Allspring Global Investments Holdings LLC Purchases 62,779 Shares of Korn/Ferry International (NYSE:KFY)

Allspring Global Investments Holdings LLC boosted its holdings in Korn/Ferry International (NYSE:KFY - Free Report) by 4.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,388,500 shares of the business services provider's stock after purchasing an additional 62,779 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 2.69% of Korn/Ferry International worth $95,001,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of KFY. Handelsbanken Fonder AB boosted its position in shares of Korn/Ferry International by 22.7% during the fourth quarter. Handelsbanken Fonder AB now owns 11,902 shares of the business services provider's stock worth $803,000 after buying an additional 2,200 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in shares of Korn/Ferry International during the 4th quarter worth $270,000. Bank of New York Mellon Corp boosted its holdings in shares of Korn/Ferry International by 3.5% in the fourth quarter. Bank of New York Mellon Corp now owns 811,812 shares of the business services provider's stock worth $54,757,000 after buying an additional 27,292 shares during the period. Illinois Municipal Retirement Fund grew its position in Korn/Ferry International by 8.6% during the 4th quarter. Illinois Municipal Retirement Fund now owns 30,872 shares of the business services provider's stock worth $2,082,000 after purchasing an additional 2,443 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in Korn/Ferry International in the 4th quarter worth about $685,000. Institutional investors own 98.82% of the company's stock.

Analyst Upgrades and Downgrades

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

Korn/Ferry International Price Performance

NYSE:KFY traded up $0.65 during trading hours on Wednesday, reaching $74.56. The company had a trading volume of 642,654 shares, compared to its average volume of 441,627. The company has a quick ratio of 1.90, a current ratio of 1.83 and a debt-to-equity ratio of 0.21. The stock has a 50-day moving average of $67.90 and a two-hundred day moving average of $67.09. 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 $3.85 billion, a PE ratio of 16.14 and a beta of 1.42.

Korn/Ferry International (NYSE:KFY - Get Free Report) last posted its earnings results on Wednesday, June 18th. The business services provider reported $1.32 earnings per share 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 business had revenue of $712.05 million for the quarter, compared to analyst estimates of $690.07 million. During the same quarter in the prior year, the firm earned $1.26 EPS. The firm's quarterly revenue was up 3.1% compared to the same quarter last year. Analysts forecast that Korn/Ferry International will post 4.75 earnings per share for the current year.

Korn/Ferry International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd will be paid a $0.48 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.58%. Korn/Ferry International's dividend payout ratio (DPR) is presently 41.56%.

Korn/Ferry International 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.