Heidrick & Struggles International (NASDAQ:HSII) Stock Price Expected to Rise, Truist Financial Analyst Says

Heidrick & Struggles International (NASDAQ:HSII) had its price objective raised by equities researchers at Truist Financial from $42.00 to $44.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “hold” rating on the business services provider’s stock. Truist Financial’s price objective would suggest a potential upside of 11.46% from the company’s previous close.

Separately, Barrington Research upped their price target on shares of Heidrick & Struggles International from $50.00 to $52.00 and gave the company an “outperform” rating in a research note on Wednesday, March 5th.

Heidrick & Struggles International Price Performance

HSII stock traded down $2.34 during midday trading on Tuesday, reaching $39.48. 36,503 shares of the company were exchanged, compared to its average volume of 153,757. Heidrick & Struggles International has a one year low of $29.03 and a one year high of $49.02. The firm has a market capitalization of $805.68 million, a price-to-earnings ratio of 21.34, a price-to-earnings-growth ratio of 0.91 and a beta of 0.86. The business has a 50-day moving average price of $42.91 and a two-hundred day moving average price of $43.30.

Insider Buying and Selling

In related news, CEO Thomas L. Monahan acquired 5,000 shares of the company’s stock in a transaction on Thursday, March 6th. The stock was purchased at an average cost of $45.55 per share, with a total value of $227,750.00. Following the acquisition, the chief executive officer now directly owns 144,834 shares of the company’s stock, valued at approximately $6,597,188.70. The trade was a 3.58 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Heidrick & Struggles International

Several hedge funds and other institutional investors have recently modified their holdings of HSII. Vanguard Group Inc. lifted its holdings in shares of Heidrick & Struggles International by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 1,517,661 shares of the business services provider’s stock worth $67,248,000 after acquiring an additional 14,035 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Heidrick & Struggles International by 3.7% in the 4th quarter. Renaissance Technologies LLC now owns 1,106,640 shares of the business services provider’s stock valued at $49,035,000 after purchasing an additional 39,800 shares during the last quarter. Allianz Asset Management GmbH boosted its position in Heidrick & Struggles International by 39.2% in the fourth quarter. Allianz Asset Management GmbH now owns 599,411 shares of the business services provider’s stock valued at $26,560,000 after buying an additional 168,912 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Heidrick & Struggles International by 3.9% during the third quarter. Geode Capital Management LLC now owns 495,513 shares of the business services provider’s stock worth $19,259,000 after buying an additional 18,771 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Heidrick & Struggles International by 125.9% during the fourth quarter. American Century Companies Inc. now owns 287,569 shares of the business services provider’s stock worth $12,742,000 after buying an additional 160,257 shares in the last quarter. Institutional investors own 90.13% of the company’s stock.

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.