Trust Point Inc. Sells 5,003 Shares of Korn/Ferry International (NYSE:KFY)

Trust Point Inc. trimmed its stake in Korn/Ferry International (NYSE:KFY) by 51.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,739 shares of the business services provider’s stock after selling 5,003 shares during the quarter. Trust Point Inc.’s holdings in Korn/Ferry International were worth $321,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in KFY. Versant Capital Management Inc grew its stake in shares of Korn/Ferry International by 75.9% in the first quarter. Versant Capital Management Inc now owns 517 shares of the business services provider’s stock valued at $35,000 after buying an additional 223 shares in the last quarter. CX Institutional bought a new position in shares of Korn/Ferry International in the 1st quarter valued at about $39,000. Wealthfront Advisers LLC bought a new position in shares of Korn/Ferry International in the 4th quarter valued at about $76,000. Smartleaf Asset Management LLC increased its stake in shares of Korn/Ferry International by 230.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,381 shares of the business services provider’s stock worth $93,000 after purchasing an additional 963 shares during the last quarter. Finally, Sterling Capital Management LLC raised its holdings in shares of Korn/Ferry International by 828.3% in 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 during the period. Institutional investors and hedge funds own 98.82% of the company’s stock.

Korn/Ferry International Trading Down 1.3%

Shares of KFY stock opened at $66.73 on Wednesday. Korn/Ferry International has a 12-month low of $59.23 and a 12-month high of $80.64. The company has a market capitalization of $3.44 billion, a PE ratio of 14.35 and a beta of 1.42. The firm has a 50 day moving average price of $65.82 and a two-hundred day moving average price of $67.15. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.22.

Wall Street Analysts Forecast Growth

KFY has been the subject of a number of research analyst reports. UBS Group reduced their price target on Korn/Ferry International from $75.00 to $74.00 and set a “neutral” rating for the company in a report on Tuesday, May 27th. Wall Street Zen raised Korn/Ferry International from a “buy” rating to a “strong-buy” rating in a report on Sunday. Finally, Truist Financial dropped their price target on Korn/Ferry International from $84.00 to $80.00 and set a “buy” rating on the stock in a research note on Tuesday, April 15th.

About Korn/Ferry International

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.