State of Alaska Department of Revenue Has $1.94 Million Stake in Korn/Ferry International (NYSE:KFY)

State of Alaska Department of Revenue lowered its stake in Korn/Ferry International (NYSE:KFY) by 3.3% in the first quarter, Holdings Channel reports. The fund owned 28,582 shares of the business services provider’s stock after selling 977 shares during the quarter. State of Alaska Department of Revenue’s holdings in Korn/Ferry International were worth $1,938,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. CX Institutional bought a new position in shares of Korn/Ferry International in the first quarter worth about $39,000. Two Sigma Investments LP bought a new position in shares of Korn/Ferry International in the fourth quarter worth about $1,593,000. Smartleaf Asset Management LLC raised its holdings in Korn/Ferry International by 230.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,381 shares of the business services provider’s stock valued at $93,000 after buying an additional 963 shares during the last quarter. Cibc World Markets Corp bought a new position in Korn/Ferry International in the 4th quarter valued at approximately $328,000. Finally, Proficio Capital Partners LLC bought a new position in Korn/Ferry International in the 4th quarter valued at approximately $685,000. Institutional investors own 98.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. UBS Group dropped 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 report on Tuesday, May 27th. Wall Street Zen lowered shares of Korn/Ferry International from a “strong-buy” rating to a “buy” rating in a report on Monday. Finally, 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 report on Friday.

Korn/Ferry International Stock Up 2.5%

Korn/Ferry International stock opened at $72.13 on Tuesday. 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 has a 52-week low of $59.23 and a 52-week high of $80.64. The firm has a 50 day moving average price of $66.40 and a two-hundred day moving average price of $66.96. The firm has a market cap of $3.72 billion, a price-to-earnings ratio of 15.61 and a beta of 1.42.

Korn/Ferry International (NYSE:KFY) last released its quarterly earnings results on Wednesday, June 18th. The business services provider reported $1.32 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $712.05 million during the quarter, compared to analyst estimates of $690.07 million. During the same quarter last year, the business earned $1.26 EPS. The company’s revenue was up 3.1% compared to the same quarter last year. Equities analysts predict that Korn/Ferry International will post 4.75 EPS for the current year.

Korn/Ferry International Dividend Announcement

The business 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 dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 2.66%. The ex-dividend date is Thursday, July 3rd. Korn/Ferry International’s dividend payout ratio (DPR) is 41.56%.

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.