Heidrick & Struggles International (NASDAQ:HSII) Stock Price Expected to Rise, Truist Financial Analyst Says

Heidrick & Struggles International (NASDAQ:HSII - Get Free Report) had its target price raised by equities researchers at Truist Financial from $44.00 to $46.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a "hold" rating on the business services provider's stock. Truist Financial's price objective would indicate a potential upside of 8.01% from the company's previous close.

Separately, Barrington Research restated an "outperform" rating and set a $52.00 target price on shares of Heidrick & Struggles International in a report on Friday, June 13th.

Heidrick & Struggles International Price Performance

NASDAQ HSII traded down $0.39 during trading hours on Friday, reaching $42.59. The company's stock had a trading volume of 60,474 shares, compared to its average volume of 147,644. The firm has a market capitalization of $878.21 million, a price-to-earnings ratio of 121.40, a P/E/G ratio of 0.94 and a beta of 1.02. The company's 50-day moving average is $41.75 and its two-hundred day moving average is $43.28. Heidrick & Struggles International has a 1-year low of $30.20 and a 1-year high of $49.02.

Heidrick & Struggles International (NASDAQ:HSII - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The business services provider reported $0.67 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.67. Heidrick & Struggles International had a net margin of 0.71% and a return on equity of 14.23%. The business had revenue of $287.44 million for the quarter, compared to the consensus estimate of $267.42 million. Equities analysts forecast that Heidrick & Struggles International will post 2.68 EPS for the current fiscal year.

Hedge Funds Weigh In On Heidrick & Struggles International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HSII. Vanguard Group Inc. lifted its holdings in shares of Heidrick & Struggles International by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 1,522,327 shares of the business services provider's stock valued at $65,201,000 after purchasing an additional 4,666 shares during the last quarter. Renaissance Technologies LLC increased its position in Heidrick & Struggles International by 3.7% during the fourth quarter. Renaissance Technologies LLC now owns 1,106,640 shares of the business services provider's stock worth $49,035,000 after buying an additional 39,800 shares during the period. Corvex Management LP purchased a new stake in Heidrick & Struggles International in the first quarter valued at approximately $42,935,000. Allianz Asset Management GmbH boosted its holdings in shares of Heidrick & Struggles International by 39.2% in the fourth quarter. Allianz Asset Management GmbH now owns 599,411 shares of the business services provider's stock valued at $26,560,000 after acquiring an additional 168,912 shares during the period. Finally, American Century Companies Inc. grew its position in shares of Heidrick & Struggles International by 50.5% during the first quarter. American Century Companies Inc. now owns 432,731 shares of the business services provider's stock worth $18,534,000 after acquiring an additional 145,162 shares during the last quarter. 90.13% 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. It operates under the following segments: Americas, Europe, Asia Pacific, Heidrick Consulting, and On Demand Talent Business.

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