Bank of New York Mellon Corp increased its position in Korn/Ferry International (NYSE:KFY) by 9.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,713,949 shares of the business services provider’s stock after buying an additional 143,828 shares during the period. Bank of New York Mellon Corp owned approximately 3.01% of Korn/Ferry International worth $59,184,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of KFY. BlackRock Inc. raised its position in shares of Korn/Ferry International by 81,030.6% in the first quarter. BlackRock Inc. now owns 6,954,519 shares of the business services provider’s stock worth $218,997,000 after buying an additional 6,945,947 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Korn/Ferry International by 5.7% in the first quarter. Vanguard Group Inc. now owns 4,807,533 shares of the business services provider’s stock worth $151,389,000 after buying an additional 260,391 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Korn/Ferry International by 27.5% in the first quarter. Dimensional Fund Advisors LP now owns 4,234,255 shares of the business services provider’s stock worth $133,336,000 after buying an additional 913,207 shares in the last quarter. Deprince Race & Zollo Inc. raised its position in shares of Korn/Ferry International by 8.9% in the first quarter. Deprince Race & Zollo Inc. now owns 1,356,298 shares of the business services provider’s stock worth $42,710,000 after buying an additional 110,280 shares in the last quarter. Finally, State Street Corp raised its position in shares of Korn/Ferry International by 6.6% in the first quarter. State Street Corp now owns 1,313,864 shares of the business services provider’s stock worth $41,372,000 after buying an additional 80,887 shares in the last quarter. Hedge funds and other institutional investors own 86.92% of the company’s stock.

Korn/Ferry International (KFY) opened at 33.32 on Friday. The firm’s 50-day moving average is $33.19 and its 200 day moving average is $32.41. The company has a market cap of $1.90 billion, a price-to-earnings ratio of 22.73 and a beta of 1.40. Korn/Ferry International has a 52-week low of $19.94 and a 52-week high of $36.07.

Korn/Ferry International (NYSE:KFY) last announced its earnings results on Tuesday, June 20th. The business services provider reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.03. Korn/Ferry International had a net margin of 5.19% and a return on equity of 12.14%. The company had revenue of $419.60 million for the quarter, compared to analysts’ expectations of $405.33 million. During the same quarter in the previous year, the company posted $0.58 EPS. The firm’s quarterly revenue was up .6% on a year-over-year basis. On average, equities research analysts predict that Korn/Ferry International will post $2.44 EPS for the current fiscal year.

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KFY has been the subject of a number of research reports. BidaskClub lowered shares of Korn/Ferry International from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Zacks Investment Research lowered shares of Korn/Ferry International from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. Finally, Sidoti initiated coverage on shares of Korn/Ferry International in a research report on Monday, June 12th. They set a “buy” rating and a $43.00 target price for the company. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $33.67.

In other Korn/Ferry International news, CFO Robert P. Rozek sold 5,000 shares of Korn/Ferry International stock in a transaction on Friday, June 30th. The shares were sold at an average price of $34.61, for a total transaction of $173,050.00. Following the sale, the chief financial officer now owns 101,282 shares of the company’s stock, valued at approximately $3,505,370.02. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Robert P. Rozek sold 11,000 shares of Korn/Ferry International stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $34.48, for a total transaction of $379,280.00. Following the sale, the chief financial officer now directly owns 111,782 shares in the company, valued at approximately $3,854,243.36. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 183,837 shares of company stock worth $6,336,501. 1.01% of the stock is currently owned by corporate insiders.

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.

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

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