Korn/Ferry International (NYSE:KFY) Shares Sold by Tributary Capital Management LLC

Tributary Capital Management LLC lowered its position in Korn/Ferry International (NYSE:KFY - Free Report) by 3.5% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 341,375 shares of the business services provider's stock after selling 12,282 shares during the period. Korn/Ferry International accounts for approximately 2.0% of Tributary Capital Management LLC's portfolio, making the stock its 10th biggest holding. Tributary Capital Management LLC owned approximately 0.66% of Korn/Ferry International worth $23,155,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC acquired a new position in Korn/Ferry International in the 4th quarter valued at about $685,000. Raymond James Financial Inc. purchased a new stake in Korn/Ferry International during the fourth quarter worth approximately $10,727,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Korn/Ferry International by 13.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,933 shares of the business services provider's stock worth $872,000 after purchasing an additional 1,490 shares during the last quarter. Wealthfront Advisers LLC purchased a new stake in Korn/Ferry International during the fourth quarter worth approximately $76,000. Finally, Swiss National Bank boosted its holdings in shares of Korn/Ferry International by 1.1% in the fourth quarter. Swiss National Bank now owns 102,300 shares of the business services provider's stock valued at $6,900,000 after acquiring an additional 1,100 shares during the period. Hedge funds and other institutional investors own 98.82% of the company's stock.

Korn/Ferry International Trading Up 1.2%

Shares of NYSE KFY traded up $0.86 during midday trading on Thursday, hitting $74.51. The stock had a trading volume of 437,285 shares, compared to its average volume of 402,367. The company has a market capitalization of $3.84 billion, a price-to-earnings ratio of 16.13 and a beta of 1.42. 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 company has a fifty day moving average price of $70.52 and a 200 day moving average price of $67.61.

Korn/Ferry International (NYSE:KFY - Get Free Report) last announced its earnings results on Wednesday, June 18th. The business services provider reported $1.32 EPS 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 the consensus estimate of $690.07 million. Korn/Ferry International had a return on equity of 14.49% and a net margin of 8.91%. The company's revenue was up 3.1% on a year-over-year basis. During the same period last year, the business posted $1.26 EPS. On average, analysts predict that Korn/Ferry International will post 4.75 earnings per share for the current year.

Korn/Ferry International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 3rd will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $1.92 annualized dividend and a yield of 2.58%. Korn/Ferry International's dividend payout ratio is presently 41.56%.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. UBS Group cut their price objective on Korn/Ferry International from $75.00 to $74.00 and set a "neutral" rating for the company in a research report on Tuesday, May 27th. Wall Street Zen lowered Korn/Ferry International from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, July 9th. Finally, Truist Financial raised their price target on Korn/Ferry International from $80.00 to $88.00 and gave the stock a "buy" rating in a research note on Friday, June 20th.

Korn/Ferry International Company Profile

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.