EAM Investors LLC trimmed its holdings in Korn/Ferry International (NYSE:KFY) by 9.1% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 59,880 shares of the business services provider’s stock after selling 6,024 shares during the quarter. EAM Investors LLC owned 0.11% of Korn/Ferry International worth $3,708,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Robeco Institutional Asset Management B.V. increased its stake in shares of Korn/Ferry International by 32.7% in the second quarter. Robeco Institutional Asset Management B.V. now owns 82,717 shares of the business services provider’s stock worth $5,129,000 after buying an additional 20,404 shares during the period. Sei Investments Co. increased its stake in shares of Korn/Ferry International by 144.3% in the second quarter. Sei Investments Co. now owns 40,965 shares of the business services provider’s stock worth $2,537,000 after buying an additional 24,194 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Korn/Ferry International in the second quarter worth $740,000. Baskin Financial Services Inc. increased its stake in shares of Korn/Ferry International by 0.7% in the second quarter. Baskin Financial Services Inc. now owns 127,557 shares of the business services provider’s stock worth $7,900,000 after buying an additional 850 shares during the period. Finally, Fiera Capital Corp purchased a new position in shares of Korn/Ferry International in the second quarter worth $4,576,000. Hedge funds and other institutional investors own 90.11% of the company’s stock.
Shares of Korn/Ferry International stock opened at $67.20 on Friday. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.17. The firm has a market cap of $3.84 billion, a price-to-earnings ratio of 24.98 and a beta of 1.27. Korn/Ferry International has a 12-month low of $31.53 and a 12-month high of $68.98.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 13th. Shareholders of record on Tuesday, June 26th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date was Monday, June 25th. Korn/Ferry International’s payout ratio is currently 14.71%.
Several brokerages recently commented on KFY. Zacks Investment Research raised shares of Korn/Ferry International from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a research note on Saturday, June 16th. SunTrust Banks lifted their target price on shares of Korn/Ferry International to $72.00 and gave the stock a “buy” rating in a research note on Thursday, June 14th. Finally, Sidoti lifted their target price on shares of Korn/Ferry International from $65.00 to $80.00 in a research note on Thursday, June 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $61.80.
In other Korn/Ferry International news, CEO Gary D. Burnison sold 20,000 shares of the business’s stock in a transaction on Tuesday, July 10th. The shares were sold at an average price of $63.35, for a total transaction of $1,267,000.00. Following the transaction, the chief executive officer now directly owns 184,150 shares of the company’s stock, valued at approximately $11,665,902.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Robert P. Rozek sold 1,962 shares of the business’s stock in a transaction on Friday, July 13th. The shares were sold at an average price of $63.16, for a total transaction of $123,919.92. Following the transaction, the chief financial officer now directly owns 84,011 shares in the company, valued at $5,306,134.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 46,293 shares of company stock worth $2,923,128. Insiders own 1.01% of the company’s stock.
About Korn/Ferry International
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.
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