Korn/Ferry International (NYSE:KFY) Shares Sold by Royce & Associates LP

Royce & Associates LP lessened its stake in Korn/Ferry International (NYSE:KFY) by 19.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 679,618 shares of the business services provider’s stock after selling 166,577 shares during the quarter. Royce & Associates LP owned about 1.32% of Korn/Ferry International worth $46,098,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Wellington Management Group LLP purchased a new position in shares of Korn/Ferry International in the 4th quarter valued at $51,454,000. Norges Bank purchased a new stake in Korn/Ferry International during the 4th quarter worth $42,360,000. Rockefeller Capital Management L.P. increased its stake in 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 buying an additional 438,644 shares during the period. Tidal Investments LLC increased its stake in 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 buying an additional 346,193 shares during the period. Finally, Artemis Investment Management LLP increased its stake in 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 buying an additional 243,759 shares during the period. Institutional investors and hedge funds own 98.82% of the company’s stock.

Korn/Ferry International Stock Down 0.1%

Shares of KFY traded down $0.10 during midday trading on Thursday, hitting $73.93. The company had a trading volume of 38,624 shares, compared to its average volume of 440,931. The company’s 50 day moving average price is $70.89 and its 200 day moving average price is $67.74. The stock has a market cap of $3.81 billion, a price-to-earnings ratio of 16.00 and a beta of 1.42. Korn/Ferry International has a 52 week low of $59.23 and a 52 week high of $80.64. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.21.

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

Korn/Ferry International Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Korn/Ferry International from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 9th. UBS Group dropped 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 note on Tuesday, May 27th. Finally, Truist Financial lifted 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 note 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.