Teacher Retirement System of Texas lessened its position in shares of Korn/Ferry International (NYSE:KFY - Free Report) by 48.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 29,357 shares of the business services provider's stock after selling 27,962 shares during the quarter. Teacher Retirement System of Texas owned 0.06% of Korn/Ferry International worth $1,991,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Versant Capital Management Inc grew its holdings 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 valued at $35,000 after purchasing an additional 223 shares during the period. CX Institutional bought a new stake in Korn/Ferry International during the first quarter valued at about $39,000. Wealthfront Advisers LLC bought a new stake in Korn/Ferry International during the fourth quarter valued at about $76,000. Sterling Capital Management LLC grew its holdings 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 valued at $113,000 after purchasing an additional 1,491 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Korn/Ferry International by 11.4% during the first quarter. GAMMA Investing LLC now owns 1,937 shares of the business services provider's stock valued at $131,000 after purchasing an additional 199 shares during the period. Institutional investors own 98.82% of the company's stock.
Korn/Ferry International Price Performance
Korn/Ferry International stock traded down $1.24 during midday trading on Friday, reaching $73.56. 428,901 shares of the stock traded hands, compared to its average volume of 401,291. The stock's fifty day moving average is $69.81 and its 200-day moving average is $67.43. Korn/Ferry International has a 12 month low of $59.23 and a 12 month high of $80.64. The stock has a market cap of $3.79 billion, a P/E ratio of 15.92 and a beta of 1.42. 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 announced its quarterly earnings results on Wednesday, June 18th. The business services provider reported $1.32 EPS for the quarter, beating analysts' consensus estimates of $1.26 by $0.06. Korn/Ferry International had a return on equity of 14.49% and a net margin of 8.91%. The company had revenue of $712.05 million during the quarter, compared to analyst estimates of $690.07 million. During the same period in the prior year, the company earned $1.26 earnings per share. The firm's revenue was up 3.1% on a year-over-year basis. As a group, equities research analysts anticipate that Korn/Ferry International will post 4.75 EPS for the current year.
Korn/Ferry International Announces Dividend
The business also recently disclosed 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 dividend on an annualized basis and a yield of 2.61%. Korn/Ferry International's dividend payout ratio (DPR) is presently 41.56%.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on KFY. Truist Financial upped their price objective 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. UBS Group dropped their price objective on Korn/Ferry International from $75.00 to $74.00 and set a "neutral" rating for the company in a research note on Tuesday, May 27th. Finally, Wall Street Zen lowered Korn/Ferry International from a "strong-buy" rating to a "buy" rating in a research note on Wednesday.
Check Out Our Latest Research Report on Korn/Ferry International
About Korn/Ferry International
(
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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