Royce & Associates LP Sells 166,577 Shares of Korn/Ferry International (NYSE:KFY)

Royce & Associates LP lessened its stake in Korn/Ferry International (NYSE:KFY - Free Report) by 19.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 679,618 shares of the business services provider's stock after selling 166,577 shares during the quarter. Royce & Associates LP owned approximately 1.32% of Korn/Ferry International worth $46,098,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Invesco Ltd. raised its holdings in shares of Korn/Ferry International by 5.6% in the 4th 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% in 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 acquiring an additional 62,779 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Korn/Ferry International by 3.6% in the first quarter. Victory Capital Management Inc. now owns 920,758 shares of the business services provider's stock worth $62,455,000 after acquiring 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% in 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 acquiring an additional 438,644 shares during the period. Finally, Wellington Management Group LLP bought a new position in shares of Korn/Ferry International in the fourth quarter worth $51,454,000. Institutional investors own 98.82% of the company's stock.

Korn/Ferry International Trading Down 0.2%

Shares of NYSE:KFY traded down $0.16 on Monday, reaching $73.55. 290,765 shares of the company traded hands, compared to its average volume of 440,206. The business's 50-day simple moving average is $71.22 and its 200 day simple moving average is $67.90. Korn/Ferry International has a 52 week low of $59.23 and a 52 week high of $80.64. The stock has a market capitalization of $3.79 billion, a P/E ratio of 15.92 and a beta of 1.42. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.21.

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 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 during the quarter, compared to analyst estimates of $690.07 million. During the same period in the prior year, the business posted $1.26 earnings per share. Korn/Ferry International's revenue for the quarter was up 3.1% on a year-over-year basis. As a group, equities analysts anticipate that Korn/Ferry International will post 4.75 EPS for the current fiscal year.

Korn/Ferry International Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Thursday, July 3rd. This represents a $1.92 annualized dividend and a yield of 2.61%. Korn/Ferry International's dividend payout ratio (DPR) is presently 41.56%.

Wall Street Analyst Weigh In

KFY has been the subject of a number of analyst reports. Wall Street Zen lowered Korn/Ferry International from a "strong-buy" rating to a "buy" rating in a report on Wednesday, July 9th. Truist Financial increased their target price on Korn/Ferry International from $80.00 to $88.00 and gave the company a "buy" rating in a research note on Friday, June 20th. Finally, UBS Group reduced their target price 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 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.