Dimensional Fund Advisors LP raised its position in shares of Korn/Ferry International (NYSE:KFY) by 2.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,159,583 shares of the company’s stock after buying an additional 76,441 shares during the period. Dimensional Fund Advisors LP owned approximately 5.51% of Korn/Ferry International worth $65,401,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the stock. Royce & Associates LP increased its position 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 period. Boston Partners increased its position in shares of Korn/Ferry International by 89.7% in the second quarter. Boston Partners now owns 635,529 shares of the company’s stock worth $13,155,000 after buying an additional 300,467 shares during the period. Lombardia Capital Partners LLC increased its position in shares of Korn/Ferry International by 33.2% in the second quarter. Lombardia Capital Partners LLC now owns 996,937 shares of the company’s stock worth $20,637,000 after buying an additional 248,634 shares during the period. Dalton Greiner Hartman Maher & Co. increased its position in shares of Korn/Ferry International by 37.6% in the second quarter. Dalton Greiner Hartman Maher & Co. now owns 809,596 shares of the company’s stock worth $16,759,000 after buying an additional 221,283 shares during the period. Finally, BlackRock Fund Advisors increased its position 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 period. 84.58% of the stock is owned by hedge funds and other institutional investors.
Korn/Ferry International (NYSE:KFY) traded up 0.82% during midday trading on Friday, hitting $21.00. The stock had a trading volume of 631,982 shares. The stock has a 50-day moving average price of $22.89 and a 200 day moving average price of $25.32. The firm has a market cap of $1.22 billion, a PE ratio of 103.96 and a beta of 1.70. Korn/Ferry International has a one year low of $18.57 and a one year high of $38.93.
Korn/Ferry International (NYSE:KFY) last issued its quarterly earnings data on Thursday, September 8th. The company reported $0.52 earnings per share for the quarter, missing the 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 business earned $392.90 million during the quarter. During the same quarter last year, the company posted $0.47 earnings per share. The firm’s revenue was up 40.7% compared to the same quarter last year. On average, analysts predict 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 (DPR) is currently 190.49%.
KFY has been the subject of a number of research analyst reports. Zacks Investment Research downgraded Korn/Ferry International from a “hold” rating to a “sell” rating in a report on Monday, September 12th. Robert W. Baird downgraded Korn/Ferry International from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $35.00 to $27.00 in a report on Thursday, June 16th. Piper Jaffray Cos. reiterated a “neutral” rating and issued a $25.00 price objective (down previously from $31.00) on shares of Korn/Ferry International in a research note on Thursday, July 7th. Deutsche Bank AG assumed coverage on Korn/Ferry International in a research note on Wednesday, August 17th. They issued a “hold” rating and a $27.00 price objective for the company. Finally, TheStreet cut Korn/Ferry International from a “buy” rating to a “hold” rating in a research note on Wednesday, June 29th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. Korn/Ferry International has a consensus rating of “Hold” and an average 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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