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

Heidrick & Struggles International, Inc. (NASDAQ:HSII) reached a new 52-week high during trading on Monday after the company announced better than expected quarterly earnings. The company traded as high as $58.55 and last traded at $58.5970, with a volume of 25566 shares. The stock had previously closed at $58.37.

The business services provider reported $0.83 earnings per share for the quarter, topping the consensus estimate 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

HSII has been the subject of several recent analyst reports. Wall Street Zen upgraded Heidrick & Struggles International from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 9th. Barrington Research set a $59.00 price objective on Heidrick & Struggles International in a report on Thursday, October 9th. Truist Financial upped their price objective 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, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Heidrick & Struggles International in a report on Wednesday, October 8th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $59.00.

Institutional Trading of Heidrick & Struggles International

Hedge funds and other institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC increased its stake in Heidrick & Struggles International by 1,553.7% in the second quarter. EverSource Wealth Advisors LLC now owns 678 shares of the business services provider’s stock worth $31,000 after purchasing an additional 637 shares during the period. CWM LLC increased its stake in Heidrick & Struggles International by 375.2% in the second quarter. CWM LLC now owns 784 shares of the business services provider’s stock worth $36,000 after purchasing an additional 619 shares during the period. Nisa Investment Advisors LLC increased its stake in Heidrick & Struggles International by 38.9% in the second quarter. Nisa Investment Advisors LLC now owns 846 shares of the business services provider’s stock worth $39,000 after purchasing an additional 237 shares during the period. Raymond James Financial Inc. purchased a new stake in Heidrick & Struggles International in the second quarter worth $46,000. Finally, Atlantic Union Bankshares Corp purchased a new position in shares of Heidrick & Struggles International during the second quarter valued at $101,000. Hedge funds and other institutional investors own 90.13% of the company’s stock.

Heidrick & Struggles International Price Performance

The firm has a fifty day moving average of $53.32 and a two-hundred day moving average of $47.39. The stock has a market capitalization of $1.22 billion, a P/E ratio of 36.89, a P/E/G ratio of 1.15 and a beta of 1.03.

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.