Korn/Ferry International $KFY Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. lowered its stake in Korn/Ferry International (NYSE:KFY) by 12.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 153,024 shares of the business services provider’s stock after selling 22,235 shares during the period. Pacer Advisors Inc. owned 0.29% of Korn/Ferry International worth $10,103,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. IFP Advisors Inc grew its holdings in shares of Korn/Ferry International by 69.4% during the fourth quarter. IFP Advisors Inc now owns 503 shares of the business services provider’s stock valued at $33,000 after buying an additional 206 shares during the last quarter. Clearstead Advisors LLC raised its stake in Korn/Ferry International by 30,350.0% in the 4th quarter. Clearstead Advisors LLC now owns 609 shares of the business services provider’s stock worth $40,000 after acquiring an additional 607 shares during the last quarter. Kestra Investment Management LLC lifted its position in Korn/Ferry International by 71.8% during the 2nd quarter. Kestra Investment Management LLC now owns 579 shares of the business services provider’s stock worth $42,000 after acquiring an additional 242 shares during the period. Canada Pension Plan Investment Board grew its stake in Korn/Ferry International by 200.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 600 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 400 shares during the last quarter. Finally, Torren Management LLC purchased a new stake in Korn/Ferry International during the 4th quarter valued at about $52,000. 98.82% of the stock is currently owned by institutional investors and hedge funds.

Korn/Ferry International Stock Performance

NYSE KFY opened at $71.52 on Monday. The firm has a market capitalization of $3.71 billion, a P/E ratio of 14.13 and a beta of 1.21. The stock has a 50-day simple moving average of $67.90 and a two-hundred day simple moving average of $66.12. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.01 and a current ratio of 2.01. Korn/Ferry International has a fifty-two week low of $58.95 and a fifty-two week high of $78.50.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Weiss Ratings upgraded Korn/Ferry International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, June 1st. Truist Financial upped their target price on Korn/Ferry International from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, June 9th. Wall Street Zen raised shares of Korn/Ferry International from a “hold” rating to a “buy” rating in a research report on Sunday, March 1st. Finally, UBS Group lifted their price objective on shares of Korn/Ferry International from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, April 9th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Korn/Ferry International presently has a consensus rating of “Moderate Buy” and an average target price of $74.67.

Korn/Ferry International Profile

Korn Ferry International is a global organizational consulting firm that partners with clients to design optimal structures, roles and responsibilities. The company’s core offerings include executive search, talent acquisition, leadership development and succession planning. By blending deep industry expertise with data-driven insights, Korn Ferry helps organizations identify, assess and develop executives and high-potential talent for critical roles.

Since its founding in 1969 and with headquarters in Los Angeles, Korn Ferry has expanded its presence to more than 50 offices across North America, Europe, Asia Pacific and Latin America.