Sidoti Begins Coverage on Heidrick & Struggles International (NASDAQ:HSII)

Equities researchers at Sidoti initiated coverage on shares of Heidrick & Struggles International (NASDAQ:HSII) in a research note issued to investors on Monday, The Fly reports. The firm set a “buy” rating on the business services provider’s stock.

Several other equities research analysts have also issued reports on HSII. Credit Suisse Group reduced their target price on shares of Heidrick & Struggles International from $35.00 to $31.00 and set a “neutral” rating for the company in a report on Tuesday, October 29th. ValuEngine raised shares of Heidrick & Struggles International from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Zacks Investment Research raised shares of Heidrick & Struggles International from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a report on Thursday, October 31st. Finally, BidaskClub lowered shares of Heidrick & Struggles International from a “hold” rating to a “sell” rating in a research report on Saturday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. Heidrick & Struggles International presently has a consensus rating of “Hold” and a consensus price target of $37.67.

NASDAQ:HSII traded up $0.23 during mid-day trading on Monday, hitting $30.49. 3,288 shares of the company traded hands, compared to its average volume of 107,923. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.26. The stock’s fifty day moving average price is $27.77 and its 200-day moving average price is $29.35. The firm has a market cap of $564.18 million, a price-to-earnings ratio of 12.04, a price-to-earnings-growth ratio of 1.12 and a beta of 1.34. Heidrick & Struggles International has a one year low of $23.55 and a one year high of $44.66.

Heidrick & Struggles International (NASDAQ:HSII) last posted its quarterly earnings data on Monday, October 28th. The business services provider reported $0.70 EPS for the quarter, topping the consensus estimate of $0.68 by $0.02. Heidrick & Struggles International had a return on equity of 18.20% and a net margin of 6.49%. The firm had revenue of $186.52 million for the quarter, compared to the consensus estimate of $179.13 million. Equities analysts predict that Heidrick & Struggles International will post 2.63 EPS for the current year.

Large investors have recently bought and sold shares of the business. Point72 Hong Kong Ltd lifted its position in shares of Heidrick & Struggles International by 1,019.8% in the second quarter. Point72 Hong Kong Ltd now owns 1,355 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 1,234 shares in the last quarter. Bank of Montreal Can raised its stake in Heidrick & Struggles International by 250.8% during the 2nd quarter. Bank of Montreal Can now owns 2,231 shares of the business services provider’s stock valued at $67,000 after purchasing an additional 1,595 shares during the period. Quantamental Technologies LLC lifted its holdings in Heidrick & Struggles International by 38.3% in the 2nd quarter. Quantamental Technologies LLC now owns 2,506 shares of the business services provider’s stock worth $75,000 after purchasing an additional 694 shares in the last quarter. Convergence Investment Partners LLC purchased a new position in Heidrick & Struggles International in the 2nd quarter worth approximately $194,000. Finally, Brinker Capital Inc. boosted its stake in Heidrick & Struggles International by 10.1% in the 3rd quarter. Brinker Capital Inc. now owns 8,350 shares of the business services provider’s stock worth $228,000 after purchasing an additional 765 shares during the period. 91.44% of the stock is currently owned by institutional investors and hedge funds.

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.

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