Principal Financial Group Inc. Buys 8,617 Shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Principal Financial Group Inc. lifted its stake in Heidrick & Struggles International, Inc. (NASDAQ:HSII) by 8.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 108,485 shares of the business services provider’s stock after purchasing an additional 8,617 shares during the period. Principal Financial Group Inc. owned 0.53% of Heidrick & Struggles International worth $4,216,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of HSII. Quest Partners LLC bought a new stake in shares of Heidrick & Struggles International during the 3rd quarter valued at $30,000. Gladius Capital Management LP bought a new stake in Heidrick & Struggles International during the third quarter worth about $31,000. Quantbot Technologies LP purchased a new stake in Heidrick & Struggles International in the third quarter worth about $33,000. Quarry LP purchased a new stake in Heidrick & Struggles International in the second quarter worth about $44,000. Finally, Meeder Asset Management Inc. bought a new position in shares of Heidrick & Struggles International during the second quarter valued at approximately $58,000. Institutional investors own 90.13% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Truist Financial reissued a “hold” rating and issued a $42.00 price target (up from $40.00) on shares of Heidrick & Struggles International in a research report on Wednesday, December 4th. StockNews.com raised Heidrick & Struggles International from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Finally, Barrington Research raised their price target on Heidrick & Struggles International from $44.00 to $50.00 and gave the company an “outperform” rating in a report on Monday, December 2nd.

Heidrick & Struggles International Stock Performance

NASDAQ HSII opened at $44.08 on Friday. Heidrick & Struggles International, Inc. has a one year low of $26.52 and a one year high of $49.02. The stock has a 50-day moving average of $44.63 and a 200 day moving average of $39.07. The company has a market capitalization of $899.63 million, a price-to-earnings ratio of 23.83, a PEG ratio of 1.06 and a beta of 0.88.

Heidrick & Struggles International (NASDAQ:HSII) last released its quarterly earnings data on Monday, November 4th. The business services provider reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.04. Heidrick & Struggles International had a net margin of 3.53% and a return on equity of 12.38%. The firm had revenue of $282.82 million during the quarter, compared to analysts’ expectations of $267.65 million. During the same period in the previous year, the company earned $0.73 earnings per share. On average, equities analysts predict that Heidrick & Struggles International, Inc. will post 2.68 earnings per share for the current fiscal year.

Heidrick & Struggles International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were paid a $0.15 dividend. The ex-dividend date was Thursday, November 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.36%. Heidrick & Struggles International’s dividend payout ratio (DPR) is currently 32.43%.

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.