Campbell & CO Investment Adviser LLC trimmed its holdings in shares of Korn/Ferry International (NYSE:KFY – Free Report) by 3.9% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 19,440 shares of the business services provider’s stock after selling 792 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Korn/Ferry International were worth $1,426,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KFY. Blue Trust Inc. boosted its holdings in Korn/Ferry International by 21.1% in the second quarter. Blue Trust Inc. now owns 937 shares of the business services provider’s stock worth $69,000 after acquiring an additional 163 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its position in shares of Korn/Ferry International by 3.0% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 5,648 shares of the business services provider’s stock valued at $414,000 after purchasing an additional 165 shares during the last quarter. Savant Capital LLC boosted its stake in Korn/Ferry International by 5.2% in the 2nd quarter. Savant Capital LLC now owns 3,312 shares of the business services provider’s stock worth $243,000 after purchasing an additional 165 shares in the last quarter. Xponance Inc. grew its position in Korn/Ferry International by 3.8% during the 1st quarter. Xponance Inc. now owns 5,004 shares of the business services provider’s stock worth $339,000 after purchasing an additional 184 shares during the last quarter. Finally, Hohimer Wealth Management LLC increased its stake in Korn/Ferry International by 5.8% during the 1st quarter. Hohimer Wealth Management LLC now owns 3,439 shares of the business services provider’s stock valued at $233,000 after purchasing an additional 188 shares in the last quarter. 98.82% of the stock is currently owned by hedge funds and other institutional investors.
Korn/Ferry International Stock Performance
KFY opened at $65.31 on Wednesday. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.21. Korn/Ferry International has a 12-month low of $59.23 and a 12-month high of $80.64. The firm has a 50 day moving average of $69.96 and a two-hundred day moving average of $70.43. The firm has a market capitalization of $3.42 billion, a PE ratio of 13.87 and a beta of 1.49.
Korn/Ferry International Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Friday, September 26th were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, September 26th. Korn/Ferry International’s payout ratio is 40.76%.
Korn/Ferry International declared that its Board of Directors has authorized a stock repurchase plan on Thursday, September 18th that authorizes the company to buyback $331.40 million in shares. This buyback authorization authorizes the business services provider to purchase up to 8.7% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its shares are undervalued.
Analyst Ratings Changes
Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of Korn/Ferry International in a research note on Friday, October 31st. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $81.00.
Check Out Our Latest Stock Report on Korn/Ferry International
About Korn/Ferry International
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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