Clearbridge Investments LLC Sells 9,674 Shares of Korn/Ferry International $KFY

Clearbridge Investments LLC lowered its position in Korn/Ferry International (NYSE:KFY) by 7.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 125,828 shares of the business services provider’s stock after selling 9,674 shares during the quarter. Clearbridge Investments LLC’s holdings in Korn/Ferry International were worth $8,307,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Public Sector Pension Investment Board boosted its position in shares of Korn/Ferry International by 15.9% during the 3rd quarter. Public Sector Pension Investment Board now owns 204,114 shares of the business services provider’s stock valued at $14,284,000 after acquiring an additional 28,069 shares during the last quarter. Elo Mutual Pension Insurance Co boosted its position in shares of Korn/Ferry International by 112.6% during the 3rd quarter. Elo Mutual Pension Insurance Co now owns 31,929 shares of the business services provider’s stock valued at $2,234,000 after acquiring an additional 16,913 shares during the last quarter. Hillsdale Investment Management Inc. boosted its position in shares of Korn/Ferry International by 22.4% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 95,680 shares of the business services provider’s stock valued at $6,696,000 after acquiring an additional 17,500 shares during the last quarter. Royce & Associates LP boosted its position in shares of Korn/Ferry International by 28.2% during the 3rd quarter. Royce & Associates LP now owns 661,915 shares of the business services provider’s stock valued at $46,321,000 after acquiring an additional 145,520 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Korn/Ferry International by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 6,159,477 shares of the business services provider’s stock valued at $406,649,000 after acquiring an additional 44,425 shares during the last quarter. Institutional investors own 98.82% of the company’s stock.

Korn/Ferry International Stock Performance

NYSE:KFY opened at $73.57 on Thursday. Korn/Ferry International has a 1-year low of $58.95 and a 1-year high of $78.50. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.01 and a quick ratio of 2.01. The business has a 50 day moving average of $66.65 and a 200 day moving average of $65.79. The company has a market capitalization of $3.82 billion, a price-to-earnings ratio of 14.54 and a beta of 1.21.

Korn/Ferry International (NYSE:KFY) last issued its quarterly earnings results on Monday, March 9th. The business services provider reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.04. Korn/Ferry International had a net margin of 9.29% and a return on equity of 14.36%. The business had revenue of $725.04 million for the quarter, compared to analysts’ expectations of $692.45 million. During the same period last year, the business earned $1.19 earnings per share. The business’s quarterly revenue was up 7.2% on a year-over-year basis. On average, sell-side analysts predict that Korn/Ferry International will post 5.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on KFY. Truist Financial increased their price target on shares of Korn/Ferry International from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday. Wall Street Zen raised shares of Korn/Ferry International from a “hold” rating to a “buy” rating in a report on Sunday, March 1st. Weiss Ratings raised shares of Korn/Ferry International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, June 1st. Finally, UBS Group increased their price target on shares of Korn/Ferry International from $65.00 to $70.00 and gave the stock a “neutral” rating in a report 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target 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.