PNC Financial Services Group Inc. Sells 627 Shares of Korn/Ferry International (NYSE:KFY)

PNC Financial Services Group Inc. reduced its position in shares of Korn/Ferry International (NYSE:KFY) by 10.9% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,149 shares of the business services provider’s stock after selling 627 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Korn/Ferry International were worth $349,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of KFY. Versant Capital Management Inc increased its stake in Korn/Ferry International by 75.9% during the 1st quarter. Versant Capital Management Inc now owns 517 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 223 shares in the last quarter. CX Institutional bought a new stake in Korn/Ferry International during the 1st quarter valued at about $39,000. Sterling Capital Management LLC increased its stake in Korn/Ferry International by 828.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,671 shares of the business services provider’s stock valued at $113,000 after purchasing an additional 1,491 shares in the last quarter. GAMMA Investing LLC increased its stake in Korn/Ferry International by 11.4% during the 1st quarter. GAMMA Investing LLC now owns 1,937 shares of the business services provider’s stock valued at $131,000 after purchasing an additional 199 shares in the last quarter. Finally, Arkadios Wealth Advisors bought a new stake in Korn/Ferry International during the 1st quarter valued at about $214,000. 98.82% of the stock is currently owned by institutional investors.

Korn/Ferry International Stock Performance

Shares of NYSE KFY opened at $72.57 on Friday. The firm’s 50-day moving average price is $72.12 and its 200-day moving average price is $68.11. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.21. The company has a market cap of $3.80 billion, a PE ratio of 15.71 and a beta of 1.47. Korn/Ferry International has a 52-week low of $59.23 and a 52-week high of $80.64.

Korn/Ferry International (NYSE:KFY) last announced its quarterly earnings results on Wednesday, June 18th. The business services provider reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.06. The firm had revenue of $712.05 million for the quarter, compared to the consensus estimate of $690.07 million. Korn/Ferry International had a net margin of 8.91% and a return on equity of 14.49%. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.26 EPS. As a group, analysts anticipate that Korn/Ferry International will post 4.75 EPS for the current year.

Korn/Ferry International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Thursday, July 3rd were issued a $0.48 dividend. The ex-dividend date of this dividend was Thursday, July 3rd. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.6%. Korn/Ferry International’s dividend payout ratio (DPR) is presently 41.56%.

Wall Street Analyst Weigh In

KFY has been the topic of a number of recent analyst reports. Wall Street Zen downgraded shares of Korn/Ferry International from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 9th. Truist Financial raised their price target on shares of Korn/Ferry International from $80.00 to $88.00 and gave the company a “buy” rating in a report on Friday, June 20th. Finally, UBS Group dropped their price target on shares of Korn/Ferry International from $75.00 to $74.00 and set a “neutral” rating on the stock in a report on Tuesday, May 27th.

Korn/Ferry International Profile

Korn Ferry, together with its subsidiaries, provides organizational consulting services worldwide. It operates through four segments: Consulting, Digital, Executive Search, and Recruitment Process Outsourcing (RPO) & Professional Search. The company provides executive search services to recruit board level, chief executive, other senior executive, and general management talent of organizations.