Great West Life Assurance Co. Can decreased its stake in shares of Korn/Ferry International (NYSE:KFY) by 6.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 78,742 shares of the business services provider’s stock after selling 5,123 shares during the period. Great West Life Assurance Co. Can owned 0.14% of Korn/Ferry International worth $3,148,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of Montreal Can increased its holdings in shares of Korn/Ferry International by 1.7% during the 2nd quarter. Bank of Montreal Can now owns 3,166 shares of the business services provider’s stock valued at $110,000 after acquiring an additional 52 shares during the last quarter. Riverhead Capital Management LLC increased its holdings in shares of Korn/Ferry International by 80.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,430 shares of the business services provider’s stock valued at $118,000 after acquiring an additional 1,530 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Korn/Ferry International by 26.7% during the 2nd quarter. SG Americas Securities LLC now owns 4,161 shares of the business services provider’s stock valued at $144,000 after acquiring an additional 878 shares during the last quarter. OLD National Bancorp IN bought a new stake in Korn/Ferry International during the 3rd quarter valued at approximately $208,000. Finally, First Quadrant L P CA bought a new stake in Korn/Ferry International during the 3rd quarter valued at approximately $212,000. 86.20% of the stock is currently owned by institutional investors and hedge funds.

Shares of Korn/Ferry International (KFY) traded down $0.78 during trading hours on Tuesday, reaching $41.18. The company had a trading volume of 531,200 shares, compared to its average volume of 352,859. Korn/Ferry International has a 1 year low of $27.47 and a 1 year high of $44.08. The company has a market cap of $2,330.00, a P/E ratio of 17.70 and a beta of 1.35. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.13 and a current ratio of 1.94.

Korn/Ferry International (NYSE:KFY) last announced its earnings results on Wednesday, December 6th. The business services provider reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.03. Korn/Ferry International had a return on equity of 12.15% and a net margin of 6.90%. The firm had revenue of $443.02 million during the quarter, compared to the consensus estimate of $424.09 million. During the same quarter in the prior year, the company earned $0.59 EPS. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. research analysts predict that Korn/Ferry International will post 2.47 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Wednesday, December 20th will be given a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, December 19th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.97%. Korn/Ferry International’s dividend payout ratio is currently 19.61%.

In other Korn/Ferry International news, CFO Robert P. Rozek sold 12,000 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $40.04, for a total value of $480,480.00. Following the completion of the sale, the chief financial officer now owns 93,522 shares in the company, valued at approximately $3,744,620.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jerry Leamon sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $40.06, for a total value of $320,480.00. The disclosure for this sale can be found here. Insiders sold a total of 70,000 shares of company stock valued at $2,801,960 in the last quarter. Corporate insiders own 1.01% of the company’s stock.

KFY has been the subject of several recent analyst reports. Zacks Investment Research upgraded Korn/Ferry International from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research note on Wednesday, October 11th. SunTrust Banks increased their target price on Korn/Ferry International from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Thursday, September 7th. ValuEngine downgraded Korn/Ferry International from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Robert W. Baird restated a “hold” rating and set a $45.00 target price on shares of Korn/Ferry International in a research note on Thursday, December 7th. Finally, Deutsche Bank increased their target price on Korn/Ferry International from $34.00 to $40.00 and gave the company a “hold” rating in a research note on Thursday, September 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. Korn/Ferry International has a consensus rating of “Hold” and an average price target of $43.40.

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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.

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

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