Texas Permanent School Fund boosted its stake in Korn/Ferry International (NYSE:KFY) by 0.8% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 41,924 shares of the business services provider’s stock after buying an additional 350 shares during the period. Texas Permanent School Fund’s holdings in Korn/Ferry International were worth $1,448,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new stake in Korn/Ferry International during the fourth quarter valued at about $11,559,000. UBS Asset Management Americas Inc. boosted its stake in Korn/Ferry International by 4.0% in the fourth quarter. UBS Asset Management Americas Inc. now owns 22,877 shares of the business services provider’s stock valued at $673,000 after buying an additional 879 shares in the last quarter. Teachers Advisors LLC boosted its stake in Korn/Ferry International by 1.9% in the fourth quarter. Teachers Advisors LLC now owns 91,046 shares of the business services provider’s stock valued at $2,679,000 after buying an additional 1,698 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in Korn/Ferry International by 0.4% in the first quarter. Louisiana State Employees Retirement System now owns 23,400 shares of the business services provider’s stock valued at $737,000 after buying an additional 100 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in Korn/Ferry International by 1.0% in the first quarter. State of Alaska Department of Revenue now owns 6,340 shares of the business services provider’s stock valued at $199,000 after buying an additional 60 shares in the last quarter. Institutional investors and hedge funds own 87.93% of the company’s stock.

Shares of Korn/Ferry International (KFY) opened at 32.70 on Wednesday. The stock has a market capitalization of $1.86 billion, a PE ratio of 22.31 and a beta of 1.40. The firm has a 50-day moving average of $33.84 and a 200 day moving average of $32.13. Korn/Ferry International has a 1-year low of $19.94 and a 1-year high of $36.07.

Korn/Ferry International (NYSE:KFY) last issued its quarterly earnings results on Tuesday, June 20th. The business services provider reported $0.62 earnings per share for the quarter, beating 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 business had revenue of $419.60 million for the quarter, compared to the consensus estimate of $405.33 million. During the same quarter in the previous year, the firm earned $0.58 earnings per share. The company’s revenue for the quarter was up .6% on a year-over-year basis. Analysts predict that Korn/Ferry International will post $2.44 EPS for the current year.

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Several analysts have issued reports on KFY shares. Sidoti started coverage on shares of Korn/Ferry International in a research note on Monday, June 12th. They issued a “buy” rating and a $43.00 target price on the stock. Zacks Investment Research cut shares of Korn/Ferry International from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. Finally, BidaskClub upgraded shares of Korn/Ferry International from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 23rd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. Korn/Ferry International has an average rating of “Hold” and a consensus target price of $32.00.

In other Korn/Ferry International news, CEO Byrne K. Mulrooney sold 16,000 shares of Korn/Ferry International stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $34.61, for a total transaction of $553,760.00. Following the transaction, the chief executive officer now owns 104,712 shares of the company’s stock, valued at $3,624,082.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Robert P. Rozek sold 11,000 shares of Korn/Ferry International stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $34.48, for a total transaction of $379,280.00. Following the transaction, 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. Insiders have sold 183,837 shares of company stock worth $6,336,501 in the last ninety days. Insiders own 1.19% of the company’s stock.

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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