Price Capital Management Inc. purchased a new stake in shares of Korn/Ferry International (NYSE:KFY) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 77,088 shares of the business services provider’s stock, valued at approximately $3,190,000. Price Capital Management Inc. owned approximately 0.14% of Korn/Ferry International at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of KFY. Hennessy Advisors Inc. acquired a new position in Korn/Ferry International during the 4th quarter valued at approximately $30,340,000. Ameriprise Financial Inc. increased its stake in Korn/Ferry International by 77.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 628,769 shares of the business services provider’s stock valued at $24,793,000 after purchasing an additional 274,447 shares in the last quarter. Acadian Asset Management LLC increased its stake in Korn/Ferry International by 880.8% during the 4th quarter. Acadian Asset Management LLC now owns 241,033 shares of the business services provider’s stock valued at $9,976,000 after purchasing an additional 216,459 shares in the last quarter. Principal Financial Group Inc. increased its stake in Korn/Ferry International by 45.3% during the 3rd quarter. Principal Financial Group Inc. now owns 643,987 shares of the business services provider’s stock valued at $25,393,000 after purchasing an additional 200,857 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new position in Korn/Ferry International during the 4th quarter valued at approximately $7,904,000. Institutional investors and hedge funds own 88.04% of the company’s stock.
A number of research analysts have issued reports on KFY shares. Zacks Investment Research upgraded shares of Korn/Ferry International from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research note on Wednesday, November 8th. ValuEngine downgraded shares of Korn/Ferry International from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Robert W. Baird reaffirmed a “hold” rating and issued a $37.00 price objective on shares of Korn/Ferry International in a report on Friday, November 10th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $42.00 price objective on shares of Korn/Ferry International in a report on Friday, October 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. Korn/Ferry International currently has a consensus rating of “Hold” and an average target price of $43.40.
Korn/Ferry International (NYSE:KFY) last released its quarterly earnings data on Wednesday, December 6th. The business services provider reported $0.67 EPS for the quarter, beating the consensus estimate of $0.64 by $0.03. Korn/Ferry International had a net margin of 6.90% and a return on equity of 12.15%. The business had revenue of $443.02 million for the quarter, compared to the consensus estimate of $424.09 million. During the same period in the prior year, the firm earned $0.59 EPS. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. equities analysts forecast that Korn/Ferry International will post 2.49 earnings per share for the current year.
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Korn/Ferry International 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.
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