Ritholtz Wealth Management Boosts Stock Position in Korn/Ferry International (NYSE:KFY)

Ritholtz Wealth Management boosted its position in shares of Korn/Ferry International (NYSE:KFY - Free Report) by 311.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,545 shares of the business services provider's stock after buying an additional 10,254 shares during the quarter. Ritholtz Wealth Management's holdings in Korn/Ferry International were worth $919,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KFY. Versant Capital Management Inc raised its holdings in Korn/Ferry International by 75.9% during the 1st quarter. Versant Capital Management Inc now owns 517 shares of the business services provider's stock valued at $35,000 after buying an additional 223 shares during the last quarter. CX Institutional purchased a new position in Korn/Ferry International during the 1st quarter valued at $39,000. Wealthfront Advisers LLC purchased a new position in Korn/Ferry International during the 4th quarter valued at $76,000. Smartleaf Asset Management LLC increased its position in Korn/Ferry International by 230.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,381 shares of the business services provider's stock valued at $93,000 after purchasing an additional 963 shares during the period. Finally, Sterling Capital Management LLC increased its position in 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 valued at $113,000 after purchasing an additional 1,491 shares during the period. 98.82% of the stock is currently owned by institutional investors.

Korn/Ferry International Stock Down 1.1%

Shares of NYSE:KFY traded down $0.76 during midday trading on Friday, reaching $70.31. The company's stock had a trading volume of 1,323,986 shares, compared to its average volume of 383,323. The firm has a 50 day moving average of $66.25 and a 200-day moving average of $66.99. The firm has a market capitalization of $3.63 billion, a P/E ratio of 15.22 and a beta of 1.42. The company has a quick ratio of 1.90, a current ratio of 1.83 and a debt-to-equity ratio of 0.21. Korn/Ferry International has a 12-month low of $59.23 and a 12-month high of $80.64.

Korn/Ferry International (NYSE:KFY - Get Free Report) last released 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. The firm had revenue of $712.05 million for the quarter, compared to the consensus estimate of $690.07 million. Korn/Ferry International had a net margin of 8.91% and a return on equity of 14.49%. The company's revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.26 EPS. On average, research analysts anticipate that Korn/Ferry International will post 4.75 earnings per share for the current year.

Korn/Ferry International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 3rd will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 2.73%. The ex-dividend date is Thursday, July 3rd. Korn/Ferry International's dividend payout ratio is currently 41.29%.

Analyst Ratings Changes

A number of research analysts have issued reports on KFY shares. Truist Financial boosted 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. Wall Street Zen raised shares of Korn/Ferry International from a "buy" rating to a "strong-buy" rating in a research report on Sunday, June 15th. Finally, UBS Group reduced 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.

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.