Tower Research Capital LLC TRC purchased a new position in shares of Korn/Ferry International (NYSE:KFY) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 9,082 shares of the company’s stock, valued at approximately $188,000.
Several other hedge funds and other institutional investors have also made changes to their positions in KFY. Vanguard Group Inc. increased its position in Korn/Ferry International by 6.2% in the second quarter. Vanguard Group Inc. now owns 4,131,870 shares of the company’s stock worth $85,530,000 after buying an additional 239,495 shares in the last quarter. BlackRock Fund Advisors boosted its stake in shares of Korn/Ferry International by 6.0% in the first quarter. BlackRock Fund Advisors now owns 3,366,467 shares of the company’s stock worth $95,237,000 after buying an additional 190,593 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Korn/Ferry International by 2.5% in the second quarter. Dimensional Fund Advisors LP now owns 3,159,583 shares of the company’s stock worth $65,401,000 after buying an additional 76,441 shares during the last quarter. Jennison Associates LLC boosted its stake in shares of Korn/Ferry International by 9.5% in the second quarter. Jennison Associates LLC now owns 2,178,476 shares of the company’s stock worth $45,094,000 after buying an additional 188,949 shares during the last quarter. Finally, Royce & Associates LP boosted its stake in shares of Korn/Ferry International by 63.1% in the second quarter. Royce & Associates LP now owns 1,491,418 shares of the company’s stock worth $30,872,000 after buying an additional 576,924 shares during the last quarter. 84.58% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Korn/Ferry International (NYSE:KFY) opened at 21.00 on Monday. Korn/Ferry International has a 52-week low of $18.57 and a 52-week high of $38.93. The company’s 50 day moving average price is $22.89 and its 200 day moving average price is $25.32. The stock has a market cap of $1.22 billion, a PE ratio of 103.96 and a beta of 1.56.
Korn/Ferry International (NYSE:KFY) last issued its quarterly earnings results on Thursday, September 8th. The company reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by $0.01. Korn/Ferry International had a return on equity of 11.83% and a net margin of 0.76%. The firm had revenue of $392.90 million for the quarter. During the same period in the prior year, the company posted $0.47 earnings per share. The business’s revenue for the quarter was up 40.7% compared to the same quarter last year. On average, analysts anticipate that Korn/Ferry International will post $2.24 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Monday, September 26th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, September 22nd. This represents a $0.40 dividend on an annualized basis and a yield of 1.90%. Korn/Ferry International’s dividend payout ratio is currently 190.49%.
A number of analysts have commented on KFY shares. Zacks Investment Research cut Korn/Ferry International from a “hold” rating to a “sell” rating in a research report on Monday, September 12th. Robert W. Baird cut Korn/Ferry International from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $35.00 to $27.00 in a research report on Thursday, June 16th. Piper Jaffray Cos. restated a “neutral” rating and issued a $25.00 price target (down previously from $31.00) on shares of Korn/Ferry International in a research report on Thursday, July 7th. TheStreet cut Korn/Ferry International from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th. Finally, Deutsche Bank AG started coverage on Korn/Ferry International in a research report on Wednesday, August 17th. They issued a “hold” rating and a $27.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $32.20.
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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