O Shaughnessy Asset Management LLC increased its holdings in Korn/Ferry International (NYSE:KFY) by 33.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,062 shares of the business services provider’s stock after purchasing an additional 2,287 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Korn/Ferry International were worth $443,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of KFY. BlackRock Inc. raised its holdings in Korn/Ferry International by 10.1% in the 2nd quarter. BlackRock Inc. now owns 8,208,282 shares of the business services provider’s stock worth $508,338,000 after acquiring an additional 751,080 shares during the last quarter. United Services Automobile Association raised its stake in Korn/Ferry International by 3,284.9% during the 2nd quarter. United Services Automobile Association now owns 370,985 shares of the business services provider’s stock valued at $8,640,000 after buying an additional 360,025 shares during the last quarter. Renaissance Technologies LLC raised its stake in Korn/Ferry International by 363.8% during the 2nd quarter. Renaissance Technologies LLC now owns 238,400 shares of the business services provider’s stock valued at $14,764,000 after buying an additional 187,000 shares during the last quarter. Picton Mahoney Asset Management purchased a new stake in Korn/Ferry International during the 3rd quarter valued at $8,840,000. Finally, Principal Financial Group Inc. raised its stake in Korn/Ferry International by 19.2% during the 1st quarter. Principal Financial Group Inc. now owns 1,073,534 shares of the business services provider’s stock valued at $55,384,000 after buying an additional 172,847 shares during the last quarter. 90.03% of the stock is currently owned by institutional investors and hedge funds.

Korn/Ferry International stock traded down $0.86 during midday trading on Friday, reaching $43.65. The stock had a trading volume of 615,191 shares, compared to its average volume of 381,500. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.14 and a quick ratio of 2.14. Korn/Ferry International has a 52-week low of $38.53 and a 52-week high of $68.98. The firm has a market capitalization of $2.53 billion, a P/E ratio of 16.05 and a beta of 1.18.

Korn/Ferry International (NYSE:KFY) last issued its earnings results on Thursday, December 6th. The business services provider reported $0.85 EPS for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.05. The business had revenue of $495.20 million for the quarter, compared to analyst estimates of $485.94 million. Korn/Ferry International had a net margin of 3.92% and a return on equity of 14.97%. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period last year, the company posted $0.67 earnings per share. Research analysts anticipate that Korn/Ferry International will post 3.33 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Thursday, December 20th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, December 19th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.92%. Korn/Ferry International’s dividend payout ratio is presently 14.71%.

Several brokerages recently weighed in on KFY. Zacks Investment Research raised shares of Korn/Ferry International from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a report on Tuesday, September 11th. SunTrust Banks dropped their price objective on shares of Korn/Ferry International to $63.00 and set a “buy” rating for the company in a report on Friday. ValuEngine downgraded shares of Korn/Ferry International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 4th. Credit Suisse Group decreased their target price on shares of Korn/Ferry International from $44.00 to $40.00 and set an “underperform” rating on the stock in a research report on Friday. Finally, TheStreet cut shares of Korn/Ferry International from an “a-” rating to a “c+” rating in a research report on Friday, September 7th. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $58.25.

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Korn/Ferry International Company Profile

Korn/Ferry International, together with its subsidiaries, provides talent management solutions worldwide. It operates through three segments: Executive Search, Hay Group, and Futurestep. The company provides executive search services to fill executive-level positions, such as board directors, chief executive officers, chief financial officers, chief operating officers, chief information officers, chief human resource officers, and other senior executive officers for clients in the consumer, financial services, industrial, life sciences/healthcare provider, technology, and educational/not-for-profit market sectors.

Further Reading: Market Capitalization in the Stock Market

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

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