 shares of the business services provider's stock worth $25,311,000 after buying an additional 120,404 shares in the last quarter. Geode Capital Management LLC raised its stake in Heidrick & Struggles International by 5.9% in the second quarter. Geode Capital Management LLC now owns 541,396 shares of the business services provider's stock worth $24,777,000 after buying an additional 30,347 shares in the last quarter. Finally, LSV Asset Management raised its stake in Heidrick & Struggles International by 15.0% in the second quarter. LSV Asset Management now owns 302,146 shares of the business services provider's stock worth $13,826,000 after buying an additional 39,471 shares in the last quarter. 90.13% of the stock is owned by institutional investors.

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. It operates under the following segments: Americas, Europe, Asia Pacific, Heidrick Consulting, and On Demand Talent Business.