ClariVest Asset Management LLC decreased its position in Korn/Ferry International (NYSE:KFY) by 28.3% during the second quarter, Holdings Channel reports. The institutional investor owned 72,861 shares of the company’s stock after selling 28,800 shares during the period. ClariVest Asset Management LLC’s holdings in Korn/Ferry International were worth $1,508,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the company. HBK Investments L P raised its position in shares of Korn/Ferry International by 59.0% in the first quarter. HBK Investments L P now owns 22,900 shares of the company’s stock worth $648,000 after buying an additional 8,500 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Korn/Ferry International by 8.9% in the first quarter. Geode Capital Management LLC now owns 488,836 shares of the company’s stock worth $13,829,000 after buying an additional 39,934 shares in the last quarter. State Street Corp raised its position in shares of Korn/Ferry International by 4.0% in the first quarter. State Street Corp now owns 1,019,442 shares of the company’s stock worth $28,840,000 after buying an additional 39,350 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Korn/Ferry International by 11.1% in the first quarter. JPMorgan Chase & Co. now owns 710,639 shares of the company’s stock worth $20,103,000 after buying an additional 70,896 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its position in shares of Korn/Ferry International by 6.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,347,387 shares of the company’s stock worth $38,118,000 after buying an additional 83,232 shares in the last quarter. Hedge funds and other institutional investors own 84.58% of the company’s stock.
Shares of Korn/Ferry International (NYSE:KFY) traded up 0.24% during midday trading on Thursday, hitting $20.87. 379,459 shares of the stock traded hands. The company’s 50 day moving average price is $22.28 and its 200-day moving average price is $24.95. Korn/Ferry International has a 12-month low of $18.57 and a 12-month high of $38.93. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 103.32 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 consensus estimate of $0.53 by $0.01. The company earned $392.90 million during the quarter. Korn/Ferry International had a return on equity of 11.83% and a net margin of 0.76%. The business’s quarterly revenue was up 40.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.47 earnings per share. On average, equities research analysts expect that Korn/Ferry International will post $2.24 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Monday, September 26th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend is Thursday, September 22nd. Korn/Ferry International’s payout ratio is presently 190.49%.
A number of equities analysts recently weighed in on the stock. Robert W. Baird lowered shares of Korn/Ferry International from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $35.00 to $27.00 in a research report on Thursday, June 16th. Deutsche Bank AG assumed coverage on shares of Korn/Ferry International in a research report on Wednesday, August 17th. They set a “hold” rating and a $27.00 target price for the company. Zacks Investment Research upgraded shares of Korn/Ferry International from a “sell” rating to a “hold” rating in a research report on Tuesday, August 16th. TheStreet lowered shares of Korn/Ferry International from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th. Finally, Piper Jaffray Cos. reiterated a “neutral” rating and set a $25.00 price objective (down previously from $31.00) on shares of Korn/Ferry International in a research report on Thursday, July 7th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price 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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