Texas Permanent School Fund lowered its position in shares of Korn/Ferry International (NYSE:KFY) by 9.5% during the fourth quarter, Holdings Channel reports. The fund owned 38,187 shares of the business services provider’s stock after selling 4,022 shares during the quarter. Texas Permanent School Fund’s holdings in Korn/Ferry International were worth $1,580,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Kornitzer Capital Management Inc. KS boosted its position in shares of Korn/Ferry International by 0.6% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 197,700 shares of the business services provider’s stock worth $7,795,000 after purchasing an additional 1,255 shares in the last quarter. Pinebridge Investments L.P. boosted its position in shares of Korn/Ferry International by 2.6% during the 3rd quarter. Pinebridge Investments L.P. now owns 62,035 shares of the business services provider’s stock worth $2,446,000 after purchasing an additional 1,558 shares in the last quarter. Virginia Retirement Systems ET AL boosted its position in shares of Korn/Ferry International by 5.2% during the 3rd quarter. Virginia Retirement Systems ET AL now owns 38,300 shares of the business services provider’s stock worth $1,510,000 after purchasing an additional 1,900 shares in the last quarter. Neuberger Berman Group LLC boosted its position in shares of Korn/Ferry International by 4.5% during the 3rd quarter. Neuberger Berman Group LLC now owns 50,325 shares of the business services provider’s stock worth $1,984,000 after purchasing an additional 2,150 shares in the last quarter. Finally, American International Group Inc. boosted its position in shares of Korn/Ferry International by 5.6% during the 3rd quarter. American International Group Inc. now owns 41,351 shares of the business services provider’s stock worth $1,630,000 after purchasing an additional 2,208 shares in the last quarter. 88.68% of the stock is currently owned by institutional investors and hedge funds.

Korn/Ferry International (NYSE:KFY) opened at $40.24 on Friday. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.20. Korn/Ferry International has a 1 year low of $28.54 and a 1 year high of $45.26. The stock has a market cap of $2,274.08, a PE ratio of 16.98 and a beta of 1.35.

Korn/Ferry International (NYSE:KFY) last posted its earnings results on Wednesday, December 6th. The business services provider reported $0.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.03. Korn/Ferry International had a net margin of 6.90% and a return on equity of 12.15%. The company had revenue of $443.02 million for the quarter, compared to analyst estimates of $424.09 million. During the same quarter in the prior year, the business posted $0.59 EPS. The firm’s revenue was up 10.2% compared to the same quarter last year. research analysts forecast that Korn/Ferry International will post 2.49 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Wednesday, December 20th were issued a $0.10 dividend. The ex-dividend date was Tuesday, December 19th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.99%. Korn/Ferry International’s dividend payout ratio is presently 19.61%.

KFY has been the topic of a number of research analyst reports. ValuEngine raised shares of Korn/Ferry International from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Robert W. Baird reissued a “hold” rating and set a $45.00 price objective on shares of Korn/Ferry International in a research report on Thursday, December 7th. SunTrust Banks reissued a “buy” rating and set a $42.00 price objective on shares of Korn/Ferry International in a research report on Friday, October 20th. Finally, Zacks Investment Research cut shares of Korn/Ferry International from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $43.40.

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About Korn/Ferry International

Korn/Ferry International (Korn Ferry) is a people and organizational advisory company. The Company and its subsidiaries are engaged in the provision of talent management solutions, including executive search on a retained basis, recruitment for non-executive professionals, recruitment process outsourcing, and leadership and talent consulting services.

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Institutional Ownership by Quarter for Korn/Ferry International (NYSE:KFY)

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