Korn Ferry (NYSE:KFY) Shares Sold by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System reduced its position in Korn Ferry (NYSE:KFY – Get Rating) by 4.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,590 shares of the business services provider’s stock after selling 834 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Korn Ferry were worth $941,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of KFY. Quadrant Capital Group LLC grew its position in Korn Ferry by 475.5% in the 3rd quarter. Quadrant Capital Group LLC now owns 587 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 485 shares in the last quarter. TCI Wealth Advisors Inc. grew its position in shares of Korn Ferry by 123.8% during the fourth quarter. TCI Wealth Advisors Inc. now owns 573 shares of the business services provider’s stock worth $29,000 after buying an additional 317 shares in the last quarter. Parkside Financial Bank & Trust grew its position in shares of Korn Ferry by 66.8% during the third quarter. Parkside Financial Bank & Trust now owns 709 shares of the business services provider’s stock worth $33,000 after buying an additional 284 shares in the last quarter. CWM LLC grew its position in shares of Korn Ferry by 156.8% during the third quarter. CWM LLC now owns 809 shares of the business services provider’s stock worth $38,000 after buying an additional 494 shares in the last quarter. Finally, Rockefeller Capital Management L.P. grew its position in shares of Korn Ferry by 85.0% during the third quarter. Rockefeller Capital Management L.P. now owns 925 shares of the business services provider’s stock worth $42,000 after buying an additional 425 shares in the last quarter. 91.61% of the stock is owned by institutional investors and hedge funds.

Korn Ferry Stock Performance

Shares of KFY opened at $47.45 on Wednesday. The stock has a 50 day moving average price of $49.88 and a 200 day moving average price of $52.71. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of 10.01 and a beta of 1.50. Korn Ferry has a 52-week low of $44.69 and a 52-week high of $66.65.

Korn Ferry (NYSE:KFY – Get Rating) last announced its quarterly earnings results on Wednesday, March 8th. The business services provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.12. The firm had revenue of $686.80 million during the quarter, compared to the consensus estimate of $669.56 million. Korn Ferry had a return on equity of 19.22% and a net margin of 8.89%. The firm’s quarterly revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.59 earnings per share. Research analysts predict that Korn Ferry will post 4.95 EPS for the current fiscal year.

Korn Ferry Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 14th. Shareholders of record on Tuesday, March 28th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend was Monday, March 27th. Korn Ferry’s dividend payout ratio is currently 12.66%.

Analyst Ratings Changes

KFY has been the subject of a number of analyst reports. Robert W. Baird lowered their price objective on Korn Ferry from $61.00 to $59.00 and set an “outperform” rating for the company in a research report on Thursday, March 16th. The Goldman Sachs Group lowered their price objective on Korn Ferry from $72.00 to $64.00 and set a “buy” rating for the company in a research report on Tuesday, April 11th. Finally, StockNews.com initiated coverage on Korn Ferry in a research report on Thursday, March 16th. They set a “buy” rating for the company. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $62.67.

Korn Ferry Profile

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Korn Ferry operates as a global organizational consulting firm, which engages in synchronizing its clients strategy, operations and talent to drive superior business performance. It operates through the following segments: Consulting, Digital, Executive Search North America, Executive Search EMEA, Executive Search Asia Pacific, Executive Search Latin America, and RPO & Professional Search.