StockNews.com Lowers Heidrick & Struggles International (NASDAQ:HSII) to Buy

Heidrick & Struggles International (NASDAQ:HSII – Get Rating) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a note issued to investors on Thursday.

Separately, Barrington Research raised their price target on Heidrick & Struggles International from $50.00 to $54.00 in a report on Wednesday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $51.67.

Shares of NASDAQ HSII opened at $32.86 on Thursday. The stock’s 50-day simple moving average is $39.62 and its 200-day simple moving average is $43.03. Heidrick & Struggles International has a 1 year low of $30.49 and a 1 year high of $50.03. The firm has a market cap of $643.79 million, a price-to-earnings ratio of 9.15 and a beta of 0.76.

Heidrick & Struggles International (NASDAQ:HSII – Get Rating) last issued its quarterly earnings results on Monday, April 25th. The business services provider reported $0.90 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.06). Heidrick & Struggles International had a net margin of 7.20% and a return on equity of 26.99%. During the same period in the prior year, the company earned $0.86 earnings per share. On average, research analysts expect that Heidrick & Struggles International will post 3.65 EPS for the current fiscal year.

In other news, CEO Krishnan Rajagopalan sold 5,000 shares of Heidrick & Struggles International stock in a transaction dated Wednesday, March 2nd. The stock was sold at an average price of $40.94, for a total transaction of $204,700.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Michael M. Cullen sold 3,853 shares of the business’s stock in a transaction that occurred on Tuesday, March 15th. The shares were sold at an average price of $39.10, for a total value of $150,652.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,777 shares of company stock worth $391,527. Company insiders own 1.70% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. US Bancorp DE increased its stake in shares of Heidrick & Struggles International by 54.9% during the 3rd quarter. US Bancorp DE now owns 666 shares of the business services provider’s stock worth $30,000 after purchasing an additional 236 shares during the last quarter. First Quadrant LLC CA bought a new position in shares of Heidrick & Struggles International in the 1st quarter valued at approximately $36,000. Advisor Group Holdings Inc. boosted its position in Heidrick & Struggles International by 32.4% during the fourth quarter. Advisor Group Holdings Inc. now owns 940 shares of the business services provider’s stock worth $41,000 after purchasing an additional 230 shares during the period. Royal Bank of Canada acquired a new position in Heidrick & Struggles International during the second quarter valued at approximately $59,000. Finally, Gladius Capital Management LP bought a new position in shares of Heidrick & Struggles International in the fourth quarter valued at approximately $71,000. 91.80% of the stock is owned by institutional investors.

About Heidrick & Struggles International (Get Rating)

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

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