Heidrick & Struggles International (NASDAQ:HSII) Issues Earnings Results, Beats Estimates By $0.07 EPS

Heidrick & Struggles International (NASDAQ:HSII) announced its quarterly earnings data on Monday. The business services provider reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.07, Zacks reports. Heidrick & Struggles International had a net margin of 2.92% and a return on equity of 14.85%.

Heidrick & Struggles International Trading Up 0.1%

HSII stock opened at $58.37 on Monday. The company’s 50-day moving average price is $53.32 and its 200 day moving average price is $47.39. Heidrick & Struggles International has a 52 week low of $36.87 and a 52 week high of $58.50. The company has a market cap of $1.21 billion, a P/E ratio of 36.71, a P/E/G ratio of 1.15 and a beta of 1.03.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on HSII shares. Wall Street Zen upgraded shares of Heidrick & Struggles International from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 9th. Truist Financial lifted their price objective on Heidrick & Struggles International from $48.00 to $59.00 and gave the company a “hold” rating in a report on Monday, October 6th. Barrington Research set a $59.00 target price on Heidrick & Struggles International in a research note on Thursday, October 9th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Heidrick & Struggles International in a report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $59.00.

Institutional Investors Weigh In On Heidrick & Struggles International

Several institutional investors have recently modified their holdings of HSII. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Heidrick & Struggles International by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,975 shares of the business services provider’s stock valued at $513,000 after purchasing an additional 530 shares in the last quarter. Jane Street Group LLC boosted its position in Heidrick & Struggles International by 124.5% during the first quarter. Jane Street Group LLC now owns 70,927 shares of the business services provider’s stock worth $3,038,000 after purchasing an additional 39,332 shares in the last quarter. Hsbc Holdings PLC grew its holdings in Heidrick & Struggles International by 198.1% in the second quarter. Hsbc Holdings PLC now owns 13,910 shares of the business services provider’s stock valued at $628,000 after purchasing an additional 9,244 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Heidrick & Struggles International by 1,553.7% in the second quarter. EverSource Wealth Advisors LLC now owns 678 shares of the business services provider’s stock valued at $31,000 after buying an additional 637 shares in the last quarter. Finally, Gabelli Funds LLC acquired a new position in shares of Heidrick & Struggles International during the 2nd quarter worth $1,419,000. Hedge funds and other institutional investors own 90.13% of the company’s stock.

Heidrick & Struggles International Company Profile

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.