Heidrick & Struggles International (HSII) Downgraded to “Strong Sell” at BidaskClub

BidaskClub lowered shares of Heidrick & Struggles International (NASDAQ:HSII) from a sell rating to a strong sell rating in a research report sent to investors on Saturday morning, BidAskClub reports.

A number of other analysts also recently issued reports on the company. Zacks Investment Research raised Heidrick & Struggles International from a hold rating to a buy rating and set a $38.00 target price for the company in a research note on Thursday, May 2nd. ValuEngine downgraded Heidrick & Struggles International from a hold rating to a sell rating in a research note on Tuesday, April 30th. Barrington Research raised their target price on Heidrick & Struggles International to $51.00 and gave the stock an outperform rating in a research note on Wednesday, February 27th. Finally, Credit Suisse Group raised their target price on Heidrick & Struggles International from $35.00 to $38.00 and gave the stock a neutral rating in a research note on Tuesday, February 26th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $42.33.

Shares of HSII opened at $32.62 on Friday. Heidrick & Struggles International has a 52-week low of $28.25 and a 52-week high of $45.28. The firm has a market capitalization of $618.85 million, a price-to-earnings ratio of 12.94, a P/E/G ratio of 0.92 and a beta of 1.36.

Heidrick & Struggles International (NASDAQ:HSII) last issued its earnings results on Monday, April 29th. The business services provider reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.08. Heidrick & Struggles International had a return on equity of 19.84% and a net margin of 6.85%. The business had revenue of $171.59 million during the quarter, compared to the consensus estimate of $170.58 million. Sell-side analysts anticipate that Heidrick & Struggles International will post 2.62 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date is Thursday, May 9th. Heidrick & Struggles International’s payout ratio is 23.81%.

Large investors have recently modified their holdings of the stock. Meeder Asset Management Inc. acquired a new stake in shares of Heidrick & Struggles International during the 4th quarter worth about $38,000. Quantamental Technologies LLC acquired a new stake in shares of Heidrick & Struggles International during the 1st quarter worth about $69,000. Marshall Wace North America L.P. increased its position in shares of Heidrick & Struggles International by 1,927.7% during the 1st quarter. Marshall Wace North America L.P. now owns 3,224 shares of the business services provider’s stock worth $124,000 after purchasing an additional 3,065 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Heidrick & Struggles International by 324.5% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,888 shares of the business services provider’s stock worth $149,000 after purchasing an additional 2,972 shares during the last quarter. Finally, Victory Capital Management Inc. acquired a new stake in shares of Heidrick & Struggles International during the 1st quarter worth about $160,000. 92.45% of the stock is owned by hedge funds and other institutional investors.

About Heidrick & Struggles International

Heidrick & Struggles International, Inc, together with its subsidiaries, provides executive search and consulting services to businesses and business leaders in the Americas, Europe, the Asia Pacific, and internationally. The company enables its clients to build leadership teams by facilitating the recruitment, management, and development of senior executives.

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