9,266 Shares in Korn/Ferry International (NYSE:KFY) Purchased by XTX Topco Ltd

Key Points

• XTX Topco Ltd purchased 9,266 shares of Korn/Ferry International (NYSE: KFY) in Q1, representing a new position valued at approximately $629,000.
• Korn/Ferry announced a quarterly dividend of $0.48 per share, resulting in an annualized dividend of $1.92 and a yield of 2.7%.
• The company reported $1.32 earnings per share (EPS) for the last quarter, exceeding analysts' expectations of $1.26 and showing a revenue increase of 3.1% year-over-year.

XTX Topco Ltd bought a new position in shares of Korn/Ferry International (NYSE:KFY - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 9,266 shares of the business services provider's stock, valued at approximately $629,000.

Several other large investors have also added to or reduced their stakes in KFY. Versant Capital Management Inc raised its position in 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 worth $35,000 after acquiring an additional 223 shares in the last quarter. CX Institutional bought a new stake in Korn/Ferry International during the first quarter worth $39,000. Sterling Capital Management LLC raised its position in Korn/Ferry International by 828.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,671 shares of the business services provider's stock worth $113,000 after acquiring an additional 1,491 shares in the last quarter. GAMMA Investing LLC raised its position in 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 worth $131,000 after acquiring an additional 199 shares in the last quarter. Finally, Institute for Wealth Management LLC. bought a new stake in Korn/Ferry International during the first quarter worth $223,000. Institutional investors and hedge funds own 98.82% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. 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. Truist Financial upped 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. Finally, 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 report on Tuesday, May 27th.

Korn/Ferry International Stock Performance

Shares of KFY traded up $0.61 during trading hours on Friday, hitting $71.11. The company had a trading volume of 171,735 shares, compared to its average volume of 325,423. The firm has a market cap of $3.67 billion, a price-to-earnings ratio of 15.39 and a beta of 1.47. The business has a fifty day moving average of $71.79 and a 200-day moving average of $68.05. Korn/Ferry International has a 12 month low of $59.23 and a 12 month 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 - Get Free Report) last issued its quarterly earnings data on Wednesday, June 18th. The business services provider reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.06. The company had revenue of $712.05 million for the quarter, compared to analyst estimates 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 period in the prior year, the firm earned $1.26 earnings per share. Equities analysts anticipate that Korn/Ferry International will post 4.75 EPS for the current fiscal year.

Korn/Ferry International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Thursday, July 3rd were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Thursday, July 3rd. Korn/Ferry International's dividend payout ratio (DPR) is currently 41.56%.

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.