Nationwide Fund Advisors reduced its position in Korn/Ferry International (NYSE:KFY) by 55.1% during the second quarter, Holdings Channel reports. The institutional investor owned 106,265 shares of the company’s stock after selling 130,568 shares during the period. Nationwide Fund Advisors owned about 0.19% of Korn/Ferry International worth $2,200,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. increased its stake in Korn/Ferry International by 117.0% in the first quarter. BlackRock Inc. now owns 3,516 shares of the company’s stock worth $100,000 after buying an additional 1,896 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Korn/Ferry International during the second quarter worth $307,000. Aperio Group LLC increased its stake in Korn/Ferry International by 4.9% in the first quarter. Aperio Group LLC now owns 10,945 shares of the company’s stock worth $310,000 after buying an additional 516 shares in the last quarter. Airain ltd acquired a new stake in Korn/Ferry International during the second quarter worth $340,000. Finally, Fox Run Management L.L.C. acquired a new stake in Korn/Ferry International during the second quarter worth $348,000. 84.58% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Korn/Ferry International (NYSE:KFY) traded up 0.19% during mid-day trading on Wednesday, reaching $20.81. 28,624 shares of the company traded hands. Korn/Ferry International has a 52 week low of $18.57 and a 52 week high of $38.93. The stock has a market capitalization of $1.20 billion, a PE ratio of 103.02 and a beta of 1.56. The firm has a 50 day moving average of $22.39 and a 200-day moving average of $24.98.
Korn/Ferry International (NYSE:KFY) last released its earnings results on Thursday, September 8th. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.53 by $0.01. Korn/Ferry International had a return on equity of 11.83% and a net margin of 0.76%. The business had revenue of $392.90 million for the quarter. During the same period last year, the business posted $0.47 EPS. The company’s revenue was up 40.7% on a year-over-year basis. On average, equities research analysts expect that Korn/Ferry International will post $2.24 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Monday, September 26th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, September 22nd. This represents a $0.40 annualized dividend and a dividend yield of 1.93%. Korn/Ferry International’s payout ratio is currently 190.49%.
A number of analysts have recently weighed in on KFY shares. TheStreet downgraded shares of Korn/Ferry International from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th. Deutsche Bank AG started coverage on shares of Korn/Ferry International in a research report on Wednesday, August 17th. They issued a “hold” rating and a $27.00 target price on the stock. Zacks Investment Research raised shares of Korn/Ferry International from a “sell” rating to a “hold” rating in a research report on Tuesday, August 16th. Piper Jaffray Cos. reissued a “neutral” rating and set a $25.00 price objective (down from $31.00) on shares of Korn/Ferry International in a research report on Thursday, July 7th. Finally, Robert W. Baird cut their price objective on shares of Korn/Ferry International from $27.00 to $26.00 and set a “neutral” rating on the stock in a research report on Friday, September 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. Korn/Ferry International has a consensus rating of “Hold” and a consensus price target of $32.20.
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.