Korn/Ferry International (KFY) Holdings Boosted by Northern Trust Corp

Northern Trust Corp grew its holdings in Korn/Ferry International (NYSE:KFY) by 1.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,372,734 shares of the business services provider’s stock after buying an additional 24,403 shares during the period. Northern Trust Corp owned 2.41% of Korn/Ferry International worth $47,401,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. BlackRock Inc. grew its holdings in shares of Korn/Ferry International by 81,030.6% in the first quarter. BlackRock Inc. now owns 6,954,519 shares of the business services provider’s stock valued at $218,997,000 after purchasing an additional 6,945,947 shares during the period. Vanguard Group Inc. grew its holdings in shares of Korn/Ferry International by 5.7% in the first quarter. Vanguard Group Inc. now owns 4,807,533 shares of the business services provider’s stock valued at $151,389,000 after purchasing an additional 260,391 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Korn/Ferry International by 27.5% in the first quarter. Dimensional Fund Advisors LP now owns 4,234,255 shares of the business services provider’s stock valued at $133,336,000 after purchasing an additional 913,207 shares during the period. Wells Fargo & Company MN grew its holdings in shares of Korn/Ferry International by 0.5% in the second quarter. Wells Fargo & Company MN now owns 1,941,675 shares of the business services provider’s stock valued at $67,047,000 after purchasing an additional 9,742 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in shares of Korn/Ferry International by 9.2% in the second quarter. Bank of New York Mellon Corp now owns 1,713,949 shares of the business services provider’s stock valued at $59,184,000 after purchasing an additional 143,828 shares during the period. 88.92% of the stock is owned by hedge funds and other institutional investors.

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KFY has been the subject of a number of analyst reports. Deutsche Bank AG upped 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. 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, October 11th. SunTrust Banks, Inc. upped 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. Finally, BidaskClub lowered shares of Korn/Ferry International from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. Korn/Ferry International currently has an average rating of “Hold” and an average target price of $42.50.

Korn/Ferry International (NYSE KFY) opened at 39.97 on Wednesday. The firm’s 50-day moving average is $37.26 and its 200 day moving average is $33.92. Korn/Ferry International has a 52 week low of $19.94 and a 52 week high of $40.64. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of 20.89 and a beta of 1.41.

Korn/Ferry International (NYSE:KFY) last posted its quarterly earnings results on Wednesday, September 6th. The business services provider reported $0.55 EPS for the quarter, beating the consensus estimate of $0.53 by $0.02. The company had revenue of $401.25 million during the quarter, compared to analysts’ expectations of $392.91 million. Korn/Ferry International had a return on equity of 12.03% and a net margin of 6.69%. The firm’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.52 EPS. On average, equities research analysts expect that Korn/Ferry International will post $2.45 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Wednesday, September 27th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend was Tuesday, September 26th. Korn/Ferry International’s payout ratio is currently 20.83%.

In other news, CFO Robert P. Rozek sold 12,000 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was 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 in the company, valued at approximately $3,744,620.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gary D. Burnison sold 50,000 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now owns 198,700 shares of the company’s stock, valued at approximately $7,951,974. The disclosure for this sale can be found here. Insiders have sold a total of 70,000 shares of company stock valued at $2,801,960 in the last quarter. Company insiders own 1.01% of the company’s stock.

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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