Jennison Associates LLC cut its holdings in shares of Korn/Ferry International (NYSE:KFY) by 31.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,096,298 shares of the business services provider’s stock after selling 512,453 shares during the period. Jennison Associates LLC owned 1.93% of Korn/Ferry International worth $53,982,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. lifted its stake in Korn/Ferry International by 19.2% in the first quarter. Principal Financial Group Inc. now owns 1,073,534 shares of the business services provider’s stock valued at $55,384,000 after buying an additional 172,847 shares in the last quarter. Amalgamated Bank lifted its stake in Korn/Ferry International by 22.6% in the second quarter. Amalgamated Bank now owns 9,203 shares of the business services provider’s stock valued at $570,000 after buying an additional 1,699 shares in the last quarter. James Investment Research Inc. bought a new position in Korn/Ferry International in the second quarter valued at approximately $2,428,000. Cornerstone Wealth Management LLC bought a new position in Korn/Ferry International in the second quarter valued at approximately $1,742,000. Finally, Acadian Asset Management LLC lifted its stake in Korn/Ferry International by 56.8% in the second quarter. Acadian Asset Management LLC now owns 298,116 shares of the business services provider’s stock valued at $18,462,000 after buying an additional 107,954 shares in the last quarter. 88.76% of the stock is currently owned by institutional investors.

Shares of KFY stock opened at $45.46 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.14 and a current ratio of 2.14. The firm has a market capitalization of $2.62 billion, a PE ratio of 15.61 and a beta of 1.14. Korn/Ferry International has a 12 month low of $38.53 and a 12 month high of $68.98.

Korn/Ferry International (NYSE:KFY) last announced its quarterly earnings data on Thursday, September 6th. The business services provider reported $0.78 EPS for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.07. The business had revenue of $465.60 million for the quarter, compared to analyst estimates of $458.24 million. Korn/Ferry International had a net margin of 3.51% and a return on equity of 14.26%. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.55 earnings per share. Analysts anticipate that Korn/Ferry International will post 3.3 earnings per share for the current fiscal year.

A number of research analysts have weighed in on KFY shares. Zacks Investment Research lowered shares of Korn/Ferry International from a “buy” rating to a “hold” rating in a research note on Thursday, November 8th. Credit Suisse Group started coverage on shares of Korn/Ferry International in a research note on Friday, August 10th. They issued an “underperform” rating and a $55.00 price target on the stock. TheStreet lowered shares of Korn/Ferry International from an “a-” rating to a “c+” rating in a research note on Friday, September 7th. Finally, ValuEngine lowered shares of Korn/Ferry International from a “buy” rating to a “hold” rating in a research note on Monday, September 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. Korn/Ferry International has a consensus rating of “Hold” and an average price target of $61.40.

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Korn/Ferry International Company Profile

Korn/Ferry International, together with its subsidiaries, provides talent management solutions worldwide. It operates through three segments: Executive Search, Hay Group, and Futurestep. The company provides executive search services to fill executive-level positions, such as board directors, chief executive officers, chief financial officers, chief operating officers, chief information officers, chief human resource officers, and other senior executive officers for clients in the consumer, financial services, industrial, life sciences/healthcare provider, technology, and educational/not-for-profit market sectors.

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

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