Jefferies Financial Group Inc. Has $209,000 Position in Korn/Ferry International (NYSE:KFY)

Key Points

• Jefferies Financial Group Inc. has significantly reduced its holdings in Korn/Ferry International by 67.7%, owning only 3,087 shares after selling 6,466 shares in the first quarter.
• Korn/Ferry International reported an EPS of $1.32 in its latest quarter, surpassing analysts' expectations, and achieved a revenue of $712.05 million, marking a 3.1% increase from the previous year.
• The company declared a $0.48 quarterly dividend, leading to an annualized yield of 2.7% and a payout ratio of 41.56%.

Jefferies Financial Group Inc. trimmed its position in Korn/Ferry International (NYSE:KFY - Free Report) by 67.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,087 shares of the business services provider's stock after selling 6,466 shares during the quarter. Jefferies Financial Group Inc.'s holdings in Korn/Ferry International were worth $209,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Invesco Ltd. boosted its holdings in shares of Korn/Ferry International by 5.6% during the fourth quarter. Invesco Ltd. now owns 1,840,784 shares of the business services provider's stock worth $124,161,000 after purchasing an additional 97,811 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of 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 worth $95,001,000 after purchasing an additional 62,779 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Korn/Ferry International by 3.6% during the first quarter. Victory Capital Management Inc. now owns 920,758 shares of the business services provider's stock worth $62,455,000 after purchasing an additional 31,982 shares during the period. Rockefeller Capital Management L.P. boosted its holdings in shares of Korn/Ferry International by 113.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 826,157 shares of the business services provider's stock worth $55,724,000 after purchasing an additional 438,644 shares during the period. Finally, Wellington Management Group LLP acquired a new stake in shares of Korn/Ferry International during the fourth quarter worth approximately $51,454,000. 98.82% of the stock is currently owned by institutional investors and hedge funds.

Korn/Ferry International Stock Performance

Shares of NYSE:KFY traded up $1.84 during trading on Wednesday, reaching $73.59. The stock had a trading volume of 65,807 shares, compared to its average volume of 424,798. Korn/Ferry International has a 52 week low of $59.23 and a 52 week high of $80.64. The firm has a market capitalization of $3.85 billion, a price-to-earnings ratio of 15.91 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. The stock has a fifty day simple moving average of $71.89 and a two-hundred day simple moving average of $68.04.

Korn/Ferry International (NYSE:KFY - Get Free Report) last released its quarterly earnings results on Wednesday, June 18th. The business services provider reported $1.32 EPS for the quarter, beating analysts' consensus estimates 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 analyst estimates of $690.07 million. During the same quarter last year, the firm posted $1.26 earnings per share. The company's quarterly revenue was up 3.1% compared to the same quarter last year. As a group, analysts anticipate that Korn/Ferry International will post 4.75 earnings per share for the current fiscal year.

Korn/Ferry International Announces Dividend

The firm also recently declared 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. The ex-dividend date was Thursday, July 3rd. This represents a $1.92 dividend on an annualized basis and a yield of 2.6%. Korn/Ferry International's payout ratio is currently 41.56%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on KFY shares. Wall Street Zen lowered shares of Korn/Ferry International from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, July 9th. Truist Financial raised their price objective on shares of Korn/Ferry International from $80.00 to $88.00 and gave the company a "buy" rating in a research report on Friday, June 20th. Finally, UBS Group cut their price objective on shares of 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.