Universal Beteiligungs und Servicegesellschaft mbH Takes $1.19 Million Position in Korn/Ferry International (NYSE:KFY)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has acquired a new stake in Korn/Ferry International, purchasing 17,476 shares valued at approximately $1,185,000.
• Korn/Ferry International reported a Q1 EPS of $1.32, exceeding estimates, with revenue of $712.05 million, up 3.1% from the previous year.
• The company recently announced a quarterly dividend of $0.48 per share, representing a 2.8% yield, and has a payout ratio of 41.56%.

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Korn/Ferry International (NYSE:KFY - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 17,476 shares of the business services provider's stock, valued at approximately $1,185,000.

Several other hedge funds have also added to or reduced their stakes in KFY. Versant Capital Management Inc lifted its holdings in shares of Korn/Ferry International by 75.9% during the first 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 in the last quarter. CX Institutional purchased a new position in Korn/Ferry International in the first quarter worth about $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 valued at $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 valued at $131,000 after purchasing an additional 199 shares during the period. Finally, Institute for Wealth Management LLC. bought a new stake in shares of Korn/Ferry International during the 1st quarter valued at about $223,000. 98.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Truist Financial boosted their price target 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. Wall Street Zen downgraded Korn/Ferry International from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, July 9th. Finally, UBS Group cut their price target on Korn/Ferry International from $75.00 to $74.00 and set a "neutral" rating for the company in a research note on Tuesday, May 27th.

Korn/Ferry International Stock Performance

KFY traded down $0.09 during midday trading on Wednesday, reaching $70.37. The company had a trading volume of 76,740 shares, compared to its average volume of 431,462. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.21. The business has a 50-day moving average of $71.64 and a two-hundred day moving average of $68.03. The company has a market cap of $3.63 billion, a P/E ratio of 15.23 and a beta of 1.47. Korn/Ferry International has a 1 year low of $59.23 and a 1 year 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 (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.06. Korn/Ferry International had a return on equity of 14.49% and a net margin of 8.91%. The firm had revenue of $712.05 million during the quarter, compared to analysts' expectations of $690.07 million. During the same quarter last year, the business posted $1.26 earnings per share. The firm's revenue was up 3.1% on a year-over-year basis. As a group, equities research analysts predict that Korn/Ferry International will post 4.75 earnings per share for the current fiscal year.

Korn/Ferry International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders 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 dividend payout ratio (DPR) is presently 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.