Curbstone Financial Management Corp boosted its position in Korn/Ferry International (NYSE:KFY) by 96.8% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 30,300 shares of the business services provider’s stock after purchasing an additional 14,900 shares during the period. Curbstone Financial Management Corp owned about 0.05% of Korn/Ferry International worth $1,195,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its stake in shares of Korn/Ferry International by 81,030.6% during the 1st quarter. BlackRock Inc. now owns 6,954,519 shares of the business services provider’s stock valued at $218,997,000 after buying an additional 6,945,947 shares in the last quarter. Vanguard Group Inc. lifted its stake in Korn/Ferry International by 5.7% in the 1st quarter. Vanguard Group Inc. now owns 4,807,533 shares of the business services provider’s stock worth $151,389,000 after purchasing an additional 260,391 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Korn/Ferry International by 8.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,575,969 shares of the business services provider’s stock worth $158,009,000 after purchasing an additional 341,714 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Korn/Ferry International by 0.5% in the 2nd quarter. Wells Fargo & Company MN now owns 1,941,675 shares of the business services provider’s stock worth $67,047,000 after purchasing an additional 9,742 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Korn/Ferry International by 9.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,713,949 shares of the business services provider’s stock worth $59,184,000 after purchasing an additional 143,828 shares in the last quarter. 89.17% of the stock is owned by hedge funds and other institutional investors.
Shares of Korn/Ferry International (NYSE:KFY) traded up 0.05% during mid-day trading on Friday, hitting $41.35. 107,153 shares of the stock were exchanged. Korn/Ferry International has a 52-week low of $19.94 and a 52-week high of $41.46. The stock has a 50-day moving average price of $38.69 and a 200 day moving average price of $34.47. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of 21.62 and a beta of 1.41.
Korn/Ferry International (NYSE:KFY) last released its earnings results on Wednesday, September 6th. The business services provider reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.02. The company had revenue of $401.25 million during the quarter, compared to the consensus estimate of $392.91 million. Korn/Ferry International had a return on equity of 12.03% and a net margin of 6.69%. Korn/Ferry International’s revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.52 EPS. On average, equities research analysts expect that Korn/Ferry International will post $2.45 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Wednesday, September 27th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.97%. The ex-dividend date was Tuesday, September 26th. Korn/Ferry International’s dividend payout ratio is currently 20.83%.
In other news, CEO Gary D. Burnison sold 50,000 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $40.02, for a total transaction of $2,001,000.00. Following the completion of the transaction, the chief executive officer now directly owns 198,700 shares of the company’s stock, valued at $7,951,974. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jerry Leamon sold 8,000 shares of the business’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $40.06, for a total value of $320,480.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 70,000 shares of company stock valued at $2,801,960. Corporate insiders own 1.01% of the company’s stock.
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KFY has been the topic of several research reports. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $42.00 target price on shares of Korn/Ferry International in a report on Friday, October 20th. Zacks Investment Research raised shares of Korn/Ferry International from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a report on Wednesday, October 11th. BidaskClub lowered shares of Korn/Ferry International from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 13th. Finally, Deutsche Bank AG raised their price target on shares of Korn/Ferry International from $34.00 to $40.00 and gave the stock a “hold” rating in a report on Thursday, September 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $42.50.
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.
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