Korn/Ferry International (KFY) Position Boosted by Rhumbline Advisers
Rhumbline Advisers lifted its position in shares of Korn/Ferry International (NYSE:KFY) by 2.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 115,595 shares of the business services provider’s stock after buying an additional 2,370 shares during the period. Rhumbline Advisers owned 0.20% of Korn/Ferry International worth $4,558,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Bank of Montreal Can lifted its stake in shares of Korn/Ferry International by 1.7% during the second quarter. Bank of Montreal Can now owns 3,166 shares of the business services provider’s stock valued at $110,000 after buying an additional 52 shares during the period. Riverhead Capital Management LLC lifted its stake in shares of Korn/Ferry International by 80.5% during the second quarter. Riverhead Capital Management LLC now owns 3,430 shares of the business services provider’s stock valued at $118,000 after buying an additional 1,530 shares during the period. SG Americas Securities LLC lifted its stake in shares of Korn/Ferry International by 26.7% during the second quarter. SG Americas Securities LLC now owns 4,161 shares of the business services provider’s stock valued at $144,000 after buying an additional 878 shares during the period. OLD National Bancorp IN purchased a new position in shares of Korn/Ferry International during the third quarter valued at approximately $208,000. Finally, First Quadrant L P CA purchased a new position in shares of Korn/Ferry International during the third quarter valued at approximately $212,000. 86.20% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Jerry Leamon sold 8,000 shares of the stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $40.06, for a total value of $320,480.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gary D. Burnison sold 50,000 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $40.02, for a total transaction of $2,001,000.00. Following the completion of the sale, the chief executive officer now directly owns 198,700 shares of the company’s stock, valued at approximately $7,951,974. 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 three months. Company insiders own 1.01% of the company’s stock.
Several brokerages recently commented on KFY. BidaskClub lowered shares of Korn/Ferry International from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. SunTrust Banks upped their price target on shares of Korn/Ferry International from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, September 7th. Zacks Investment Research lowered shares of Korn/Ferry International from a “buy” rating to a “hold” rating in a research report on Thursday, October 12th. ValuEngine lowered shares of Korn/Ferry International from a “strong-buy” rating to a “buy” rating in a research report on Friday. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $37.00 price target on shares of Korn/Ferry International in a research report on Friday, November 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $41.80.
Shares of Korn/Ferry International (NYSE:KFY) traded up $0.05 during mid-day trading on Tuesday, reaching $42.24. 832,000 shares of the company traded hands, compared to its average volume of 346,936. Korn/Ferry International has a 1 year low of $25.59 and a 1 year high of $44.08. 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 firm has a market capitalization of $2,383.42, a price-to-earnings ratio of 18.42 and a beta of 1.35.
Korn/Ferry International (NYSE:KFY) last issued its quarterly earnings results on Wednesday, September 6th. The business services provider reported $0.55 EPS for the quarter, topping the consensus estimate of $0.53 by $0.02. Korn/Ferry International had a net margin of 6.69% and a return on equity of 12.03%. The firm had revenue of $401.25 million during the quarter, compared to analyst estimates of $392.91 million. During the same quarter in the prior year, the business posted $0.52 earnings per share. Korn/Ferry International’s revenue for the quarter was up 6.8% compared to the same quarter last year. sell-side analysts anticipate that Korn/Ferry International will post 2.45 earnings per share for the current fiscal year.
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.
Receive News & Ratings for Korn/Ferry International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Korn/Ferry International and related companies with Analyst Ratings Network's FREE daily email newsletter.