Ingalls & Snyder LLC cut its position in shares of Korn/Ferry International (NYSE:KFY) by 0.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,037 shares of the business services provider’s stock after selling 89 shares during the period. Ingalls & Snyder LLC’s holdings in Korn/Ferry International were worth $865,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the stock. Bank of Montreal Can increased its stake in Korn/Ferry International by 1.7% in the second quarter. Bank of Montreal Can now owns 3,166 shares of the business services provider’s stock worth $110,000 after buying an additional 52 shares in the last quarter. State of Alaska Department of Revenue increased its stake in Korn/Ferry International by 1.0% in the first quarter. State of Alaska Department of Revenue now owns 6,340 shares of the business services provider’s stock worth $199,000 after buying an additional 60 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in Korn/Ferry International by 0.4% in the first quarter. Louisiana State Employees Retirement System now owns 23,400 shares of the business services provider’s stock worth $737,000 after buying an additional 100 shares in the last quarter. Baskin Financial Services Inc. increased its stake in Korn/Ferry International by 0.5% in the second quarter. Baskin Financial Services Inc. now owns 119,817 shares of the business services provider’s stock worth $4,137,000 after buying an additional 620 shares in the last quarter. Finally, Mason Street Advisors LLC increased its stake in Korn/Ferry International by 6.1% in the first quarter. Mason Street Advisors LLC now owns 13,427 shares of the business services provider’s stock worth $423,000 after buying an additional 774 shares in the last quarter. 90.12% of the stock is owned by hedge funds and other institutional investors.

Korn/Ferry International (NYSE KFY) opened at 33.55 on Monday. The firm has a market capitalization of $1.91 billion, a PE ratio of 22.89 and a beta of 1.40. Korn/Ferry International has a 12 month low of $19.94 and a 12 month high of $36.07. The stock has a 50 day moving average of $34.11 and a 200 day moving average of $31.85.

Korn/Ferry International (NYSE:KFY) last issued its earnings results on Tuesday, June 20th. The business services provider reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.03. The firm had revenue of $419.60 million during the quarter, compared to analyst estimates of $405.33 million. Korn/Ferry International had a net margin of 5.19% and a return on equity of 12.14%. The company’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter last year, the business earned $0.58 earnings per share. On average, equities analysts predict that Korn/Ferry International will post $2.44 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were given a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.19%. Korn/Ferry International’s dividend payout ratio (DPR) is currently 27.21%.

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Several equities analysts have recently commented on the stock. Sidoti assumed coverage on shares of Korn/Ferry International in a research report on Monday, June 12th. They issued a “buy” rating and a $43.00 target price for the company. BidaskClub cut shares of Korn/Ferry International from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Zacks Investment Research cut shares of Korn/Ferry International from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. Finally, William Blair upgraded shares of Korn/Ferry International from a “market perform” rating to an “outperform” rating in a research report on Monday, April 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. Korn/Ferry International presently has an average rating of “Hold” and a consensus target price of $32.00.

In other news, CEO Gary D. Burnison sold 58,837 shares of the firm’s stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $34.41, for a total value of $2,024,581.17. Following the completion of the transaction, the chief executive officer now directly owns 251,485 shares in the company, valued at $8,653,598.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Robert P. Rozek sold 11,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $34.48, for a total transaction of $379,280.00. Following the completion of the transaction, the chief financial officer now owns 111,782 shares of the company’s stock, valued at $3,854,243.36. The disclosure for this sale can be found here. Insiders sold 183,837 shares of company stock valued at $6,336,501 over the last 90 days. 1.19% of the stock is owned by company insiders.

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.

Institutional Ownership by Quarter for Korn/Ferry International (NYSE:KFY)

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