Truist Financial Reaffirms “Hold” Rating for Heidrick & Struggles International (NASDAQ:HSII)

Heidrick & Struggles International (NASDAQ:HSII)‘s stock had its “hold” rating reissued by analysts at Truist Financial in a report issued on Wednesday,Benzinga reports. They presently have a $42.00 target price on the business services provider’s stock, up from their prior target price of $40.00. Truist Financial’s price objective points to a potential downside of 9.31% from the company’s current price.

HSII has been the topic of several other research reports. Barrington Research increased their target price on Heidrick & Struggles International from $44.00 to $50.00 and gave the company an “outperform” rating in a report on Monday. StockNews.com raised Heidrick & Struggles International from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th.

Heidrick & Struggles International Price Performance

HSII stock opened at $46.31 on Wednesday. Heidrick & Struggles International has a 1 year low of $26.52 and a 1 year high of $49.02. The firm has a market capitalization of $945.19 million, a P/E ratio of 25.03, a P/E/G ratio of 1.10 and a beta of 0.88. The business’s 50-day moving average is $41.59 and its two-hundred day moving average is $37.55.

Heidrick & Struggles International (NASDAQ:HSII) last issued its earnings results on Monday, November 4th. The business services provider reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.04. Heidrick & Struggles International had a net margin of 3.53% and a return on equity of 12.38%. The firm had revenue of $282.82 million for the quarter, compared to analysts’ expectations of $267.65 million. During the same quarter last year, the company earned $0.73 earnings per share. On average, analysts expect that Heidrick & Struggles International will post 2.68 EPS for the current year.

Hedge Funds Weigh In On Heidrick & Struggles International

Several hedge funds have recently made changes to their positions in the company. Pacer Advisors Inc. acquired a new stake in shares of Heidrick & Struggles International in the 2nd quarter valued at about $29,938,000. Mak Capital One LLC lifted its stake in Heidrick & Struggles International by 35.2% in the second quarter. Mak Capital One LLC now owns 993,408 shares of the business services provider’s stock valued at $31,372,000 after buying an additional 258,583 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Heidrick & Struggles International by 43.4% in the third quarter. Empowered Funds LLC now owns 185,273 shares of the business services provider’s stock valued at $7,200,000 after acquiring an additional 56,047 shares during the period. Systematic Financial Management LP grew its position in shares of Heidrick & Struggles International by 8.4% during the third quarter. Systematic Financial Management LP now owns 554,298 shares of the business services provider’s stock worth $21,540,000 after acquiring an additional 43,087 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of Heidrick & Struggles International by 55.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 118,414 shares of the business services provider’s stock valued at $4,602,000 after acquiring an additional 42,195 shares during the period. Hedge funds and other institutional investors own 90.13% of the company’s stock.

Heidrick & Struggles International Company Profile

Heidrick & Struggles International, Inc, together with its subsidiaries, provides executive search, consulting, and on-demand talent services to businesses and business leaders worldwide. It enables its clients to build leadership teams by facilitating the recruitment, management, and development of senior executives.