Victory Capital Management Inc. Raises Stake in Korn/Ferry International (NYSE:KFY)

Victory Capital Management Inc. boosted its holdings in Korn/Ferry International (NYSE:KFY - Free Report) by 3.6% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 920,758 shares of the business services provider's stock after acquiring an additional 31,982 shares during the period. Victory Capital Management Inc. owned about 1.79% of Korn/Ferry International worth $62,455,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of KFY. Xponance Inc. raised its holdings in shares of Korn/Ferry International by 3.8% during the first quarter. Xponance Inc. now owns 5,004 shares of the business services provider's stock valued at $339,000 after buying an additional 184 shares during the last quarter. Hohimer Wealth Management LLC increased its stake in shares of Korn/Ferry International by 5.8% during the first quarter. Hohimer Wealth Management LLC now owns 3,439 shares of the business services provider's stock valued at $233,000 after acquiring an additional 188 shares during the period. GAMMA Investing LLC increased its stake in shares of Korn/Ferry International by 11.4% during the first quarter. GAMMA Investing LLC now owns 1,937 shares of the business services provider's stock valued at $131,000 after acquiring an additional 199 shares during the period. Versant Capital Management Inc increased its stake 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 acquiring an additional 223 shares during the period. Finally, Summit Investment Advisors Inc. increased its stake in shares of Korn/Ferry International by 4.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 5,432 shares of the business services provider's stock valued at $366,000 after acquiring an additional 225 shares during the period. Institutional investors own 98.82% of the company's stock.

Korn/Ferry International Price Performance

Korn/Ferry International stock traded down $0.53 during mid-day trading on Friday, hitting $73.97. The company's stock had a trading volume of 433,355 shares, compared to its average volume of 403,310. The stock's fifty day moving average price is $70.68 and its two-hundred day moving average price is $67.65. Korn/Ferry International has a twelve month low of $59.23 and a twelve month high of $80.64. 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 stock has a market capitalization of $3.82 billion, a P/E ratio of 16.01 and a beta of 1.42.

Korn/Ferry International (NYSE:KFY - Get Free Report) last posted its quarterly earnings data on Wednesday, June 18th. The business services provider reported $1.32 EPS 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 firm had revenue of $712.05 million during the quarter, compared to analyst estimates of $690.07 million. During the same quarter last year, the business posted $1.26 EPS. The company's revenue was up 3.1% on a year-over-year basis. Research analysts forecast that Korn/Ferry International will post 4.75 earnings per share for the current year.

Korn/Ferry International Dividend Announcement

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 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date of this dividend is Thursday, July 3rd. Korn/Ferry International's dividend payout ratio (DPR) is currently 41.56%.

Wall Street Analyst Weigh In

A number of research firms recently commented on KFY. 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. Truist Financial lifted their price target on shares of Korn/Ferry International from $80.00 to $88.00 and gave the stock a "buy" rating in a research report on Friday, June 20th. Finally, UBS Group decreased 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 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.