Korn/Ferry International (KFY) Shares Sold by Texas Permanent School Fund

Texas Permanent School Fund cut its stake in shares of Korn/Ferry International (NYSE:KFY) by 9.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 38,187 shares of the business services provider’s stock after selling 4,022 shares during the period. Texas Permanent School Fund owned about 0.07% of Korn/Ferry International worth $1,580,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. OLD National Bancorp IN acquired a new position in shares of Korn/Ferry International during the third quarter worth $208,000. CAPROCK Group Inc. acquired a new position in shares of Korn/Ferry International during the fourth quarter worth $208,000. First Quadrant L P CA acquired a new position in shares of Korn/Ferry International during the third quarter worth $212,000. Shelton Capital Management acquired a new position in shares of Korn/Ferry International during the third quarter worth $218,000. Finally, FDx Advisors Inc. acquired a new position in shares of Korn/Ferry International during the third quarter worth $240,000. Institutional investors own 88.68% of the company’s stock.

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

Korn/Ferry International (NYSE:KFY) last issued its quarterly earnings data on Wednesday, December 6th. The business services provider reported $0.67 earnings per share for the quarter, topping the 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 analysts’ expectations of $424.09 million. During the same quarter in the previous year, the firm posted $0.59 earnings per share. Korn/Ferry International’s revenue for the quarter was up 10.2% on a year-over-year basis. analysts forecast that Korn/Ferry International will post 2.49 EPS for the current year.

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

KFY has been the topic of several analyst reports. Zacks Investment Research raised shares of Korn/Ferry International from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a research note on Wednesday, November 8th. ValuEngine cut shares of Korn/Ferry International from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. SunTrust Banks reissued a “buy” rating and issued a $42.00 price objective on shares of Korn/Ferry International in a research note on Friday, October 20th. Finally, Robert W. Baird reissued a “hold” rating and issued a $45.00 price objective on shares of Korn/Ferry International in a research note on Thursday, December 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $43.40.

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Korn/Ferry International Company Profile

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.

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

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