California Public Employees Retirement System lessened its holdings in shares of Korn/Ferry International (NYSE:KFY) by 3.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 97,613 shares of the business services provider’s stock after selling 3,887 shares during the quarter. California Public Employees Retirement System owned about 0.17% of Korn/Ferry International worth $3,849,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Riverhead Capital Management LLC boosted its position in shares of Korn/Ferry International by 80.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,430 shares of the business services provider’s stock valued at $118,000 after acquiring an additional 1,530 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of Korn/Ferry International by 26.7% during the 2nd quarter. SG Americas Securities LLC now owns 4,161 shares of the business services provider’s stock valued at $144,000 after acquiring an additional 878 shares during the last quarter. OLD National Bancorp IN bought a new stake in shares of Korn/Ferry International during the 3rd quarter valued at about $208,000. First Quadrant L P CA bought a new stake in shares of Korn/Ferry International during the 3rd quarter valued at about $212,000. Finally, FDx Advisors Inc. bought a new stake in shares of Korn/Ferry International during the 3rd quarter valued at about $240,000. Hedge funds and other institutional investors own 86.09% of the company’s stock.
A number of analysts have recently issued reports on KFY shares. SunTrust Banks reiterated a “buy” rating and set a $42.00 price target on shares of Korn/Ferry International in a research report on Friday, October 20th. ValuEngine downgraded Korn/Ferry International from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research upgraded Korn/Ferry International from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research report on Wednesday, October 11th. Finally, Robert W. Baird reiterated a “hold” rating and set a $37.00 price target on shares of Korn/Ferry International in a research report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $43.40.
Shares of Korn/Ferry International (NYSE KFY) opened at $42.61 on Friday. The firm has a market capitalization of $2,370.00, a P/E ratio of 20.89 and a beta of 1.36. Korn/Ferry International has a 12-month low of $27.47 and a 12-month high of $44.08. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.94 and a quick ratio of 1.94.
Korn/Ferry International (NYSE:KFY) last released its earnings results on Wednesday, December 6th. The business services provider reported $0.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.03. The company had revenue of $443.02 million during the quarter, compared to the consensus estimate of $424.09 million. Korn/Ferry International had a return on equity of 12.15% and a net margin of 6.90%. Korn/Ferry International’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 EPS. analysts expect that Korn/Ferry International will post 2.49 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Wednesday, December 20th will be given a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, December 19th. This represents a $0.40 dividend on an annualized basis and a yield of 0.94%. Korn/Ferry International’s payout ratio is 19.61%.
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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.
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