Mutual of America Capital Management LLC Sells 41,111 Shares of Korn/Ferry International (NYSE:KFY)

Mutual of America Capital Management LLC lessened its holdings in shares of Korn/Ferry International (NYSE:KFY - Free Report) by 84.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,512 shares of the business services provider's stock after selling 41,111 shares during the quarter. Mutual of America Capital Management LLC's holdings in Korn/Ferry International were worth $510,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Versant Capital Management Inc lifted its stake in shares of Korn/Ferry International by 75.9% during the 1st quarter. Versant Capital Management Inc now owns 517 shares of the business services provider's stock worth $35,000 after acquiring an additional 223 shares during the last quarter. CX Institutional acquired a new position in Korn/Ferry International during the 1st quarter valued at about $39,000. Sterling Capital Management LLC grew its stake in Korn/Ferry International by 828.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,671 shares of the business services provider's stock valued at $113,000 after purchasing an additional 1,491 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Korn/Ferry International by 11.4% in the first 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. Finally, New Age Alpha Advisors LLC acquired a new position in Korn/Ferry International in the 4th quarter worth about $162,000. Hedge funds and other institutional investors own 98.82% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. UBS Group lowered 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. 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 report on Friday, June 20th. Finally, Wall Street Zen lowered Korn/Ferry International from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, July 9th.

Korn/Ferry International Trading Up 0.6%

Shares of NYSE:KFY opened at $73.62 on Wednesday. The firm has a fifty day moving average of $70.68 and a two-hundred day moving average of $67.66. The firm has a market capitalization of $3.80 billion, a P/E ratio of 15.93 and a beta of 1.42. Korn/Ferry International has a 12-month low of $59.23 and a 12-month 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.

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

Korn/Ferry International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 3rd will be paid a dividend of $0.48 per share. The ex-dividend date is Thursday, July 3rd. This represents a $1.92 annualized dividend and a yield of 2.61%. Korn/Ferry International's dividend payout ratio is 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.

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