 Arkadios Wealth Advisors boosted its holdings in shares of  Korn/Ferry International (NYSE:KFY – Free Report) by 1,239.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor  owned 42,188 shares of the business services provider’s stock after acquiring an additional 39,038 shares during the period. Arkadios Wealth Advisors’ holdings in Korn/Ferry International were worth $3,094,000 at the end of the most recent reporting period.
Arkadios Wealth Advisors boosted its holdings in shares of  Korn/Ferry International (NYSE:KFY – Free Report) by 1,239.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor  owned 42,188 shares of the business services provider’s stock after acquiring an additional 39,038 shares during the period. Arkadios Wealth Advisors’ holdings in Korn/Ferry International were worth $3,094,000 at the end of the most recent reporting period. 
Several other large investors also recently bought and sold shares of the business. Jennison Associates LLC grew its stake in Korn/Ferry International by 2.5% during the 2nd quarter. Jennison Associates LLC now owns 1,094,115 shares of the business services provider’s stock valued at $80,231,000 after acquiring an additional 27,203 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Korn/Ferry International by 1.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 160,367 shares of the business services provider’s stock valued at $11,760,000 after acquiring an additional 2,009 shares in the last quarter. AlphaQuest LLC grew its stake in shares of Korn/Ferry International by 282.6% in the 2nd quarter. AlphaQuest LLC now owns 15,530 shares of the business services provider’s stock valued at $1,139,000 after buying an additional 11,471 shares during the period. R Squared Ltd purchased a new stake in shares of Korn/Ferry International in the 2nd quarter valued at approximately $297,000. Finally, Cookson Peirce & Co. Inc. grew its stake in shares of Korn/Ferry International by 22.6% in the 2nd quarter. Cookson Peirce & Co. Inc. now owns 9,961 shares of the business services provider’s stock valued at $730,000 after buying an additional 1,836 shares during the period. Hedge funds and other institutional investors own 98.82% of the company’s stock.
Korn/Ferry International Price Performance
Korn/Ferry International stock opened at $66.47 on Thursday. Korn/Ferry International has a 52-week low of $59.23 and a 52-week high of $80.64. The company’s 50 day moving average is $71.72 and its two-hundred day moving average is $70.16. The firm has a market cap of $3.48 billion, a PE ratio of 14.11 and a beta of 1.47. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.21.
Korn/Ferry International announced that its Board of Directors has approved a stock buyback plan on Thursday, September 18th that authorizes the company to repurchase $331.40 million in shares. This repurchase authorization authorizes the business services provider to reacquire up to 8.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.
Korn/Ferry International Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Friday, September 26th were issued a $0.48 dividend. The ex-dividend date of this dividend was Friday, September 26th. This represents a $1.92 annualized dividend and a dividend yield of 2.9%. Korn/Ferry International’s payout ratio is presently 40.76%.
Analysts Set New Price Targets
Several analysts have recently weighed in on the stock. Wall Street Zen cut shares of Korn/Ferry International from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 9th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Korn/Ferry International in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.00.
View Our Latest Stock Analysis on Korn/Ferry International
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.
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