Korn/Ferry International (NYSE:KFY) Stock Position Lowered by Allianz Asset Management GmbH

Allianz Asset Management GmbH lowered its position in shares of Korn/Ferry International (NYSE:KFY - Free Report) by 62.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 285,373 shares of the business services provider's stock after selling 468,041 shares during the quarter. Allianz Asset Management GmbH owned about 0.55% of Korn/Ferry International worth $19,357,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Versant Capital Management Inc raised its stake in Korn/Ferry International by 75.9% during the first quarter. Versant Capital Management Inc now owns 517 shares of the business services provider's stock valued at $35,000 after buying an additional 223 shares in the last quarter. CX Institutional acquired a new stake in Korn/Ferry International during the first quarter valued at approximately $39,000. Sterling Capital Management LLC grew its holdings in shares of Korn/Ferry International by 828.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,671 shares of the business services provider's stock valued at $113,000 after purchasing an additional 1,491 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Korn/Ferry International by 11.4% during the first quarter. GAMMA Investing LLC now owns 1,937 shares of the business services provider's stock valued at $131,000 after purchasing an additional 199 shares during the last quarter. Finally, New Age Alpha Advisors LLC bought a new position in shares of Korn/Ferry International during the fourth quarter valued at approximately $162,000. Institutional investors and hedge funds own 98.82% of the company's stock.

Korn/Ferry International Stock Performance

KFY stock traded up $0.09 on Monday, reaching $73.80. The company's stock had a trading volume of 39,224 shares, compared to its average volume of 438,368. Korn/Ferry International has a 52 week low of $59.23 and a 52 week high of $80.64. The company has a market capitalization of $3.81 billion, a P/E ratio of 15.99 and a beta of 1.42. The firm has a fifty day moving average of $71.22 and a two-hundred day moving average of $67.90. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.83 and a quick ratio of 1.83.

Korn/Ferry International (NYSE:KFY - Get Free Report) last issued its quarterly earnings data on Wednesday, June 18th. The business services provider reported $1.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.26 by $0.06. The business had revenue of $712.05 million during the quarter, compared to analyst estimates of $690.07 million. Korn/Ferry International had a return on equity of 14.49% and a net margin of 8.91%. The business's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.26 EPS. As a group, analysts predict that Korn/Ferry International will post 4.75 EPS for the current fiscal year.

Korn/Ferry International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date of this dividend is Thursday, July 3rd. Korn/Ferry International's dividend payout ratio is presently 41.56%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. UBS Group lowered their target price on Korn/Ferry International from $75.00 to $74.00 and set a "neutral" rating for the company in a report on Tuesday, May 27th. Truist Financial upped their target price on Korn/Ferry International from $80.00 to $88.00 and gave the company a "buy" rating in a report on Friday, June 20th. Finally, Wall Street Zen lowered 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.