Artemis Investment Management LLP Increases Stock Holdings in Korn/Ferry International (NYSE:KFY)

Artemis Investment Management LLP boosted its stake in Korn/Ferry International (NYSE:KFY - Free Report) by 64.7% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 620,521 shares of the business services provider's stock after acquiring an additional 243,759 shares during the quarter. Artemis Investment Management LLP owned 1.20% of Korn/Ferry International worth $42,090,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Versant Capital Management Inc grew its position in shares of Korn/Ferry International by 75.9% in 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. CX Institutional acquired a new position in shares of Korn/Ferry International during the 1st quarter worth about $39,000. Wealthfront Advisers LLC purchased a new position in Korn/Ferry International in the 4th quarter valued at about $76,000. Smartleaf Asset Management LLC boosted its holdings in Korn/Ferry International by 230.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,381 shares of the business services provider's stock worth $93,000 after buying an additional 963 shares during the last quarter. Finally, Sterling Capital Management LLC boosted its holdings in Korn/Ferry International by 828.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,671 shares of the business services provider's stock worth $113,000 after buying an additional 1,491 shares during the last quarter. Hedge funds and other institutional investors own 98.82% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on KFY shares. UBS Group reduced their target price on Korn/Ferry International from $75.00 to $74.00 and set a "neutral" rating for the company in a report on Tuesday, May 27th. Wall Street Zen downgraded Korn/Ferry International from a "strong-buy" rating to a "buy" rating in a research note on Monday. Finally, Truist Financial raised their price objective on Korn/Ferry International from $80.00 to $88.00 and gave the company a "buy" rating in a report on Friday, June 20th.

Korn/Ferry International Stock Performance

KFY opened at $73.05 on Friday. Korn/Ferry International has a twelve month low of $59.23 and a twelve month high of $80.64. The firm has a market capitalization of $3.77 billion, a PE ratio of 15.81 and a beta of 1.42. The company has a current ratio of 1.83, a quick ratio of 1.90 and a debt-to-equity ratio of 0.21. The firm's 50-day moving average price is $67.12 and its 200 day moving average price is $67.06.

Korn/Ferry International (NYSE:KFY - Get Free Report) last released its earnings results on Wednesday, June 18th. The business services provider reported $1.32 earnings per share for the quarter, topping analysts' consensus estimates of $1.26 by $0.06. The business 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 business's revenue was up 3.1% on a year-over-year basis. During the same period last year, the company posted $1.26 EPS. As a group, sell-side analysts expect that Korn/Ferry International will post 4.75 EPS for the current fiscal year.

Korn/Ferry International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 3rd will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend is Thursday, July 3rd. Korn/Ferry International's dividend payout ratio is currently 41.56%.

About Korn/Ferry International

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.

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