Heidrick & Struggles (NASDAQ:HSII) Raised to “Buy” at BidaskClub

Heidrick & Struggles (NASDAQ:HSII) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a report released on Friday, March 9th.

Separately, Zacks Investment Research lowered Heidrick & Struggles from a “buy” rating to a “hold” rating in a research report on Thursday, March 8th. Five equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $25.33.

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NASDAQ HSII traded down $0.85 during trading hours on Friday, reaching $30.40. The stock had a trading volume of 95,221 shares, compared to its average volume of 115,050. The firm has a market cap of $587.92, a P/E ratio of 27.71, a P/E/G ratio of 1.50 and a beta of 1.40. Heidrick & Struggles has a 52-week low of $17.90 and a 52-week high of $32.65.

Heidrick & Struggles (NASDAQ:HSII) last issued its earnings results on Monday, February 26th. The business services provider reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.17). The firm had revenue of $169.38 million during the quarter, compared to analysts’ expectations of $156.62 million. Heidrick & Struggles had a negative net margin of 7.60% and a positive return on equity of 8.65%. Heidrick & Struggles’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.23 EPS. sell-side analysts anticipate that Heidrick & Struggles will post 1.54 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in HSII. Millennium Management LLC boosted its position in Heidrick & Struggles by 213.6% in the 4th quarter. Millennium Management LLC now owns 220,421 shares of the business services provider’s stock worth $5,411,000 after purchasing an additional 150,127 shares in the last quarter. Two Sigma Investments LP acquired a new position in shares of Heidrick & Struggles during the 4th quarter worth approximately $2,179,000. Chartwell Investment Partners LLC raised its stake in shares of Heidrick & Struggles by 79.8% during the 4th quarter. Chartwell Investment Partners LLC now owns 177,826 shares of the business services provider’s stock worth $4,366,000 after buying an additional 78,947 shares during the period. Spark Investment Management LLC acquired a new position in shares of Heidrick & Struggles during the 4th quarter worth approximately $1,833,000. Finally, Allianz Asset Management GmbH acquired a new position in shares of Heidrick & Struggles during the 4th quarter worth approximately $1,660,000. Institutional investors and hedge funds own 83.59% of the company’s stock.

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About Heidrick & Struggles

Heidrick & Struggles International, Inc, together with its subsidiaries, provides executive search, culture shaping, and leadership consulting services on a retained basis 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 deployment of senior executives.

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