Korn/Ferry International (NYSE:KFY) Stake Raised by Teachers Advisors LLC
Teachers Advisors LLC raised its position in Korn/Ferry International (NYSE:KFY) by 8.5% during the first quarter, Holdings Channel reports. The firm owned 98,755 shares of the business services provider’s stock after buying an additional 7,709 shares during the period. Teachers Advisors LLC’s holdings in Korn/Ferry International were worth $3,110,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the company. RidgeWorth Capital Management LLC acquired a new position in shares of Korn/Ferry International during the first quarter worth about $25,757,000. Norges Bank acquired a new position in shares of Korn/Ferry International during the fourth quarter worth about $11,559,000. American Century Companies Inc. raised its position in shares of Korn/Ferry International by 86.3% in the first quarter. American Century Companies Inc. now owns 645,550 shares of the business services provider’s stock worth $20,328,000 after buying an additional 299,050 shares during the period. Opus Capital Group LLC acquired a new position in shares of Korn/Ferry International during the first quarter worth about $7,863,000. Finally, Kornitzer Capital Management Inc. KS acquired a new position in shares of Korn/Ferry International during the first quarter worth about $5,120,000. 90.12% of the stock is owned by institutional investors and hedge funds.
Shares of Korn/Ferry International (NYSE KFY) remained flat at $32.35 during trading on Friday. 297,493 shares of the company’s stock were exchanged. The firm has a market cap of $1.84 billion, a P/E ratio of 22.07 and a beta of 1.40. Korn/Ferry International has a 52-week low of $19.94 and a 52-week high of $36.07. The firm’s 50 day moving average price is $33.95 and its 200-day moving average price is $32.03.
Korn/Ferry International (NYSE:KFY) last posted its quarterly earnings data on Tuesday, June 20th. The business services provider reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.03. Korn/Ferry International had a net margin of 5.19% and a return on equity of 12.14%. The firm had revenue of $419.60 million during the quarter, compared to analysts’ expectations of $405.33 million. During the same quarter in the previous year, the company posted $0.58 EPS. Korn/Ferry International’s revenue was up .6% on a year-over-year basis. On average, equities research analysts predict that Korn/Ferry International will post $2.44 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend was Wednesday, June 28th. Korn/Ferry International’s dividend payout ratio is presently 27.21%.
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KFY has been the subject of a number of recent analyst reports. BidaskClub lowered Korn/Ferry International from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 13th. Zacks Investment Research lowered Korn/Ferry International from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. Finally, Sidoti initiated coverage on Korn/Ferry International in a report on Monday, June 12th. They issued a “buy” rating and a $43.00 price objective for the company. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $32.00.
In other Korn/Ferry International news, CEO Gary D. Burnison sold 40,000 shares of Korn/Ferry International stock in a transaction on Monday, July 10th. The shares were sold at an average price of $34.73, for a total transaction of $1,389,200.00. Following the completion of the sale, the chief executive officer now owns 251,485 shares of the company’s stock, valued at approximately $8,734,074.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gary D. Burnison sold 58,837 shares of Korn/Ferry International stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $34.41, for a total transaction of $2,024,581.17. Following the sale, the chief executive officer now directly owns 251,485 shares of the company’s stock, valued at approximately $8,653,598.85. The disclosure for this sale can be found here. Insiders have sold a total of 183,837 shares of company stock valued at $6,336,501 in the last ninety days. Company insiders own 1.19% of the company’s stock.
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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