Zacks Investment Research Downgrades Heidrick & Struggles International (HSII) to Hold

Zacks Investment Research cut shares of Heidrick & Struggles International (NASDAQ:HSII) from a buy rating to a hold rating in a research report released on Friday.

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. “

A number of other research analysts have also weighed in on HSII. ValuEngine raised Heidrick & Struggles International from a hold rating to a buy rating in a report on Wednesday, October 31st. Barrington Research set a $45.00 price objective on Heidrick & Struggles International and gave the stock a buy rating in a report on Monday, November 5th. BidaskClub raised Heidrick & Struggles International from a strong sell rating to a sell rating in a report on Thursday, December 13th. Finally, TheStreet raised Heidrick & Struggles International from a c+ rating to a b- rating in a report on Tuesday, January 15th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $39.25.

Shares of Heidrick & Struggles International stock opened at $32.61 on Friday. The stock has a market capitalization of $604.59 million, a P/E ratio of 29.92, a PEG ratio of 0.97 and a beta of 1.38. Heidrick & Struggles International has a 52-week low of $20.95 and a 52-week high of $45.28.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Texas Permanent School Fund grew its holdings in shares of Heidrick & Struggles International by 4.0% during the fourth quarter. Texas Permanent School Fund now owns 12,407 shares of the business services provider’s stock worth $387,000 after purchasing an additional 478 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in shares of Heidrick & Struggles International during the fourth quarter worth about $38,000. Mackenzie Financial Corp grew its holdings in shares of Heidrick & Struggles International by 10.3% during the fourth quarter. Mackenzie Financial Corp now owns 15,610 shares of the business services provider’s stock worth $1,008,000 after purchasing an additional 1,460 shares in the last quarter. Arizona State Retirement System grew its holdings in shares of Heidrick & Struggles International by 6.2% during the fourth quarter. Arizona State Retirement System now owns 29,197 shares of the business services provider’s stock worth $911,000 after purchasing an additional 1,694 shares in the last quarter. Finally, Panagora Asset Management Inc. grew its holdings in shares of Heidrick & Struggles International by 1.2% during the third quarter. Panagora Asset Management Inc. now owns 150,875 shares of the business services provider’s stock worth $5,107,000 after purchasing an additional 1,856 shares in the last quarter. 91.89% of the stock is owned by institutional investors.

Heidrick & Struggles International Company Profile

Heidrick & Struggles International, Inc, together with its subsidiaries, provides executive search, culture shaping, and leadership consulting services on a retained basis 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 deployment of senior executives.

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