Korn/Ferry International (KFY) Shares Bought by Pinebridge Investments L.P.
Pinebridge Investments L.P. grew its holdings in shares of Korn/Ferry International (NYSE:KFY) by 2.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 62,035 shares of the business services provider’s stock after buying an additional 1,558 shares during the quarter. Pinebridge Investments L.P. owned 0.11% of Korn/Ferry International worth $2,446,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Bank of Montreal Can boosted its stake in shares of Korn/Ferry International by 1.7% during the 2nd 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 last quarter. Riverhead Capital Management LLC lifted its stake in 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 worth $118,000 after purchasing an additional 1,530 shares during the last quarter. SG Americas Securities LLC lifted its stake in 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 worth $144,000 after purchasing an additional 878 shares during the last quarter. OLD National Bancorp IN bought a new position in Korn/Ferry International during the third quarter worth $208,000. Finally, First Quadrant L P CA bought a new position in Korn/Ferry International during the third quarter worth $212,000. Institutional investors own 86.20% of the company’s stock.
In other Korn/Ferry International news, CFO Robert P. Rozek sold 12,000 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $40.04, for a total value of $480,480.00. Following the sale, the chief financial officer now directly owns 93,522 shares of the company’s stock, valued at $3,744,620.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 value of $2,001,000.00. Following the completion of the sale, the chief executive officer now directly owns 198,700 shares in the company, valued at $7,951,974. The disclosure for this sale can be found here. Insiders sold 70,000 shares of company stock worth $2,801,960 over the last ninety days. 1.01% of the stock is owned by corporate insiders.
Shares of Korn/Ferry International (NYSE:KFY) traded down $0.18 during midday trading on Wednesday, reaching $42.06. The company’s stock had a trading volume of 395,900 shares, compared to its average volume of 347,145. Korn/Ferry International has a 1 year low of $25.93 and a 1 year high of $44.08. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.13 and a quick ratio of 2.13. The firm has a market capitalization of $2,386.24, a price-to-earnings ratio of 18.44 and a beta of 1.35.
Korn/Ferry International (NYSE:KFY) last issued its earnings results on Wednesday, September 6th. The business services provider reported $0.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.02. Korn/Ferry International had a return on equity of 12.03% and a net margin of 6.69%. The firm had revenue of $401.25 million for the quarter, compared to analyst estimates of $392.91 million. During the same period last year, the company earned $0.52 earnings per share. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. equities research analysts predict that Korn/Ferry International will post 2.45 earnings per share for the current year.
Several equities analysts recently issued reports on the company. BidaskClub cut Korn/Ferry International from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. SunTrust Banks raised their price objective on Korn/Ferry International from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday, September 7th. Zacks Investment Research cut Korn/Ferry International from a “buy” rating to a “hold” rating in a research note on Thursday, October 12th. ValuEngine cut Korn/Ferry International from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Finally, Robert W. Baird restated a “hold” rating and set a $37.00 price objective on shares of Korn/Ferry International in a research note on Friday, November 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $41.80.
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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