1832 Asset Management L.P. maintained its position in Korn/Ferry International (NYSE:KFY) during the third quarter, Holdings Channel reports. The fund owned 239,590 shares of the company’s stock at the end of the third quarter. 1832 Asset Management L.P. owned about 0.41% of Korn/Ferry International worth $5,031,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas boosted its position 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 worth $134,000 after buying an additional 141 shares in the last quarter. Mason Street Advisors LLC bought a new stake in Korn/Ferry International during the second quarter valued at about $232,000. Municipal Employees Retirement System of Michigan boosted its stake in Korn/Ferry International by 1.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 12,710 shares of the company’s stock valued at $267,000 after buying an additional 200 shares during the period. Princeton Alpha Management LP bought a new stake in Korn/Ferry International during the third quarter valued at about $271,000. Finally, SG Americas Securities LLC bought a new stake in Korn/Ferry International during the third quarter valued at about $316,000. 90.11% of the stock is owned by hedge funds and other institutional investors.
Korn/Ferry International (NYSE:KFY) traded up 0.21% during midday trading on Wednesday, hitting $28.06. 305,267 shares of the stock traded hands. The firm has a market cap of $1.61 billion, a P/E ratio of 68.44 and a beta of 1.47. The company’s 50-day moving average is $28.99 and its 200 day moving average is $24.70. Korn/Ferry International has a 12-month low of $18.57 and a 12-month high of $31.53.
Korn/Ferry International (NYSE:KFY) last released its quarterly earnings data on Wednesday, December 7th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.02. The firm earned $415 million during the quarter, compared to analysts’ expectations of $391.88 million. Korn/Ferry International had a net margin of 1.47% and a return on equity of 12.01%. Korn/Ferry International’s revenue was up 42.5% compared to the same quarter last year. During the same period last year, the business earned $0.51 earnings per share. On average, analysts anticipate that Korn/Ferry International will post $2.25 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, January 16th. Shareholders of record on Tuesday, December 20th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.43%. The ex-dividend date was Friday, December 16th. Korn/Ferry International’s dividend payout ratio (DPR) is presently 105.27%.
Several research firms have issued reports on KFY. Zacks Investment Research cut shares of Korn/Ferry International from a “buy” rating to a “hold” rating in a research report on Tuesday. TheStreet raised shares of Korn/Ferry International from a “hold” rating to a “buy” rating in a research report on Wednesday, December 7th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Korn/Ferry International currently has an average rating of “Hold” and a consensus target price of $30.00.
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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