99,283 Shares in Korn/Ferry International (NYSE:KFY) Purchased by Ruffer LLP

Key Points

• Ruffer LLP acquired a significant stake in Korn/Ferry International, purchasing 99,283 shares for approximately $6.7 million, representing about 0.19% of the company's stock.
• Analysts have set new price targets for Korn/Ferry International, with UBS lowering their target from $75.00 to $74.00, while Truist Financial raised it from $80.00 to $88.00.
• Korn/Ferry International recently reported earnings of $1.32 EPS, exceeding estimates, and declared a quarterly dividend of $0.48 per share.

Ruffer LLP purchased a new stake in Korn/Ferry International (NYSE:KFY - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 99,283 shares of the business services provider's stock, valued at approximately $6,734,000. Ruffer LLP owned approximately 0.19% of Korn/Ferry International at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of KFY. Invesco Ltd. lifted its holdings in shares of Korn/Ferry International by 5.6% during the 4th quarter. Invesco Ltd. now owns 1,840,784 shares of the business services provider's stock worth $124,161,000 after acquiring an additional 97,811 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Korn/Ferry International by 4.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,388,500 shares of the business services provider's stock valued at $95,001,000 after purchasing an additional 62,779 shares during the last quarter. Victory Capital Management Inc. increased its position in Korn/Ferry International by 3.6% in the 1st quarter. Victory Capital Management Inc. now owns 920,758 shares of the business services provider's stock valued at $62,455,000 after acquiring an additional 31,982 shares during the period. Rockefeller Capital Management L.P. increased its position in Korn/Ferry International by 113.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 826,157 shares of the business services provider's stock valued at $55,724,000 after acquiring an additional 438,644 shares during the period. Finally, Wellington Management Group LLP acquired a new position in Korn/Ferry International in the 4th quarter valued at approximately $51,454,000. Institutional investors and hedge funds own 98.82% of the company's stock.

Korn/Ferry International Stock Up 0.0%

Shares of KFY traded up $0.01 during trading hours on Wednesday, reaching $70.47. 208,471 shares of the stock traded hands, compared to its average volume of 350,763. Korn/Ferry International has a 52 week low of $59.23 and a 52 week high of $80.64. The stock has a fifty day simple moving average of $71.64 and a 200 day simple moving average of $68.03. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.21. The company has a market cap of $3.63 billion, a price-to-earnings ratio of 15.25 and a beta of 1.47.

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 the consensus estimate of $1.26 by $0.06. The firm had revenue of $712.05 million during 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% on a year-over-year basis. During the same quarter last year, the company earned $1.26 earnings per share. On average, equities analysts forecast that Korn/Ferry International will post 4.75 EPS for the current year.

Korn/Ferry International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Thursday, July 3rd were paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Thursday, July 3rd. Korn/Ferry International's payout ratio is presently 41.56%.

Analysts Set New Price Targets

Several research analysts recently issued reports on KFY shares. Wall Street Zen lowered shares of Korn/Ferry International from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, July 9th. UBS Group dropped 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 note on Tuesday, May 27th. Finally, 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 note on Friday, June 20th.

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.