New York State Teachers Retirement System trimmed its position in shares of Korn/Ferry International (NYSE:KFY - Free Report) by 8.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 82,612 shares of the business services provider's stock after selling 8,110 shares during the quarter. New York State Teachers Retirement System owned 0.16% of Korn/Ferry International worth $5,604,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently bought and sold shares of the company. CX Institutional purchased a new position in shares of Korn/Ferry International in the 1st quarter worth about $39,000. GAMMA Investing LLC boosted its holdings in shares of Korn/Ferry International by 11.4% in the 1st quarter. GAMMA Investing LLC now owns 1,937 shares of the business services provider's stock worth $131,000 after buying an additional 199 shares during the last quarter. Two Sigma Investments LP purchased a new position in shares of Korn/Ferry International in the 4th quarter worth about $1,593,000. Smartleaf Asset Management LLC boosted its holdings in shares of Korn/Ferry International by 230.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,381 shares of the business services provider's stock worth $93,000 after buying an additional 963 shares during the last quarter. Finally, Cibc World Markets Corp purchased a new position in shares of Korn/Ferry International in the 4th quarter worth about $328,000. 98.82% of the stock is owned by hedge funds and other institutional investors.
Korn/Ferry International Price Performance
KFY traded up $0.95 during midday trading on Wednesday, hitting $74.76. The stock had a trading volume of 461,715 shares, compared to its average volume of 400,016. The company has a market cap of $3.86 billion, a P/E ratio of 16.18 and a beta of 1.42. The business has a fifty day moving average of $69.37 and a 200 day moving average of $67.35. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.83 and a current ratio of 1.83. Korn/Ferry International has a 1 year low of $59.23 and a 1 year high of $80.64.
Korn/Ferry International (NYSE:KFY - Get Free Report) last issued its earnings results on Wednesday, June 18th. The business services provider reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. Korn/Ferry International's revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.26 earnings per share. As a group, equities 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 will be paid on Thursday, July 31st. Investors 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 yield of 2.57%. The ex-dividend date is Thursday, July 3rd. Korn/Ferry International's payout ratio is 41.56%.
Analyst Ratings Changes
Several equities research analysts have commented on KFY shares. Truist Financial upped their price objective on shares of Korn/Ferry International from $80.00 to $88.00 and gave the company a "buy" rating in a report on Friday, June 20th. Wall Street Zen downgraded shares of Korn/Ferry International from a "strong-buy" rating to a "buy" rating in a report on Wednesday. Finally, UBS Group dropped their price objective on shares of Korn/Ferry International from $75.00 to $74.00 and set a "neutral" rating on the stock in a report on Tuesday, May 27th.
Read Our Latest Research Report on Korn/Ferry International
Korn/Ferry International Profile
(
Free Report)
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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