Heidrick & Struggles International (NASDAQ:HSII) Sets New 52-Week High After Earnings Beat

Heidrick & Struggles International, Inc. (NASDAQ:HSII)’s share price reached a new 52-week high during mid-day trading on Monday following a stronger than expected earnings report. The stock traded as high as $58.55 and last traded at $58.5970, with a volume of 25566 shares traded. The stock had previously closed at $58.37.

The business services provider reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.07. Heidrick & Struggles International had a return on equity of 14.85% and a net margin of 2.92%.

Analysts Set New Price Targets

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

Institutional Trading of Heidrick & Struggles International

Several large investors have recently added to or reduced their stakes in HSII. Principal Financial Group Inc. lifted its stake in shares of Heidrick & Struggles International by 2.6% in the 1st quarter. Principal Financial Group Inc. now owns 116,192 shares of the business services provider’s stock valued at $4,977,000 after purchasing an additional 2,923 shares during the last quarter. New York State Common Retirement Fund lifted its stake in Heidrick & Struggles International by 30.8% during the 1st quarter. New York State Common Retirement Fund now owns 10,032 shares of the business services provider’s stock worth $430,000 after acquiring an additional 2,365 shares in the last quarter. Hohimer Wealth Management LLC lifted its stake in Heidrick & Struggles International by 5.4% during the 1st quarter. Hohimer Wealth Management LLC now owns 6,922 shares of the business services provider’s stock worth $296,000 after acquiring an additional 353 shares in the last quarter. Victory Capital Management Inc. raised its position in Heidrick & Struggles International by 17.1% in the 1st quarter. Victory Capital Management Inc. now owns 23,824 shares of the business services provider’s stock valued at $1,020,000 after purchasing an additional 3,486 shares in the last quarter. Finally, Bailard Inc. acquired a new stake in Heidrick & Struggles International in the 1st quarter valued at about $214,000. 90.13% of the stock is currently owned by hedge funds and other institutional investors.

Heidrick & Struggles International Stock Performance

The company has a market cap of $1.22 billion, a price-to-earnings ratio of 36.89, a price-to-earnings-growth ratio of 1.15 and a beta of 1.03. The business has a 50-day simple moving average of $53.32 and a 200-day simple moving average of $47.39.

About Heidrick & Struggles International

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.