Virginia Retirement Systems ET AL bought a new stake in shares of Korn/Ferry International (NYSE:KFY) during the second quarter, Holdings Channel reports. The institutional investor bought 43,000 shares of the company’s stock, valued at approximately $890,000. Virginia Retirement Systems ET AL owned approximately 0.08% of Korn/Ferry International at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. PineBridge Investments L.P. increased its position in Korn/Ferry International by 3.8% in the second quarter. PineBridge Investments L.P. now owns 7,264 shares of the company’s stock valued at $151,000 after buying an additional 265 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Korn/Ferry International during the second quarter valued at $819,000. Vanguard Group Inc. increased its position in Korn/Ferry International by 6.2% in the second quarter. Vanguard Group Inc. now owns 4,131,870 shares of the company’s stock valued at $85,530,000 after buying an additional 239,495 shares in the last quarter. Prudential Financial Inc. increased its position in Korn/Ferry International by 12.8% in the second quarter. Prudential Financial Inc. now owns 207,618 shares of the company’s stock valued at $4,297,000 after buying an additional 23,534 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Korn/Ferry International by 2.5% in the second quarter. Dimensional Fund Advisors LP now owns 3,159,583 shares of the company’s stock valued at $65,401,000 after buying an additional 76,441 shares in the last quarter. 84.58% of the stock is owned by institutional investors.
Shares of Korn/Ferry International (NYSE:KFY) opened at 21.00 on Monday. The stock has a market cap of $1.22 billion, a PE ratio of 103.96 and a beta of 1.56. Korn/Ferry International has a 1-year low of $18.57 and a 1-year high of $38.93. The company’s 50-day moving average price is $22.89 and its 200 day moving average price is $25.32.
Korn/Ferry International (NYSE:KFY) last posted its earnings results on Thursday, September 8th. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by $0.01. Korn/Ferry International had a net margin of 0.76% and a return on equity of 11.83%. The company earned $392.90 million during the quarter. During the same period in the prior year, the business posted $0.47 EPS. The business’s quarterly revenue was up 40.7% on a year-over-year basis. Equities analysts forecast that Korn/Ferry International will post $2.24 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Monday, September 26th will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, September 22nd. This represents a $0.40 dividend on an annualized basis and a yield of 1.90%. Korn/Ferry International’s dividend payout ratio (DPR) is presently 190.49%.
Several equities analysts have weighed in on the company. Zacks Investment Research downgraded Korn/Ferry International from a “hold” rating to a “sell” rating in a research report on Monday, September 12th. Robert W. Baird decreased their price objective on Korn/Ferry International from $27.00 to $26.00 and set a “neutral” rating for the company in a research note on Friday, September 9th. Deutsche Bank AG started coverage on Korn/Ferry International in a research note on Wednesday, August 17th. They issued a “hold” rating and a $27.00 price objective for the company. Piper Jaffray Cos. reiterated a “neutral” rating and issued a $25.00 price objective (down previously from $31.00) on shares of Korn/Ferry International in a research note on Thursday, July 7th. Finally, TheStreet cut Korn/Ferry International from a “buy” rating to a “hold” rating in a research note on Wednesday, June 29th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. Korn/Ferry International has a consensus rating of “Hold” and a consensus target price 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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