California Public Employees Retirement System lowered its position in shares of Korn/Ferry International (NYSE:KFY) by 3.8% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor 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 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Invictus RG acquired a new stake in shares of Korn/Ferry International during the third quarter worth $416,000. Pinebridge Investments L.P. raised its stake in Korn/Ferry International by 2.6% in the third quarter. Pinebridge Investments L.P. now owns 62,035 shares of the business services provider’s stock valued at $2,446,000 after purchasing an additional 1,558 shares in the last quarter. OxFORD Asset Management LLP acquired a new position in Korn/Ferry International in the third quarter valued at about $1,499,000. Dimensional Fund Advisors LP raised its stake in Korn/Ferry International by 2.3% in the third quarter. Dimensional Fund Advisors LP now owns 4,678,945 shares of the business services provider’s stock valued at $184,492,000 after purchasing an additional 102,976 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its stake in Korn/Ferry International by 0.4% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 669,466 shares of the business services provider’s stock valued at $26,397,000 after purchasing an additional 2,339 shares in the last quarter. 87.95% of the stock is owned by institutional investors.
Shares of Korn/Ferry International (NYSE:KFY) traded down $0.96 during midday trading on Friday, reaching $43.29. The company’s stock had a trading volume of 183,219 shares, compared to its average volume of 318,933. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.94 and a current ratio of 1.94. The firm has a market capitalization of $2,450.00, a P/E ratio of 21.22 and a beta of 1.34. Korn/Ferry International has a 12-month low of $27.47 and a 12-month high of $45.26.
Korn/Ferry International (NYSE:KFY) last issued its earnings results on Wednesday, December 6th. The business services provider reported $0.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.03. The firm 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%. The business’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.59 earnings per share. equities research analysts forecast that Korn/Ferry International will post 2.49 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Wednesday, December 20th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend was Tuesday, December 19th. Korn/Ferry International’s payout ratio is 19.61%.
A number of research firms recently commented on KFY. ValuEngine raised Korn/Ferry International from a “hold” rating to a “buy” rating in a research note on Friday. Robert W. Baird reaffirmed a “hold” rating and issued a $45.00 price target on shares of Korn/Ferry International in a research note on Thursday, December 7th. Zacks Investment Research downgraded Korn/Ferry International from a “buy” rating to a “hold” rating in a research note on Friday, December 8th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $42.00 price target on shares of Korn/Ferry International in a research note on Friday, October 20th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. Korn/Ferry International presently has an average rating of “Hold” and a consensus price target of $43.40.
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About Korn/Ferry International
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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