Illinois Municipal Retirement Fund Sells 5,170 Shares of Korn/Ferry International (NYSE:KFY)

Illinois Municipal Retirement Fund decreased its position in shares of Korn/Ferry International (NYSE:KFY - Free Report) by 16.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 25,702 shares of the business services provider's stock after selling 5,170 shares during the period. Illinois Municipal Retirement Fund's holdings in Korn/Ferry International were worth $1,743,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Invesco Ltd. boosted its holdings in Korn/Ferry International by 5.6% in the fourth quarter. Invesco Ltd. now owns 1,840,784 shares of the business services provider's stock worth $124,161,000 after acquiring an additional 97,811 shares in the last quarter. Thrivent Financial for Lutherans raised its position in shares of Korn/Ferry International by 19.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,133,548 shares of the business services provider's stock worth $76,458,000 after purchasing an additional 184,170 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Korn/Ferry International by 11.5% in the 4th quarter. Victory Capital Management Inc. now owns 888,776 shares of the business services provider's stock worth $59,948,000 after purchasing an additional 91,461 shares in the last quarter. Royce & Associates LP boosted its stake in Korn/Ferry International by 3.8% in the 4th quarter. Royce & Associates LP now owns 846,195 shares of the business services provider's stock worth $57,076,000 after purchasing an additional 30,959 shares in the last quarter. Finally, Rockefeller Capital Management L.P. grew its position in Korn/Ferry International by 113.2% during 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 purchasing an additional 438,644 shares during the last quarter. Institutional investors own 98.82% of the company's stock.

Korn/Ferry International Stock Performance

Shares of KFY traded down $0.66 during mid-day trading on Friday, hitting $73.98. 270,999 shares of the company traded hands, compared to its average volume of 396,951. The stock has a market cap of $3.82 billion, a price-to-earnings ratio of 16.01 and a beta of 1.42. The stock has a 50-day moving average price of $68.63 and a two-hundred day moving average price of $67.20. Korn/Ferry International has a 1 year low of $59.23 and a 1 year high of $80.64. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.90 and a current ratio of 1.83.

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

Korn/Ferry International Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Wall Street Zen upgraded Korn/Ferry International from a "buy" rating to a "strong-buy" rating in a research note on Tuesday. Truist Financial upped their price target 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, UBS Group reduced their price objective 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.

Korn/Ferry International 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.