Headlands Technologies LLC Makes New $105,000 Investment in Korn/Ferry International (NYSE:KFY)

Headlands Technologies LLC purchased a new position in Korn/Ferry International (NYSE:KFY) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,544 shares of the business services provider’s stock, valued at approximately $105,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Versant Capital Management Inc boosted its position in shares of Korn/Ferry International by 75.9% during the 1st 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 in the last quarter. CX Institutional acquired a new stake in shares of Korn/Ferry International during the 1st quarter valued at about $39,000. Sterling Capital Management LLC boosted its position 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 acquiring an additional 1,491 shares in the last quarter. GAMMA Investing LLC boosted its position 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 acquiring an additional 199 shares in the last quarter. Finally, Arkadios Wealth Advisors acquired a new stake in shares of Korn/Ferry International during the 1st quarter valued at about $214,000. 98.82% of the stock is currently owned by institutional investors and hedge funds.

Korn/Ferry International Trading Down 0.7%

Shares of KFY stock opened at $70.57 on Tuesday. Korn/Ferry International has a 12-month low of $59.23 and a 12-month high of $80.64. The company has a market capitalization of $3.64 billion, a P/E ratio of 15.27 and a beta of 1.47. The firm has a 50-day moving average price of $71.85 and a 200 day moving average price of $68.01. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.21.

Korn/Ferry International (NYSE:KFY) last announced its quarterly earnings results on Wednesday, June 18th. The business services provider reported $1.32 earnings per share (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 firm had revenue of $712.05 million during the quarter, compared to the consensus estimate of $690.07 million. During the same period last year, the firm posted $1.26 EPS. The firm’s quarterly 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 fiscal year.

Korn/Ferry International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Thursday, July 3rd were paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Thursday, July 3rd. Korn/Ferry International’s payout ratio is 41.56%.

Analysts Set New Price Targets

Several analysts have recently weighed in on KFY shares. Truist Financial lifted their target price on shares of Korn/Ferry International from $80.00 to $88.00 and gave the company a “buy” rating in a research report on Friday, June 20th. UBS Group cut their price target on shares of Korn/Ferry International from $75.00 to $74.00 and set a “neutral” rating for the company in a report on Tuesday, May 27th. Finally, Wall Street Zen downgraded shares of Korn/Ferry International from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 9th.

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.