Korn/Ferry International (NYSE:KFY) Shares Acquired by Edgestream Partners L.P.

Edgestream Partners L.P. lifted its position in shares of Korn/Ferry International (NYSE:KFY) by 140.1% during the 1st quarter, HoldingsChannel.com reports. The fund owned 91,138 shares of the business services provider’s stock after acquiring an additional 53,175 shares during the quarter. Edgestream Partners L.P.’s holdings in Korn/Ferry International were worth $6,182,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in KFY. Xponance Inc. increased its holdings in shares of Korn/Ferry International by 3.8% during the first quarter. Xponance Inc. now owns 5,004 shares of the business services provider’s stock valued at $339,000 after purchasing an additional 184 shares during the period. GAMMA Investing LLC increased its holdings in shares of Korn/Ferry International by 11.4% during the first quarter. GAMMA Investing LLC now owns 1,937 shares of the business services provider’s stock valued at $131,000 after purchasing an additional 199 shares during the period. Versant Capital Management Inc increased its holdings in shares of Korn/Ferry International by 75.9% during the first quarter. Versant Capital Management Inc now owns 517 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 223 shares during the period. Summit Investment Advisors Inc. increased its holdings in shares of Korn/Ferry International by 4.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 5,432 shares of the business services provider’s stock valued at $366,000 after purchasing an additional 225 shares during the period. Finally, Heritage Family Offices LLP boosted its stake in Korn/Ferry International by 6.6% during the first quarter. Heritage Family Offices LLP now owns 4,113 shares of the business services provider’s stock valued at $279,000 after buying an additional 253 shares in the last quarter. 98.82% of the stock is owned by institutional investors and hedge funds.

Korn/Ferry International Price Performance

NYSE:KFY opened at $74.02 on Tuesday. 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 has a 52-week low of $59.23 and a 52-week high of $80.64. The firm has a market cap of $3.82 billion, a P/E ratio of 16.02 and a beta of 1.42. The business’s 50-day moving average price is $69.81 and its 200 day moving average price is $67.43.

Korn/Ferry International (NYSE:KFY) last released its quarterly 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 return on equity of 14.49% and a net margin of 8.91%. The business had revenue of $712.05 million during the quarter, compared to analyst estimates of $690.07 million. During the same quarter last year, the company posted $1.26 EPS. Korn/Ferry International’s revenue for the quarter was up 3.1% on a year-over-year basis. As a group, sell-side analysts predict 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 declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors 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 dividend yield of 2.59%. Korn/Ferry International’s dividend payout ratio (DPR) is 41.56%.

Analysts Set New Price Targets

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

Korn/Ferry International 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.