Blair William & Co. IL Has $8.94 Million Stock Position in Korn/Ferry International (NYSE:KFY)

Key Points

• Blair William & Co. IL decreased its stake in Korn/Ferry International by 45.1%, owning 131,802 shares valued at approximately $8.94 million as of the latest report.
• Korn/Ferry International reported earnings of $1.32 per share, surpassing the estimate of $1.26, with quarterly revenue of $712.05 million, a 3.1% increase year-over-year.
• The company recently declared a quarterly dividend of $0.48 per share, resulting in an annualized dividend yield of 2.7%.

Blair William & Co. IL decreased its holdings in Korn/Ferry International (NYSE:KFY - Free Report) by 45.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 131,802 shares of the business services provider's stock after selling 108,091 shares during the quarter. Blair William & Co. IL owned approximately 0.26% of Korn/Ferry International worth $8,940,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Versant Capital Management Inc boosted its position in Korn/Ferry International by 75.9% in the 1st quarter. Versant Capital Management Inc now owns 517 shares of the business services provider's stock valued at $35,000 after buying an additional 223 shares during the last quarter. CX Institutional bought a new stake in shares of Korn/Ferry International during the first quarter worth $39,000. Sterling Capital Management LLC lifted its stake in shares of 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 valued at $113,000 after acquiring an additional 1,491 shares during the period. GAMMA Investing LLC boosted its holdings in Korn/Ferry International by 11.4% in the first quarter. GAMMA Investing LLC now owns 1,937 shares of the business services provider's stock valued at $131,000 after acquiring an additional 199 shares during the last quarter. Finally, Arkadios Wealth Advisors bought a new position in Korn/Ferry International in the first quarter valued at about $214,000. Institutional investors own 98.82% of the company's stock.

Korn/Ferry International Stock Performance

NYSE:KFY traded up $0.61 during mid-day trading on Friday, reaching $71.11. 171,735 shares of the company's stock were exchanged, compared to its average volume of 325,423. Korn/Ferry International has a one year low of $59.23 and a one year high of $80.64. The firm has a market capitalization of $3.67 billion, a PE ratio of 15.39 and a beta of 1.47. The business's fifty day simple moving average is $71.73 and its two-hundred day simple moving average is $68.05. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.83 and a current ratio of 1.83.

Korn/Ferry International (NYSE:KFY - Get Free Report) last issued its quarterly earnings results on Wednesday, June 18th. The business services provider reported $1.32 earnings per share (EPS) 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 the consensus estimate of $690.07 million. Korn/Ferry International had a return on equity of 14.49% and a net margin of 8.91%. The firm's quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.26 earnings per share. Analysts anticipate that Korn/Ferry International will post 4.75 earnings per share for the current fiscal year.

Korn/Ferry International Dividend Announcement

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

Analysts Set New Price Targets

KFY has been the topic of several recent research reports. Truist Financial raised their price target on Korn/Ferry International from $80.00 to $88.00 and gave the company a "buy" rating in a report on Friday, June 20th. UBS Group decreased their target price on Korn/Ferry International from $75.00 to $74.00 and set a "neutral" rating for the company in a research note on Tuesday, May 27th. Finally, Wall Street Zen lowered shares of Korn/Ferry International from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, July 9th.

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.