Truist Financial Reiterates Hold Rating for Heidrick & Struggles International (NASDAQ:HSII)

Heidrick & Struggles International (NASDAQ:HSII)‘s stock had its “hold” rating reiterated by Truist Financial in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $42.00 price objective on the business services provider’s stock, up from their prior price objective of $40.00. Truist Financial’s price objective indicates a potential downside of 6.33% from the company’s current price.

A number of other equities research analysts also recently issued reports on HSII. Barrington Research increased their price objective on shares of Heidrick & Struggles International from $44.00 to $50.00 and gave the stock an “outperform” rating in a research note on Monday. StockNews.com raised shares of Heidrick & Struggles International from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th.

Heidrick & Struggles International Trading Down 2.1 %

NASDAQ HSII opened at $44.84 on Wednesday. The company has a market cap of $915.18 million, a price-to-earnings ratio of 24.24, a PEG ratio of 1.08 and a beta of 0.88. The company has a 50 day moving average of $41.91 and a 200-day moving average of $37.66. Heidrick & Struggles International has a 1-year low of $26.52 and a 1-year high of $49.02.

Heidrick & Struggles International (NASDAQ:HSII) last announced its quarterly earnings data 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. The firm had revenue of $282.82 million during the quarter, compared to analysts’ expectations of $267.65 million. Heidrick & Struggles International had a return on equity of 12.38% and a net margin of 3.53%. During the same period in the previous year, the firm earned $0.73 EPS. On average, equities research analysts forecast that Heidrick & Struggles International will post 2.68 earnings per share for the current year.

Hedge Funds Weigh In On Heidrick & Struggles International

Several institutional investors and hedge funds have recently added to or reduced their stakes in HSII. Dimensional Fund Advisors LP grew its stake in shares of Heidrick & Struggles International by 2.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,376,789 shares of the business services provider’s stock worth $43,479,000 after buying an additional 29,820 shares during the last quarter. Mak Capital One LLC grew its position in Heidrick & Struggles International by 35.2% during the 2nd quarter. Mak Capital One LLC now owns 993,408 shares of the business services provider’s stock worth $31,372,000 after acquiring an additional 258,583 shares during the last quarter. Pacer Advisors Inc. acquired a new position in Heidrick & Struggles International in the 2nd quarter worth about $29,938,000. Systematic Financial Management LP raised its position in Heidrick & Struggles International by 8.4% in the third quarter. Systematic Financial Management LP now owns 554,298 shares of the business services provider’s stock valued at $21,540,000 after purchasing an additional 43,087 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Heidrick & Struggles International by 3.9% during the third quarter. Geode Capital Management LLC now owns 495,513 shares of the business services provider’s stock valued at $19,259,000 after purchasing an additional 18,771 shares in the last quarter. Institutional investors own 90.13% of the company’s stock.

About Heidrick & Struggles International

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.