The ProShare Advisors LLC Reduces Stake in Korn/Ferry International (KFY)

The ProShare Advisors LLC Reduces Stake in Korn/Ferry International (KFY)

A number of other institutional investors have also made changes to their positions in the company. Envestnet Asset Management Inc. raised its position in Korn/Ferry International by 17.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 4,979 shares of the business services provider’s stock worth $147,000 after buying an additional 744 shares in the last quarter. State of Alaska Department of Revenue raised its position in Korn/Ferry International by 1.0% in the first quarter. State of Alaska Department of Revenue now owns 6,340 shares of the business services provider’s stock worth $199,000 after buying an additional 60 shares in the last quarter. First Heartland Consultants Inc. raised its position in Korn/Ferry International by 6.7% in the third quarter. First Heartland Consultants Inc. now owns 14,298 shares of the business services provider’s stock worth $300,000 after buying an additional 900 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Korn/Ferry International during the fourth quarter worth $602,000. Finally, UBS Asset Management Americas Inc. raised its position in Korn/Ferry International by 4.0% in the fourth quarter. UBS Asset Management Americas Inc. now owns 22,877 shares of the business services provider’s stock worth $673,000 after buying an additional 879 shares in the last quarter. Institutional investors own 87.74% of the company’s stock.

ProShare Advisors LLC lowered its position in Korn/Ferry International (NYSE:KFY) by 24.4% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,934 shares of the business services provider’s stock after selling 2,560 shares during the period. ProShare Advisors LLC’s holdings in Korn/Ferry International were worth $250,000 at the end of the most recent reporting period.

Korn/Ferry International (KFY) opened at 33.17 on Monday. The stock’s 50 day moving average is $32.31 and its 200 day moving average is $30.05. Korn/Ferry International has a 52-week low of $18.57 and a 52-week high of $33.78. The company has a market cap of $1.90 billion, a price-to-earnings ratio of 30.15 and a beta of 1.47.

Korn/Ferry International (NYSE:KFY) last released its quarterly earnings results on Monday, March 6th. The business services provider reported $0.53 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.53. Korn/Ferry International had a return on equity of 12.01% and a net margin of 1.47%. The business had revenue of $381.90 million during the quarter, compared to analysts’ expectations of $382.76 million. During the same period in the previous year, the business posted $0.52 earnings per share. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. On average, analysts predict that Korn/Ferry International will post $2.26 earnings per share for the current fiscal year. A number of research firms have recently weighed in on KFY. Tigress Financial began coverage on shares of Korn/Ferry International in a research report on Monday, March 20th. They issued a “neutral” rating for the company. William Blair raised shares of Korn/Ferry International from a “market perform” rating to an “outperform” rating in a research report on Monday, April 10th. Finally, Zacks Investment Research lowered shares of Korn/Ferry International from a “buy” rating to a “hold” rating in a research report on Tuesday, February 7th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $27.50.

Korn/Ferry International Company Profile 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “KFY”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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