Korn/Ferry International Plans Quarterly Dividend of $0.48 (NYSE:KFY)

Korn/Ferry International (NYSE:KFY - Get Free Report) announced a quarterly dividend on Tuesday, June 17th, RTT News reports. Shareholders of record on Thursday, July 3rd will be paid a dividend of 0.48 per share by the business services provider on Thursday, July 31st. This represents a $1.92 annualized dividend and a yield of 2.73%. The ex-dividend date is Thursday, July 3rd.

Korn/Ferry International has a dividend payout ratio of 32.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Korn/Ferry International to earn $5.37 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 35.8%.

Korn/Ferry International Stock Performance

NYSE KFY traded down $0.76 on Friday, hitting $70.31. 1,323,986 shares of the company's stock traded hands, compared to its average volume of 385,669. The company has a current ratio of 1.83, a quick ratio of 1.90 and a debt-to-equity ratio of 0.21. Korn/Ferry International has a 1-year low of $59.23 and a 1-year high of $80.64. The firm's 50-day moving average price is $66.25 and its two-hundred day moving average price is $67.07. The firm has a market capitalization of $3.63 billion, a PE ratio of 15.22 and a beta of 1.42.

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada increased its position in shares of Korn/Ferry International by 22.7% in the first quarter. Royal Bank of Canada now owns 11,413 shares of the business services provider's stock valued at $775,000 after buying an additional 2,112 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Korn/Ferry International by 3.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,567 shares of the business services provider's stock valued at $2,073,000 after buying an additional 1,009 shares in the last quarter. Millennium Management LLC increased its position in shares of Korn/Ferry International by 566.9% during the first quarter. Millennium Management LLC now owns 124,786 shares of the business services provider's stock worth $8,464,000 after purchasing an additional 106,076 shares in the last quarter. United Services Automobile Association purchased a new stake in shares of Korn/Ferry International during the first quarter worth approximately $231,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Korn/Ferry International by 6.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 172,556 shares of the business services provider's stock worth $11,704,000 after purchasing an additional 11,020 shares in the last quarter. 98.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KFY has been the subject of several recent research reports. Truist Financial lifted their price target on 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 upgraded 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 target on Korn/Ferry International from $75.00 to $74.00 and set a "neutral" rating for the company in a research report on Tuesday, May 27th.

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.