Leeward Investments LLC MA Trims Holdings in Korn/Ferry International (NYSE:KFY)

Leeward Investments LLC MA lessened its holdings in shares of Korn/Ferry International (NYSE:KFY - Free Report) by 4.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 221,424 shares of the business services provider's stock after selling 10,240 shares during the quarter. Leeward Investments LLC MA owned about 0.43% of Korn/Ferry International worth $15,019,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Versant Capital Management Inc boosted its position 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 worth $35,000 after purchasing an additional 223 shares during the period. CX Institutional bought a new position in Korn/Ferry International during the first quarter worth about $39,000. Wealthfront Advisers LLC bought a new position in Korn/Ferry International during the fourth quarter worth about $76,000. Smartleaf Asset Management LLC boosted its position in Korn/Ferry International by 230.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,381 shares of the business services provider's stock worth $93,000 after purchasing an additional 963 shares during the period. Finally, Sterling Capital Management LLC boosted its position in 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 worth $113,000 after purchasing an additional 1,491 shares during the period. Institutional investors own 98.82% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Wall Street Zen upgraded shares of Korn/Ferry International from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, July 1st. Truist Financial raised their price objective on shares of Korn/Ferry International from $80.00 to $88.00 and gave the company a "buy" rating in a research report on Friday, June 20th. Finally, UBS Group cut their price objective on shares of 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.

Korn/Ferry International Price Performance

Shares of KFY stock traded down $0.66 during trading hours on Friday, reaching $73.98. The stock had a trading volume of 270,999 shares, compared to its average volume of 397,687. The stock's fifty day simple moving average is $68.63 and its 200 day simple moving average is $67.20. The firm has a market capitalization of $3.82 billion, a PE ratio of 16.01 and a beta of 1.42. The company has a current ratio of 1.83, a quick ratio of 1.90 and a debt-to-equity ratio of 0.21. Korn/Ferry International has a 12 month low of $59.23 and a 12 month high of $80.64.

Korn/Ferry International (NYSE:KFY - Get Free Report) last announced its earnings results on Wednesday, June 18th. The business services provider reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.06. Korn/Ferry International had a net margin of 8.91% and a return on equity of 14.49%. The business had revenue of $712.05 million during the quarter, compared to analyst estimates of $690.07 million. During the same period in the previous year, the business posted $1.26 earnings per share. Korn/Ferry International's revenue for the quarter was up 3.1% on a year-over-year basis. On average, equities research analysts predict that Korn/Ferry International will post 4.75 EPS for the current year.

Korn/Ferry International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 3rd will be given 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 2.60%. 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.