Xponance Inc. Acquires 184 Shares of Korn/Ferry International (NYSE:KFY)

Xponance Inc. lifted its holdings in shares of Korn/Ferry International (NYSE:KFY) by 3.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,004 shares of the business services provider’s stock after purchasing an additional 184 shares during the quarter. Xponance Inc.’s holdings in Korn/Ferry International were worth $339,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in KFY. Wellington Management Group LLP acquired a new stake in shares of Korn/Ferry International during the 4th quarter worth approximately $51,454,000. Norges Bank acquired a new stake in shares of Korn/Ferry International during the 4th quarter worth approximately $42,360,000. Rockefeller Capital Management L.P. boosted its position in shares of Korn/Ferry International by 113.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 826,157 shares of the business services provider’s stock worth $55,724,000 after acquiring an additional 438,644 shares in the last quarter. Tidal Investments LLC boosted its position in shares of Korn/Ferry International by 5,931.0% during the 4th quarter. Tidal Investments LLC now owns 352,030 shares of the business services provider’s stock worth $23,744,000 after acquiring an additional 346,193 shares in the last quarter. Finally, Artemis Investment Management LLP boosted its position in shares of Korn/Ferry International by 64.7% during the 1st quarter. Artemis Investment Management LLP now owns 620,521 shares of the business services provider’s stock worth $42,090,000 after acquiring an additional 243,759 shares in the last quarter. Institutional investors and hedge funds own 98.82% of the company’s stock.

Korn/Ferry International Stock Performance

Shares of Korn/Ferry International stock opened at $73.97 on Friday. Korn/Ferry International has a fifty-two week low of $59.23 and a fifty-two week high of $80.64. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.83 and a quick ratio of 1.83. The firm has a market capitalization of $3.82 billion, a P/E ratio of 16.01 and a beta of 1.42. The company’s 50 day moving average price is $70.68 and its two-hundred day moving average price is $67.65.

Korn/Ferry International (NYSE:KFY) last issued its earnings results on Wednesday, June 18th. The business services provider reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.06. Korn/Ferry International had a net margin of 8.91% and a return on equity of 14.49%. The firm had revenue of $712.05 million for the quarter, compared to analyst estimates of $690.07 million. During the same quarter last year, the business posted $1.26 earnings per share. The company’s quarterly revenue was up 3.1% on a year-over-year basis. On average, equities analysts forecast that Korn/Ferry International will post 4.75 earnings per share for the current fiscal year.

Korn/Ferry International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 3rd will be given a $0.48 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $1.92 dividend on an annualized basis and a yield of 2.60%. Korn/Ferry International’s dividend payout ratio is currently 41.56%.

Analyst Ratings Changes

Several analysts recently issued reports on KFY shares. Wall Street Zen lowered shares of Korn/Ferry International from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 9th. UBS Group reduced their price target on shares of Korn/Ferry International from $75.00 to $74.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 27th. Finally, Truist Financial increased their price target on shares of Korn/Ferry International from $80.00 to $88.00 and gave the stock a “buy” rating in a research report on Friday, June 20th.

Korn/Ferry International Company Profile

Korn Ferry, together with its subsidiaries, provides organizational consulting services worldwide. It operates through four segments: Consulting, Digital, Executive Search, and Recruitment Process Outsourcing (RPO) & Professional Search. The company provides executive search services to recruit board level, chief executive, other senior executive, and general management talent of organizations.