Signition LP purchased a new stake in Korn/Ferry International (NYSE:KFY) in the second quarter, according to its most recent filing with the SEC. The fund purchased 5,700 shares of the business services provider’s stock, valued at approximately $353,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Columbus Circle Investors increased its holdings in shares of Korn/Ferry International by 44.2% in the 2nd quarter. Columbus Circle Investors now owns 261,824 shares of the business services provider’s stock valued at $16,215,000 after acquiring an additional 80,275 shares during the last quarter. Principal Financial Group Inc. boosted its position in Korn/Ferry International by 19.2% during the 1st quarter. Principal Financial Group Inc. now owns 1,073,534 shares of the business services provider’s stock valued at $55,384,000 after purchasing an additional 172,847 shares during the period. Thrivent Financial for Lutherans boosted its position in Korn/Ferry International by 5.5% during the 1st quarter. Thrivent Financial for Lutherans now owns 38,034 shares of the business services provider’s stock valued at $1,962,000 after purchasing an additional 1,983 shares during the period. Guggenheim Capital LLC boosted its position in Korn/Ferry International by 45.7% during the 4th quarter. Guggenheim Capital LLC now owns 49,081 shares of the business services provider’s stock valued at $2,030,000 after purchasing an additional 15,393 shares during the period. Finally, Swiss National Bank boosted its position in Korn/Ferry International by 1.9% during the 1st quarter. Swiss National Bank now owns 95,300 shares of the business services provider’s stock valued at $4,917,000 after purchasing an additional 1,800 shares during the period. Institutional investors and hedge funds own 90.11% of the company’s stock.

Korn/Ferry International opened at $66.63 on Friday, MarketBeat Ratings reports. Korn/Ferry International has a 12-month low of $31.53 and a 12-month high of $68.98. The company has a market cap of $3.80 billion, a P/E ratio of 24.71 and a beta of 1.27. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.17.

Korn/Ferry International (NYSE:KFY) last released its quarterly earnings data on Wednesday, June 13th. The business services provider reported $0.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.10. Korn/Ferry International had a return on equity of 13.26% and a net margin of 7.35%. The business had revenue of $475.36 million during the quarter, compared to analyst estimates of $454.37 million. During the same quarter in the previous year, the firm posted $0.62 EPS. The business’s revenue for the quarter was up 17.1% compared to the same quarter last year. equities analysts expect that Korn/Ferry International will post 3.22 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 13th. Shareholders of record on Tuesday, June 26th were given a dividend of $0.10 per share. The ex-dividend date was Monday, June 25th. This represents a $0.40 dividend on an annualized basis and a yield of 0.60%. Korn/Ferry International’s dividend payout ratio (DPR) is presently 14.71%.

In other Korn/Ferry International news, Director Debra J. Perry sold 3,422 shares of the business’s stock in a transaction on Thursday, June 28th. The stock was sold at an average price of $60.26, for a total transaction of $206,209.72. Following the completion of the transaction, the director now owns 23,030 shares in the company, valued at approximately $1,387,787.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Robert P. Rozek sold 1,962 shares of the business’s stock in a transaction on Friday, July 13th. The stock was sold at an average price of $63.16, for a total value of $123,919.92. Following the transaction, the chief financial officer now owns 84,011 shares of the company’s stock, valued at approximately $5,306,134.76. The disclosure for this sale can be found here. Insiders have sold a total of 46,293 shares of company stock valued at $2,923,128 in the last quarter. 1.01% of the stock is currently owned by insiders.

A number of research analysts recently issued reports on KFY shares. Zacks Investment Research lowered Korn/Ferry International from a “buy” rating to a “hold” rating in a research report on Thursday, May 31st. Sidoti boosted their price objective on Korn/Ferry International from $65.00 to $80.00 in a research report on Thursday, June 14th. SunTrust Banks boosted their price objective on Korn/Ferry International to $72.00 and gave the company a “buy” rating in a research report on Thursday, June 14th. Finally, Credit Suisse Group started coverage on Korn/Ferry International in a research report on Friday. They set an “underperform” rating and a $55.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. Korn/Ferry International currently has a consensus rating of “Hold” and an average target price of $60.67.

Korn/Ferry International 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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