Heidrick & Struggles International, Inc. (HSII) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII) from a hold rating to a strong-buy rating in a research report report published on Monday morning. The brokerage currently has $28.00 price objective on the business services provider’s stock.

According to Zacks, “Heidrick & Struggles International 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. They focus on identifying, evaluating and recommending qualified candidates for senior level executive positions. Through their worldwide network of professionals, they provide executive search services to a broad range of clients. “

Several other research analysts have also recently issued reports on the company. ValuEngine upgraded Heidrick & Struggles International from a hold rating to a buy rating in a research note on Thursday, July 6th. TheStreet cut Heidrick & Struggles International from a b rating to a c rating in a research note on Monday, July 24th. SunTrust Banks, Inc. restated a hold rating and issued a $23.00 price objective on shares of Heidrick & Struggles International in a research note on Friday, October 20th. Deutsche Bank AG restated a hold rating and issued a $25.00 price objective (down from $27.00) on shares of Heidrick & Struggles International in a research note on Tuesday, July 25th. Finally, Barrington Research cut Heidrick & Struggles International from an outperform rating to a market perform rating in a research note on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a strong buy rating to the company. Heidrick & Struggles International has a consensus rating of Hold and a consensus target price of $25.33.

Shares of Heidrick & Struggles International (NASDAQ:HSII) traded up $0.08 during mid-day trading on Monday, hitting $24.80. The stock had a trading volume of 104,585 shares, compared to its average volume of 87,418. The firm has a market capitalization of $462.13 million, a PE ratio of 20.85, a P/E/G ratio of 1.36 and a beta of 1.63.

Heidrick & Struggles International (NASDAQ:HSII) last released its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.09. Heidrick & Struggles International had a positive return on equity of 8.85% and a negative net margin of 1.42%. The company had revenue of $159.80 million during the quarter, compared to analysts’ expectations of $152.78 million. During the same period last year, the business posted $0.37 earnings per share. The firm’s revenue was up 11.4% compared to the same quarter last year. equities research analysts expect that Heidrick & Struggles International will post 1.2 earnings per share for the current year.

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The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 17th. Stockholders of record on Friday, November 3rd will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend is Thursday, November 2nd. Heidrick & Struggles International’s payout ratio is -108.33%.

Several large investors have recently made changes to their positions in HSII. Royce & Associates LP raised its stake in shares of Heidrick & Struggles International by 107.1% in the second quarter. Royce & Associates LP now owns 1,549,800 shares of the business services provider’s stock worth $33,708,000 after purchasing an additional 801,336 shares during the last quarter. Clark Estates Inc. NY acquired a new stake in Heidrick & Struggles International during the second quarter worth about $2,915,000. Dimensional Fund Advisors LP grew its holdings in Heidrick & Struggles International by 8.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,378,516 shares of the business services provider’s stock worth $29,983,000 after acquiring an additional 106,191 shares during the period. Systematic Financial Management LP grew its holdings in Heidrick & Struggles International by 14.8% during the second quarter. Systematic Financial Management LP now owns 639,145 shares of the business services provider’s stock worth $13,901,000 after acquiring an additional 82,174 shares during the period. Finally, Vanguard Group Inc. grew its holdings in Heidrick & Struggles International by 7.9% during the first quarter. Vanguard Group Inc. now owns 993,314 shares of the business services provider’s stock worth $26,173,000 after acquiring an additional 72,798 shares during the period. Hedge funds and other institutional investors own 84.24% of the company’s stock.

Heidrick & Struggles International Company Profile

Heidrick & Struggles International, Inc is an advisory firm providing executive search, leadership consulting and culture shaping services to businesses and business leaders around the world. Its segments include Executive Search, Leadership Consulting and Culture Shaping. It operates its executive search services in three geographic regions: the Americas (which includes the countries in North and South America); Europe (which includes the continents of Europe and Africa), and Asia Pacific (which includes Asia and the region generally known as the Middle East).

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