Principal Financial Group Inc. Grows Position in Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Principal Financial Group Inc. grew its stake in Heidrick & Struggles International, Inc. (NASDAQ:HSII) by 8.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 108,485 shares of the business services provider’s stock after buying an additional 8,617 shares during the quarter. Principal Financial Group Inc.’s holdings in Heidrick & Struggles International were worth $4,216,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its holdings in Heidrick & Struggles International by 2.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,376,789 shares of the business services provider’s stock worth $43,479,000 after acquiring an additional 29,820 shares in the last quarter. Mak Capital One LLC boosted its position in shares of Heidrick & Struggles International by 35.2% in the second quarter. Mak Capital One LLC now owns 993,408 shares of the business services provider’s stock worth $31,372,000 after purchasing an additional 258,583 shares during the period. Pacer Advisors Inc. purchased a new stake in shares of Heidrick & Struggles International in the second quarter worth $29,938,000. Systematic Financial Management LP raised its position in shares of Heidrick & Struggles International by 8.4% during the 3rd quarter. Systematic Financial Management LP now owns 554,298 shares of the business services provider’s stock valued at $21,540,000 after purchasing an additional 43,087 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Heidrick & Struggles International by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 495,513 shares of the business services provider’s stock valued at $19,259,000 after buying an additional 18,771 shares in the last quarter. Institutional investors own 90.13% of the company’s stock.

Analyst Ratings Changes

HSII has been the subject of a number of analyst reports. Barrington Research increased their price target on Heidrick & Struggles International from $44.00 to $50.00 and gave the stock an “outperform” rating in a research note on Monday, December 2nd. Truist Financial reaffirmed a “hold” rating and issued a $42.00 price objective (up previously from $40.00) on shares of Heidrick & Struggles International in a research note on Wednesday, December 4th. Finally, StockNews.com raised Heidrick & Struggles International from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th.

Heidrick & Struggles International Stock Performance

Shares of NASDAQ HSII opened at $44.08 on Friday. The company has a market cap of $899.63 million, a P/E ratio of 23.83, a P/E/G ratio of 1.06 and a beta of 0.88. Heidrick & Struggles International, Inc. has a 52-week low of $26.52 and a 52-week high of $49.02. The firm’s fifty day moving average is $44.63 and its two-hundred day moving average is $39.07.

Heidrick & Struggles International (NASDAQ:HSII) last issued its earnings results on Monday, November 4th. The business services provider reported $0.72 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $267.65 million. During the same period in the previous year, the firm posted $0.73 earnings per share. As a group, analysts forecast that Heidrick & Struggles International, Inc. will post 2.68 EPS for the current fiscal year.

Heidrick & Struggles International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were given a dividend of $0.15 per share. 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 is currently 32.43%.

Heidrick & Struggles International Company Profile

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.