Trust Point Inc. Has $321,000 Position in Korn/Ferry International (NYSE:KFY)

Trust Point Inc. decreased its holdings in Korn/Ferry International (NYSE:KFY - Free Report) by 51.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,739 shares of the business services provider's stock after selling 5,003 shares during the period. Trust Point Inc.'s holdings in Korn/Ferry International were worth $321,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in KFY. Versant Capital Management Inc increased its holdings in shares of Korn/Ferry International by 75.9% in the 1st 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 acquired a new position in Korn/Ferry International in the first quarter worth approximately $39,000. Wealthfront Advisers LLC acquired a new position in Korn/Ferry International in the fourth quarter worth approximately $76,000. Smartleaf Asset Management LLC increased its holdings in Korn/Ferry International by 230.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,381 shares of the business services provider's stock worth $93,000 after buying an additional 963 shares during the last quarter. Finally, Sterling Capital Management LLC increased its holdings in Korn/Ferry International by 828.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,671 shares of the business services provider's stock worth $113,000 after buying an additional 1,491 shares during the last quarter. Institutional investors and hedge funds own 98.82% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on KFY. Wall Street Zen upgraded Korn/Ferry International from a "buy" rating to a "strong-buy" rating in a report on Sunday, June 15th. Truist Financial increased their price objective on Korn/Ferry International from $80.00 to $88.00 and gave the stock a "buy" rating in a report on Friday. Finally, UBS Group dropped their price objective on Korn/Ferry International from $75.00 to $74.00 and set a "neutral" rating on the stock in a report on Tuesday, May 27th.

Korn/Ferry International Stock Performance

Korn/Ferry International stock traded down $0.76 during trading hours on Friday, reaching $70.31. 1,323,986 shares of the company were exchanged, compared to its average volume of 383,323. The firm has a market cap of $3.63 billion, a price-to-earnings ratio of 15.22 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. The stock has a 50-day moving average of $66.25 and a 200 day moving average of $66.99. 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, topping analysts' consensus estimates of $1.26 by $0.06. The firm had revenue of $712.05 million during the quarter, compared to analysts' expectations 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 quarter in the prior year, the business earned $1.26 earnings per share. As a group, research 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 disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd will be given a $0.48 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $1.92 annualized dividend and a dividend yield of 2.73%. Korn/Ferry International's dividend payout ratio is 41.29%.

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.