Value Holdings Management CO. LLC bought a new position in Korn/Ferry International (NYSE:KFY – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 58,500 shares of the business services provider’s stock, valued at approximately $3,894,000. Korn/Ferry International accounts for about 0.7% of Value Holdings Management CO. LLC’s holdings, making the stock its 22nd largest holding. Value Holdings Management CO. LLC owned about 0.12% of Korn/Ferry International at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of KFY. IFP Advisors Inc lifted its position in shares of Korn/Ferry International by 69.4% in the fourth quarter. IFP Advisors Inc now owns 503 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 206 shares in the last quarter. Kestra Investment Management LLC boosted its stake in shares of Korn/Ferry International by 71.8% in the second quarter. Kestra Investment Management LLC now owns 579 shares of the business services provider’s stock worth $42,000 after acquiring an additional 242 shares during the period. Canada Pension Plan Investment Board grew its position in shares of Korn/Ferry International by 200.0% during the second quarter. Canada Pension Plan Investment Board now owns 600 shares of the business services provider’s stock worth $44,000 after purchasing an additional 400 shares in the last quarter. Clearstead Advisors LLC raised its stake in Korn/Ferry International by 30,350.0% during the 4th quarter. Clearstead Advisors LLC now owns 609 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 607 shares during the period. Finally, Torren Management LLC bought a new stake in Korn/Ferry International during the 4th quarter valued at approximately $52,000. Hedge funds and other institutional investors own 98.82% of the company’s stock.
Korn/Ferry International Stock Performance
NYSE:KFY opened at $84.71 on Friday. The company has a market cap of $4.35 billion, a price-to-earnings ratio of 16.17 and a beta of 1.19. Korn/Ferry International has a 1 year low of $58.95 and a 1 year high of $85.97. The stock’s 50 day simple moving average is $76.89 and its two-hundred day simple moving average is $69.25. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.94 and a quick ratio of 1.94.
Korn/Ferry International Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Monday, July 6th were paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Monday, July 6th. Korn/Ferry International’s dividend payout ratio (DPR) is presently 41.98%.
Analyst Ratings Changes
Several research analysts have weighed in on the company. Robert W. Baird upped their price target on Korn/Ferry International from $84.00 to $85.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 24th. Wall Street Zen downgraded shares of Korn/Ferry International from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Weiss Ratings raised shares of Korn/Ferry International from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, June 23rd. Truist Financial upped their target price on shares of Korn/Ferry International from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, June 9th. Finally, UBS Group raised their target price on shares of Korn/Ferry International from $70.00 to $75.00 and gave the company a “neutral” rating in a research note on Wednesday, June 24th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $78.50.
Read Our Latest Analysis on Korn/Ferry International
About Korn/Ferry International
Korn Ferry International is a global organizational consulting firm that partners with clients to design optimal structures, roles and responsibilities. The company’s core offerings include executive search, talent acquisition, leadership development and succession planning. By blending deep industry expertise with data-driven insights, Korn Ferry helps organizations identify, assess and develop executives and high-potential talent for critical roles.
Since its founding in 1969 and with headquarters in Los Angeles, Korn Ferry has expanded its presence to more than 50 offices across North America, Europe, Asia Pacific and Latin America.
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