Korn/Ferry International (KFY) Shares Bought by MetLife Investment Advisors LLC
MetLife Investment Advisors LLC raised its stake in Korn/Ferry International (NYSE:KFY) by 6.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,738 shares of the business services provider’s stock after purchasing an additional 1,662 shares during the period. MetLife Investment Advisors LLC’s holdings in Korn/Ferry International were worth $1,594,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Advisors Preferred LLC increased its position in shares of Korn/Ferry International by 102.6% during the second quarter. Advisors Preferred LLC now owns 1,732 shares of the business services provider’s stock worth $107,000 after acquiring an additional 877 shares in the last quarter. Point72 Asia Hong Kong Ltd increased its position in shares of Korn/Ferry International by 221.8% during the first quarter. Point72 Asia Hong Kong Ltd now owns 2,095 shares of the business services provider’s stock worth $108,000 after acquiring an additional 1,444 shares in the last quarter. Flagship Harbor Advisors LLC bought a new stake in shares of Korn/Ferry International during the second quarter worth about $142,000. BlueMountain Capital Management LLC bought a new stake in shares of Korn/Ferry International during the second quarter worth about $157,000. Finally, OLD National Bancorp IN bought a new stake in shares of Korn/Ferry International during the second quarter worth about $229,000. 90.42% of the stock is owned by hedge funds and other institutional investors.
In other Korn/Ferry International news, CFO Robert P. Rozek sold 1,962 shares of the company’s stock in a transaction dated Friday, July 13th. The shares were sold at an average price of $63.16, for a total value of $123,919.92. Following the completion of the sale, the chief financial officer now directly owns 84,011 shares of the company’s stock, valued at approximately $5,306,134.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Byrne K. Mulrooney sold 1,607 shares of the company’s stock in a transaction dated Friday, July 13th. The stock was sold at an average price of $65.07, for a total transaction of $104,567.49. Following the completion of the sale, the chief executive officer now directly owns 74,680 shares of the company’s stock, valued at $4,859,427.60. The disclosure for this sale can be found here. Insiders sold a total of 46,293 shares of company stock valued at $2,923,128 over the last ninety days. 0.91% of the stock is currently owned by insiders.
Korn/Ferry International (NYSE:KFY) last issued its quarterly earnings data on Thursday, September 6th. The business services provider reported $0.78 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.07. Korn/Ferry International had a net margin of 3.51% and a return on equity of 14.26%. The business had revenue of $465.60 million during the quarter, compared to the consensus estimate of $458.24 million. During the same period in the prior year, the firm posted $0.55 EPS. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. equities analysts expect that Korn/Ferry International will post 3.3 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 28th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Thursday, September 27th. Korn/Ferry International’s payout ratio is 14.71%.
Several equities research analysts have recently commented on the stock. Zacks Investment Research raised shares of Korn/Ferry International from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research report on Tuesday, September 11th. ValuEngine downgraded shares of Korn/Ferry International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 4th. Sidoti boosted their target price on shares of Korn/Ferry International from $65.00 to $80.00 in a research report on Thursday, June 14th. SunTrust Banks boosted their target price on shares of Korn/Ferry International to $72.00 and gave the stock a “buy” rating in a research report on Thursday, June 14th. Finally, TheStreet downgraded shares of Korn/Ferry International from an “a-” rating to a “c+” rating in a research report on Friday, September 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $61.40.
Korn/Ferry International Profile
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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