Heidrick & Struggles International (NASDAQ:HSII) Rating Lowered to Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of Heidrick & Struggles International (NASDAQ:HSII) from a hold rating to a sell rating in a research report released on Wednesday morning, Zacks.com reports.

According to Zacks, “Heidrick & Struggles International, Inc. serves the executive talent and leadership needs of the world’s top organizations as the premier provider of leadership consulting, culture shaping and senior-level executive search services. Heidrick & Struggles International, Inc. is one of the leading global executive search firms. With years of experience in fulfilling their clients’ leadership needs, Heidrick & Struggles offers and conducts executive search services in every major business center in the world. It is the premier provider of senior-level Executive Search, Culture Shaping and Leadership Consulting services. They have focused on quality service and built strong leadership teams through their relationships with clients and individuals worldwide. Heidrick & Struggles’ leadership experts operate from principal business centers in North America, Latin America, Europe and Asia Pacific. “

Other equities research analysts have also recently issued research reports about the company. ValuEngine upgraded Zynerba Pharmaceuticals from a hold rating to a buy rating in a research note on Tuesday, April 30th. BidaskClub upgraded Zynerba Pharmaceuticals from a buy rating to a strong-buy rating in a research note on Saturday, May 18th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $42.33.

Shares of Heidrick & Struggles International stock opened at $29.99 on Wednesday. Heidrick & Struggles International has a 12-month low of $28.25 and a 12-month high of $45.28. The company has a market cap of $573.35 million, a PE ratio of 11.36, a P/E/G ratio of 0.86 and a beta of 1.35. The business’s 50 day moving average is $30.79.

Heidrick & Struggles International (NASDAQ:HSII) last announced its quarterly earnings data 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 company had revenue of $171.59 million for the quarter, compared to analysts’ expectations of $170.58 million. On average, sell-side analysts expect that Heidrick & Struggles International will post 2.57 earnings per share for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. New York State Common Retirement Fund raised its position in shares of Heidrick & Struggles International by 14.9% in the fourth quarter. New York State Common Retirement Fund now owns 24,252 shares of the business services provider’s stock valued at $756,000 after buying an additional 3,152 shares during the last quarter. BlackRock Inc. raised its position in shares of Heidrick & Struggles International by 2.7% in the fourth quarter. BlackRock Inc. now owns 2,806,908 shares of the business services provider’s stock valued at $87,548,000 after buying an additional 73,458 shares during the last quarter. Texas Permanent School Fund raised its position in shares of Heidrick & Struggles International by 4.0% in the fourth quarter. Texas Permanent School Fund now owns 12,407 shares of the business services provider’s stock valued at $387,000 after buying an additional 478 shares during the last quarter. Citigroup Inc. raised its position in shares of Heidrick & Struggles International by 10.6% in the fourth quarter. Citigroup Inc. now owns 22,104 shares of the business services provider’s stock valued at $690,000 after buying an additional 2,111 shares during the last quarter. Finally, United Services Automobile Association raised its position in shares of Heidrick & Struggles International by 16.5% in the fourth quarter. United Services Automobile Association now owns 7,514 shares of the business services provider’s stock valued at $234,000 after buying an additional 1,064 shares during the last quarter. Institutional investors and hedge funds own 90.86% of the company’s stock.

Heidrick & Struggles International Company Profile

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.

Featured Story: Return on Equity (ROE)

Get a free copy of the Zacks research report on Heidrick & Struggles International (HSII)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Heidrick & Struggles International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heidrick & Struggles International and related companies with MarketBeat.com's FREE daily email newsletter.