Edgestream Partners L.P. Purchases 53,175 Shares of Korn/Ferry International (NYSE:KFY)

Edgestream Partners L.P. boosted its stake in Korn/Ferry International (NYSE:KFY - Free Report) by 140.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 91,138 shares of the business services provider's stock after acquiring an additional 53,175 shares during the quarter. Edgestream Partners L.P. owned 0.18% of Korn/Ferry International worth $6,182,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. CX Institutional acquired a new stake in Korn/Ferry International during the first quarter worth approximately $39,000. GAMMA Investing LLC grew its stake in shares of 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 worth $131,000 after purchasing an additional 199 shares during the last quarter. Two Sigma Investments LP bought a new stake in shares of Korn/Ferry International in the fourth quarter worth $1,593,000. Cibc World Markets Corp bought a new stake in shares of Korn/Ferry International in the fourth quarter worth $328,000. Finally, Proficio Capital Partners LLC acquired a new position in Korn/Ferry International in the fourth quarter valued at $685,000. 98.82% of the stock is owned by institutional investors.

Korn/Ferry International Price Performance

NYSE KFY traded down $1.98 on Tuesday, hitting $72.10. The stock had a trading volume of 460,557 shares, compared to its average volume of 401,837. Korn/Ferry International has a 52-week low of $59.23 and a 52-week high of $80.64. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.83 and a current ratio of 1.83. The company has a market capitalization of $3.72 billion, a price-to-earnings ratio of 15.61 and a beta of 1.42. The firm has a 50-day moving average of $69.81 and a 200-day moving average of $67.43.

Korn/Ferry International (NYSE:KFY - Get Free Report) last posted its quarterly earnings data on Wednesday, June 18th. The business services provider reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.06. The firm had revenue of $712.05 million for the quarter, compared to analysts' expectations 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 quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the company posted $1.26 EPS. Equities analysts expect that Korn/Ferry International will post 4.75 EPS for the current year.

Korn/Ferry International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders 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 yield of 2.66%. The ex-dividend date of this dividend is Thursday, July 3rd. Korn/Ferry International's dividend payout ratio (DPR) is presently 41.56%.

Analysts Set New Price Targets

KFY has been the topic of several research reports. Wall Street Zen lowered shares of Korn/Ferry International from a "strong-buy" rating to a "buy" rating in a report on Wednesday, July 9th. Truist Financial upped 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 report on Friday, June 20th. Finally, UBS Group reduced their target price on shares of 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.

Korn/Ferry International Company 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.