Public Sector Pension Investment Board boosted its stake in Korn/Ferry International (NYSE:KFY – Free Report) by 15.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 204,114 shares of the business services provider’s stock after purchasing an additional 28,069 shares during the quarter. Public Sector Pension Investment Board owned about 0.39% of Korn/Ferry International worth $14,284,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. American Century Companies Inc. increased its holdings in Korn/Ferry International by 3.7% in the 2nd quarter. American Century Companies Inc. now owns 1,868,280 shares of the business services provider’s stock valued at $137,001,000 after buying an additional 65,819 shares during the period. Jennison Associates LLC boosted its position in shares of 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 worth $80,231,000 after acquiring an additional 27,203 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in Korn/Ferry International by 7.3% in the third quarter. Thrivent Financial for Lutherans now owns 836,362 shares of the business services provider’s stock valued at $58,529,000 after acquiring an additional 56,647 shares during the last quarter. Ameriprise Financial Inc. raised its position in Korn/Ferry International by 1.2% during the second quarter. Ameriprise Financial Inc. now owns 729,663 shares of the business services provider’s stock valued at $53,505,000 after purchasing an additional 8,637 shares in the last quarter. Finally, Bank of America Corp DE raised its position in Korn/Ferry International by 68.4% during the second quarter. Bank of America Corp DE now owns 665,145 shares of the business services provider’s stock valued at $48,775,000 after purchasing an additional 270,256 shares in the last quarter. 98.82% of the stock is currently owned by institutional investors and hedge funds.
Korn/Ferry International Stock Up 1.9%
Shares of KFY opened at $61.32 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.14 and a current ratio of 2.14. Korn/Ferry International has a 52 week low of $59.23 and a 52 week high of $78.50. The stock has a market capitalization of $3.20 billion, a price-to-earnings ratio of 12.44 and a beta of 1.35. The stock has a fifty day moving average of $67.23 and a 200-day moving average of $68.89.
Korn/Ferry International Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Friday, December 19th were paid a $0.48 dividend. The ex-dividend date of this dividend was Friday, December 19th. This represents a $1.92 annualized dividend and a dividend yield of 3.1%. Korn/Ferry International’s dividend payout ratio is currently 38.95%.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on KFY. The Goldman Sachs Group decreased their price target on Korn/Ferry International from $85.00 to $74.00 and set a “buy” rating on the stock in a research note on Friday, November 21st. Wall Street Zen raised Korn/Ferry International from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Korn/Ferry International in a research report on Wednesday, January 28th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.67.
Get Our Latest Analysis on KFY
Korn/Ferry International Profile
Korn Ferry International is a global organizational consulting firm that partners with clients to design optimal structures, roles and responsibilities. The company’s core offerings include executive search, talent acquisition, leadership development and succession planning. By blending deep industry expertise with data-driven insights, Korn Ferry helps organizations identify, assess and develop executives and high-potential talent for critical roles.
Since its founding in 1969 and with headquarters in Los Angeles, Korn Ferry has expanded its presence to more than 50 offices across North America, Europe, Asia Pacific and Latin America.
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