Picton Mahoney Asset Management Raises Stock Holdings in Korn/Ferry International (NYSE:KFY)

Picton Mahoney Asset Management grew its stake in shares of Korn/Ferry International (NYSE:KFY - Free Report) by 160.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,587 shares of the business services provider's stock after purchasing an additional 12,069 shares during the quarter. Picton Mahoney Asset Management's holdings in Korn/Ferry International were worth $1,328,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Versant Capital Management Inc raised its position in shares of Korn/Ferry International by 75.9% in the 1st quarter. Versant Capital Management Inc now owns 517 shares of the business services provider's stock valued at $35,000 after purchasing an additional 223 shares during the last quarter. CX Institutional acquired a new stake in shares of Korn/Ferry International during the 1st quarter worth approximately $39,000. Sterling Capital Management LLC grew its stake in shares of Korn/Ferry International by 828.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,671 shares of the business services provider's stock worth $113,000 after purchasing an additional 1,491 shares during the period. GAMMA Investing LLC grew its stake in shares of Korn/Ferry International by 11.4% during the 1st 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 period. Finally, New Age Alpha Advisors LLC acquired a new stake in shares of Korn/Ferry International during the 4th quarter worth approximately $162,000. 98.82% of the stock is owned by hedge funds and other institutional investors.

Korn/Ferry International Price Performance

Korn/Ferry International stock traded down $1.92 during trading on Friday, reaching $68.95. The company had a trading volume of 338,354 shares, compared to its average volume of 379,570. The firm's 50-day simple moving average is $71.56 and its 200 day simple moving average is $68.04. Korn/Ferry International has a 1-year low of $59.23 and a 1-year high of $80.64. The firm has a market capitalization of $3.56 billion, a PE ratio of 14.92 and a beta of 1.47. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.83 and a current ratio of 1.83.

Korn/Ferry International (NYSE:KFY - Get Free Report) last announced its earnings results on Wednesday, June 18th. The business services provider reported $1.32 earnings per share (EPS) 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 company had revenue of $712.05 million for the quarter, compared to analysts' expectations of $690.07 million. During the same quarter in the previous year, the company posted $1.26 EPS. The firm's quarterly revenue was up 3.1% on a year-over-year basis. As a group, equities research analysts anticipate that Korn/Ferry International will post 4.75 earnings per share for the current fiscal year.

Korn/Ferry International Dividend Announcement

The firm also recently announced 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. This represents a $1.92 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Thursday, July 3rd. Korn/Ferry International's payout ratio is 41.56%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on KFY shares. 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. UBS Group dropped their price target on shares of 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. Finally, Wall Street Zen cut shares of Korn/Ferry International from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, July 9th.

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.