Traub Capital Management LLC acquired a new stake in shares of Korn/Ferry International (NYSE:KFY – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,150 shares of the business services provider’s stock, valued at approximately $84,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Choreo LLC bought a new stake in Korn/Ferry International in the 1st quarter valued at $229,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Korn/Ferry International during the first quarter valued at about $1,185,000. LPL Financial LLC increased its holdings in shares of Korn/Ferry International by 16.0% in the first quarter. LPL Financial LLC now owns 31,088 shares of the business services provider’s stock worth $2,109,000 after purchasing an additional 4,291 shares during the last quarter. Wincap Financial LLC lifted its holdings in shares of Korn/Ferry International by 4.2% in the 1st quarter. Wincap Financial LLC now owns 16,786 shares of the business services provider’s stock worth $1,139,000 after acquiring an additional 669 shares during the last quarter. Finally, Picton Mahoney Asset Management boosted its stake in shares of Korn/Ferry International by 160.5% during the 1st quarter. Picton Mahoney Asset Management now owns 19,587 shares of the business services provider’s stock worth $1,328,000 after purchasing an additional 12,069 shares during the period. Institutional investors own 98.82% of the company’s stock.
Korn/Ferry International Stock Performance
Korn/Ferry International stock opened at $63.47 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.21 and a current ratio of 2.21. The company has a market capitalization of $3.33 billion, a PE ratio of 13.48 and a beta of 1.49. The company has a 50 day moving average price of $68.92 and a 200-day moving average price of $70.47. Korn/Ferry International has a fifty-two week low of $59.23 and a fifty-two week high of $80.49.
Korn/Ferry International declared that its Board of Directors has initiated a stock buyback program on Thursday, September 18th that allows the company to buyback $331.40 million in outstanding shares. This buyback authorization allows the business services provider to repurchase up to 8.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.
Korn/Ferry International Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Friday, September 26th were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Friday, September 26th. Korn/Ferry International’s payout ratio is presently 40.76%.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of Korn/Ferry International in a research report on Friday, October 31st. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $81.00.
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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