13,092 Shares in Korn/Ferry International (KFY) Purchased by Virtu KCG Holdings LLC

Virtu KCG Holdings LLC purchased a new position in Korn/Ferry International (NYSE:KFY) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 13,092 shares of the business services provider’s stock, valued at approximately $452,000.

A number of other hedge funds have also modified their holdings of KFY. Citadel Advisors LLC boosted its holdings in shares of Korn/Ferry International by 304.0% during the 2nd quarter. Citadel Advisors LLC now owns 77,856 shares of the business services provider’s stock valued at $2,688,000 after purchasing an additional 58,583 shares during the last quarter. Hanseatic Management Services Inc. boosted its holdings in shares of Korn/Ferry International by 1.1% during the 2nd quarter. Hanseatic Management Services Inc. now owns 7,129 shares of the business services provider’s stock valued at $246,000 after purchasing an additional 81 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Korn/Ferry International by 1.8% during the 2nd quarter. Northern Trust Corp now owns 1,372,734 shares of the business services provider’s stock valued at $47,401,000 after purchasing an additional 24,403 shares during the last quarter. Pinebridge Investments L.P. boosted its holdings in shares of Korn/Ferry International by 707.3% during the 2nd quarter. Pinebridge Investments L.P. now owns 60,477 shares of the business services provider’s stock valued at $2,088,000 after purchasing an additional 52,986 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its holdings in shares of Korn/Ferry International by 72.3% during the 2nd quarter. GSA Capital Partners LLP now owns 24,807 shares of the business services provider’s stock valued at $857,000 after purchasing an additional 10,407 shares during the last quarter. Institutional investors and hedge funds own 88.92% of the company’s stock.

Several research analysts have commented on KFY shares. SunTrust Banks, Inc. increased their price objective on shares of Korn/Ferry International from $40.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, September 7th. Deutsche Bank AG increased their price objective on shares of Korn/Ferry International from $34.00 to $40.00 and gave the company a “hold” rating in a report on Thursday, September 7th. BidaskClub downgraded shares of Korn/Ferry International from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 13th. Finally, Zacks Investment Research raised shares of Korn/Ferry International from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a report on Wednesday. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $42.50.

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In related news, CFO Robert P. Rozek sold 12,000 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $40.04, for a total transaction of $480,480.00. Following the completion of the sale, the chief financial officer now owns 93,522 shares of the company’s stock, valued at approximately $3,744,620.88. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Jerry Leamon sold 8,000 shares of the company’s stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $40.06, for a total transaction of $320,480.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 70,000 shares of company stock valued at $2,801,960. 1.01% of the stock is owned by corporate insiders.

Korn/Ferry International (NYSE:KFY) opened at 39.63 on Friday. Korn/Ferry International has a 12-month low of $19.94 and a 12-month high of $40.64. The company has a market cap of $2.24 billion, a P/E ratio of 20.72 and a beta of 1.41. The firm’s 50 day moving average is $36.90 and its 200 day moving average is $33.82.

Korn/Ferry International (NYSE:KFY) last announced its quarterly earnings data on Wednesday, September 6th. The business services provider reported $0.55 earnings per share (EPS) for the quarter, beating 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 company had revenue of $401.25 million during the quarter, compared to analysts’ expectations of $392.91 million. During the same quarter in the prior year, the company earned $0.52 EPS. Korn/Ferry International’s revenue was up 6.8% compared to the same quarter last year. Equities research analysts anticipate that Korn/Ferry International will post $2.45 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Wednesday, September 27th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, September 26th. This represents a $0.40 annualized dividend and a yield of 1.01%. Korn/Ferry International’s dividend payout ratio is presently 20.83%.

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.

Institutional Ownership by Quarter for Korn/Ferry International (NYSE:KFY)

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