Barrington Research Issues Positive Forecast for Heidrick & Struggles International (NASDAQ:HSII) Stock Price

Heidrick & Struggles International (NASDAQ:HSII) had its price objective hoisted by analysts at Barrington Research from $44.00 to $50.00 in a report issued on Monday,Benzinga reports. The firm currently has an “outperform” rating on the business services provider’s stock. Barrington Research’s price objective indicates a potential upside of 7.97% from the company’s current price. Barrington Research also issued estimates for Heidrick & Struggles International’s Q4 2024 earnings at $0.60 EPS, FY2024 earnings at $2.68 EPS and FY2025 earnings at $2.75 EPS.

Other equities research analysts have also issued research reports about the company. StockNews.com raised Heidrick & Struggles International from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Truist Financial reissued a “hold” rating and issued a $40.00 price objective (up previously from $33.00) on shares of Heidrick & Struggles International in a report on Tuesday, November 5th.

Heidrick & Struggles International Price Performance

Shares of Heidrick & Struggles International stock opened at $46.31 on Monday. Heidrick & Struggles International has a 1 year low of $26.52 and a 1 year high of $49.02. The firm has a market cap of $945.19 million, a PE ratio of 25.03, a P/E/G ratio of 1.10 and a beta of 0.88. The stock has a fifty day moving average price of $41.42 and a 200-day moving average price of $37.48.

Heidrick & Struggles International (NASDAQ:HSII) last announced its earnings results on Monday, November 4th. The business services provider reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.04. Heidrick & Struggles International had a return on equity of 12.38% and a net margin of 3.53%. The firm had revenue of $282.82 million during the quarter, compared to analyst estimates of $267.65 million. During the same period last year, the firm posted $0.73 EPS. As a group, equities analysts anticipate that Heidrick & Struggles International will post 2.68 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. grew its holdings in Heidrick & Struggles International by 7.5% during the 2nd quarter. Victory Capital Management Inc. now owns 5,705 shares of the business services provider’s stock valued at $180,000 after buying an additional 396 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Heidrick & Struggles International by 1.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 34,170 shares of the business services provider’s stock valued at $1,328,000 after acquiring an additional 427 shares during the last quarter. Keene & Associates Inc. boosted its position in shares of Heidrick & Struggles International by 4.8% during the 2nd quarter. Keene & Associates Inc. now owns 9,565 shares of the business services provider’s stock valued at $302,000 after acquiring an additional 435 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Heidrick & Struggles International by 7.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,738 shares of the business services provider’s stock valued at $244,000 after acquiring an additional 510 shares during the last quarter. Finally, Quest Partners LLC bought a new stake in shares of Heidrick & Struggles International during the 3rd quarter valued at about $30,000. Hedge funds and other institutional investors own 90.13% of the company’s stock.

About Heidrick & Struggles International

Heidrick & Struggles International, Inc, together with its subsidiaries, provides executive search, consulting, and on-demand talent services to businesses and business leaders worldwide. It enables its clients to build leadership teams by facilitating the recruitment, management, and development of senior executives.