Pzena Investment Management LLC Reduces Stock Holdings in Korn/Ferry International (NYSE:KFY)

Pzena Investment Management LLC lessened its stake in shares of Korn/Ferry International (NYSE:KFY - Free Report) by 23.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 767,958 shares of the business services provider's stock after selling 233,757 shares during the quarter. Pzena Investment Management LLC owned about 1.49% of Korn/Ferry International worth $52,091,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of KFY. Proficio Capital Partners LLC purchased a new stake in shares of Korn/Ferry International during the fourth quarter worth approximately $685,000. Raymond James Financial Inc. purchased a new position in shares of Korn/Ferry International in the fourth quarter valued at $10,727,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Korn/Ferry International by 13.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,933 shares of the business services provider's stock valued at $872,000 after buying an additional 1,490 shares in the last quarter. Wealthfront Advisers LLC acquired a new stake in shares of Korn/Ferry International during the fourth quarter valued at $76,000. Finally, Swiss National Bank boosted its stake in shares of Korn/Ferry International by 1.1% during the fourth quarter. Swiss National Bank now owns 102,300 shares of the business services provider's stock valued at $6,900,000 after acquiring an additional 1,100 shares during the last quarter. Hedge funds and other institutional investors own 98.82% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on KFY shares. Wall Street Zen lowered Korn/Ferry International from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, July 9th. Truist Financial raised their price target on 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, UBS Group decreased their price target on Korn/Ferry International from $75.00 to $74.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 27th.

Korn/Ferry International Trading Up 1.2%

NYSE:KFY traded up $0.86 during mid-day trading on Thursday, reaching $74.51. The company's stock had a trading volume of 437,285 shares, compared to its average volume of 402,367. The company's fifty day simple moving average is $70.52 and its two-hundred day simple moving average is $67.61. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.83 and a quick ratio of 1.83. Korn/Ferry International has a twelve month low of $59.23 and a twelve month high of $80.64. The stock has a market cap of $3.84 billion, a P/E ratio of 16.13 and a beta of 1.42.

Korn/Ferry International (NYSE:KFY - Get Free Report) last released its quarterly earnings data on Wednesday, June 18th. The business services provider reported $1.32 EPS for the quarter, topping analysts' consensus estimates of $1.26 by $0.06. The company had revenue of $712.05 million for the quarter, compared to the consensus estimate of $690.07 million. Korn/Ferry International had a return on equity of 14.49% and a net margin of 8.91%. The company's quarterly revenue was up 3.1% compared to the same quarter last year. During the same period last year, the business posted $1.26 EPS. On average, equities analysts predict that Korn/Ferry International will post 4.75 EPS for the current year.

Korn/Ferry International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd will be issued 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 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.