PineBridge Investments L.P. boosted its stake in shares of Korn/Ferry International (NYSE:KFY) by 3.8% during the second quarter, Holdings Channel reports. The institutional investor owned 7,264 shares of the company’s stock after buying an additional 265 shares during the period. PineBridge Investments L.P.’s holdings in Korn/Ferry International were worth $151,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in Korn/Ferry International by 117.0% in the first quarter. BlackRock Inc. now owns 3,516 shares of the company’s stock valued at $100,000 after buying an additional 1,896 shares in the last quarter. Teacher Retirement System of Texas increased its stake in Korn/Ferry International by 2.2% in the second quarter. Teacher Retirement System of Texas now owns 6,468 shares of the company’s stock valued at $134,000 after buying an additional 141 shares during the period. Massmutual Trust Co. FSB ADV increased its stake in Korn/Ferry International by 3.5% in the first quarter. Massmutual Trust Co. FSB ADV now owns 7,276 shares of the company’s stock valued at $206,000 after buying an additional 243 shares during the period. Janney Montgomery Scott LLC bought a new stake in Korn/Ferry International during the second quarter valued at approximately $353,000. Finally, Aperio Group LLC increased its stake in Korn/Ferry International by 4.9% in the first quarter. Aperio Group LLC now owns 10,945 shares of the company’s stock valued at $310,000 after buying an additional 516 shares during the period. Institutional investors own 84.58% of the company’s stock.
Korn/Ferry International (NYSE:KFY) opened at 21.00 on Friday. Korn/Ferry International has a 1-year low of $18.57 and a 1-year high of $38.93. The stock has a 50 day moving average price of $22.89 and a 200 day moving average price of $25.32. The stock has a market cap of $1.22 billion, a PE ratio of 103.96 and a beta of 1.70.
Korn/Ferry International (NYSE:KFY) last released its quarterly earnings data on Thursday, September 8th. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.53 by $0.01. The firm had revenue of $392.90 million for the quarter. Korn/Ferry International had a return on equity of 11.83% and a net margin of 0.76%. The firm’s revenue for the quarter was up 40.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.47 EPS. On average, analysts predict that Korn/Ferry International will post $2.24 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Monday, September 26th will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, September 22nd. This represents a $0.40 annualized dividend and a yield of 1.90%. Korn/Ferry International’s payout ratio is currently 190.49%.
Several equities research analysts have commented on KFY shares. Robert W. Baird downgraded Korn/Ferry International from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $35.00 to $27.00 in a report on Thursday, June 16th. Zacks Investment Research downgraded Korn/Ferry International from a “hold” rating to a “sell” rating in a report on Friday, June 17th. TheStreet downgraded Korn/Ferry International from a “buy” rating to a “hold” rating in a report on Wednesday, June 29th. Piper Jaffray Cos. reissued a “neutral” rating and issued a $25.00 target price (down from $31.00) on shares of Korn/Ferry International in a report on Thursday, July 7th. Finally, Deutsche Bank AG started coverage on Korn/Ferry International in a report on Wednesday, August 17th. They issued a “hold” rating and a $27.00 target price on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $32.20.
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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