Elk Creek Partners LLC Has $22.32 Million Holdings in Korn/Ferry International (KFY)
Elk Creek Partners LLC reduced its stake in shares of Korn/Ferry International (NYSE:KFY) by 11.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 565,996 shares of the business services provider’s stock after selling 76,090 shares during the quarter. Korn/Ferry International comprises about 1.4% of Elk Creek Partners LLC’s investment portfolio, making the stock its 15th biggest position. Elk Creek Partners LLC owned 1.00% of Korn/Ferry International worth $22,317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently modified their holdings of KFY. JPMorgan Chase & Co. grew its stake in shares of Korn/Ferry International by 41.1% during the second quarter. JPMorgan Chase & Co. now owns 123,475 shares of the business services provider’s stock valued at $4,264,000 after buying an additional 35,971 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Korn/Ferry International by 9.7% during the second quarter. Legal & General Group Plc now owns 111,533 shares of the business services provider’s stock valued at $3,852,000 after buying an additional 9,854 shares during the last quarter. Kennedy Capital Management Inc. grew its stake in shares of Korn/Ferry International by 12.8% during the second quarter. Kennedy Capital Management Inc. now owns 105,690 shares of the business services provider’s stock valued at $3,649,000 after buying an additional 11,987 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Korn/Ferry International by 9.2% during the second quarter. Bank of New York Mellon Corp now owns 1,713,949 shares of the business services provider’s stock valued at $59,184,000 after buying an additional 143,828 shares during the last quarter. Finally, Sciencast Management LP bought a new position in shares of Korn/Ferry International during the second quarter valued at approximately $411,000. 86.11% of the stock is currently owned by institutional investors.
Shares of Korn/Ferry International (NYSE:KFY) traded down $1.65 during midday trading on Friday, hitting $42.19. The company had a trading volume of 681,898 shares, compared to its average volume of 344,845. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $2,472.11, a price-to-earnings ratio of 19.11 and a beta of 1.34. Korn/Ferry International has a 12-month low of $25.25 and a 12-month high of $44.08.
Korn/Ferry International (NYSE:KFY) last announced its quarterly earnings results on Wednesday, September 6th. The business services provider reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02. The firm had revenue of $401.25 million during the quarter, compared to analyst estimates of $392.91 million. Korn/Ferry International had a return on equity of 12.03% and a net margin of 6.69%. Korn/Ferry International’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.52 earnings per share. equities research analysts anticipate that Korn/Ferry International will post 2.45 earnings per share for the current year.
A number of research analysts have recently commented on KFY shares. BidaskClub cut Korn/Ferry International from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. Deutsche Bank upped their target price on Korn/Ferry International from $34.00 to $40.00 and gave the company a “hold” rating in a research note on Thursday, September 7th. SunTrust Banks upped their target price on Korn/Ferry International from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Thursday, September 7th. Zacks Investment Research raised Korn/Ferry International from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research note on Wednesday, October 11th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $37.00 target price on shares of Korn/Ferry International in a research note on Friday, November 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $41.80.
In related news, CEO Gary D. Burnison sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $40.02, for a total value of $2,001,000.00. Following the completion of the sale, the chief executive officer now owns 198,700 shares in the company, valued at $7,951,974. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Robert P. Rozek sold 12,000 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $40.04, for a total value of $480,480.00. Following the completion of the sale, the chief financial officer now owns 93,522 shares of the company’s stock, valued at approximately $3,744,620.88. The disclosure for this sale can be found here. Insiders sold 70,000 shares of company stock valued at $2,801,960 in the last quarter. 1.01% of the stock is owned by company insiders.
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About Korn/Ferry International
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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