Gallacher Capital Management LLC Takes $691,000 Position in Korn/Ferry International (NYSE:KFY)

Gallacher Capital Management LLC acquired a new position in Korn/Ferry International (NYSE:KFY - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 10,191 shares of the business services provider's stock, valued at approximately $691,000.

Several other large investors also recently bought and sold shares of KFY. Invesco Ltd. increased its holdings in shares of Korn/Ferry International by 5.6% in the 4th quarter. Invesco Ltd. now owns 1,840,784 shares of the business services provider's stock worth $124,161,000 after buying an additional 97,811 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in Korn/Ferry International by 4.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,388,500 shares of the business services provider's stock valued at $95,001,000 after acquiring an additional 62,779 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Korn/Ferry International by 3.6% during the 1st quarter. Victory Capital Management Inc. now owns 920,758 shares of the business services provider's stock valued at $62,455,000 after purchasing an additional 31,982 shares during the last quarter. Rockefeller Capital Management L.P. grew its holdings in Korn/Ferry International by 113.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 826,157 shares of the business services provider's stock valued at $55,724,000 after purchasing an additional 438,644 shares during the last quarter. Finally, Wellington Management Group LLP bought a new position in Korn/Ferry International during the 4th quarter valued at about $51,454,000. Institutional investors own 98.82% of the company's stock.

Korn/Ferry International Stock Down 0.4%

Shares of KFY traded down $0.27 during midday trading on Thursday, reaching $73.76. 65,155 shares of the stock were exchanged, compared to its average volume of 441,135. Korn/Ferry International has a 52 week low of $59.23 and a 52 week high of $80.64. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.21. The company's 50 day moving average is $70.89 and its two-hundred day moving average is $67.74. The company has a market capitalization of $3.80 billion, a P/E ratio of 15.97 and a beta of 1.42.

Korn/Ferry International (NYSE:KFY - Get Free Report) last issued its earnings results on Wednesday, June 18th. The business services provider reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.06. Korn/Ferry International had a net margin of 8.91% and a return on equity of 14.49%. The company had revenue of $712.05 million for the quarter, compared to analysts' expectations of $690.07 million. During the same period in the prior year, the business earned $1.26 EPS. The firm's quarterly revenue was up 3.1% on a year-over-year basis. On average, sell-side analysts anticipate that Korn/Ferry International will post 4.75 earnings per share for the current year.

Korn/Ferry International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 3rd will be given a dividend of $0.48 per share. The ex-dividend date is Thursday, July 3rd. This represents a $1.92 annualized dividend and a yield of 2.60%. Korn/Ferry International's dividend payout ratio (DPR) is presently 41.56%.

Analyst Upgrades and Downgrades

KFY has been the topic of a number of analyst reports. Truist Financial upped their target price on Korn/Ferry International from $80.00 to $88.00 and gave the company a "buy" rating in a research note on Friday, June 20th. Wall Street Zen downgraded Korn/Ferry International from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, July 9th. Finally, UBS Group cut their price objective on 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.

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.