New York State Teachers Retirement System Sells 8,110 Shares of Korn/Ferry International (NYSE:KFY)

New York State Teachers Retirement System reduced its position in shares of Korn/Ferry International (NYSE:KFY - Free Report) by 8.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 82,612 shares of the business services provider's stock after selling 8,110 shares during the period. New York State Teachers Retirement System owned 0.16% of Korn/Ferry International worth $5,604,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP bought a new stake in Korn/Ferry International during the fourth quarter worth $51,454,000. Norges Bank purchased a new position in Korn/Ferry International during the fourth quarter worth about $42,360,000. Rockefeller Capital Management L.P. raised its holdings in shares of Korn/Ferry International by 113.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 826,157 shares of the business services provider's stock valued at $55,724,000 after acquiring an additional 438,644 shares in the last quarter. Tidal Investments LLC grew its holdings in shares of Korn/Ferry International by 5,931.0% during the fourth quarter. Tidal Investments LLC now owns 352,030 shares of the business services provider's stock worth $23,744,000 after purchasing an additional 346,193 shares in the last quarter. Finally, Artemis Investment Management LLP grew its stake in Korn/Ferry International by 64.7% in the 1st quarter. Artemis Investment Management LLP now owns 620,521 shares of the business services provider's stock worth $42,090,000 after buying an additional 243,759 shares in the last quarter. 98.82% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

KFY has been the topic of several research reports. Truist Financial lifted their price target on shares of Korn/Ferry International from $80.00 to $88.00 and gave the stock a "buy" rating in a research note on Friday, June 20th. Wall Street Zen raised shares of Korn/Ferry International from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, July 1st. Finally, UBS Group reduced their price objective on Korn/Ferry International from $75.00 to $74.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 27th.

Korn/Ferry International Trading Down 0.9%

Shares of Korn/Ferry International stock traded down $0.64 during trading on Monday, reaching $73.34. 726,364 shares of the stock were exchanged, compared to its average volume of 399,001. Korn/Ferry International has a 1 year low of $59.23 and a 1 year high of $80.64. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.21. The stock's fifty day moving average is $68.63 and its 200 day moving average is $67.20. The firm has a market cap of $3.78 billion, a price-to-earnings ratio of 15.87 and a beta of 1.42.

Korn/Ferry International (NYSE:KFY - Get Free Report) last posted its quarterly earnings data on Wednesday, June 18th. The business services provider reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.06. The business had revenue of $712.05 million for the quarter, compared to analysts' expectations 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 was up 3.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.26 EPS. As a group, equities research analysts expect that Korn/Ferry International will post 4.75 earnings per share for the current fiscal year.

Korn/Ferry International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd will be issued a dividend of $0.48 per share. The ex-dividend date is Thursday, July 3rd. This represents a $1.92 annualized dividend and a dividend yield of 2.62%. Korn/Ferry International's payout ratio is presently 41.56%.

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.