GSA Capital Partners LLP Takes Position in Korn/Ferry International (NYSE:KFY)

GSA Capital Partners LLP acquired a new position in Korn/Ferry International (NYSE:KFY - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,791 shares of the business services provider's stock, valued at approximately $732,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. LPL Financial LLC boosted its holdings in shares of Korn/Ferry International by 13.4% in the fourth quarter. LPL Financial LLC now owns 26,797 shares of the business services provider's stock valued at $1,807,000 after acquiring an additional 3,167 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Korn/Ferry International by 11.3% in the fourth quarter. JPMorgan Chase & Co. now owns 474,042 shares of the business services provider's stock worth $31,974,000 after purchasing an additional 48,074 shares during the period. Norges Bank bought a new position in Korn/Ferry International during the 4th quarter valued at $42,360,000. Schroder Investment Management Group increased its position in shares of Korn/Ferry International by 7.3% during the 4th quarter. Schroder Investment Management Group now owns 61,899 shares of the business services provider's stock valued at $4,148,000 after purchasing an additional 4,187 shares during the period. Finally, O Shaughnessy Asset Management LLC raised its stake in shares of Korn/Ferry International by 31.0% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 11,093 shares of the business services provider's stock worth $748,000 after buying an additional 2,624 shares in the last quarter. Institutional investors own 98.82% of the company's stock.

Analyst Ratings Changes

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 cut shares of Korn/Ferry International from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, July 9th. Finally, UBS Group dropped their target price on shares of 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 Stock Performance

Shares of NYSE KFY opened at $68.95 on Friday. The stock's fifty day simple moving average is $71.56 and its 200 day simple moving average is $68.03. The stock has a market capitalization of $3.56 billion, a price-to-earnings ratio of 14.92 and a beta of 1.47. 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.

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 for the quarter, topping 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 firm had revenue of $712.05 million for the quarter, compared to analysts' expectations of $690.07 million. During the same quarter last year, the business posted $1.26 EPS. Korn/Ferry International's revenue was up 3.1% on a year-over-year basis. As a group, sell-side analysts forecast 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 announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Thursday, July 3rd were paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Thursday, July 3rd. Korn/Ferry International's payout ratio is 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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