Macquarie Group Ltd. purchased a new position in shares of Korn/Ferry International (NYSE:KFY) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 7,400 shares of the business services provider’s stock, valued at approximately $292,000.

Several other hedge funds and other institutional investors also recently modified their holdings of KFY. Dimensional Fund Advisors LP lifted its holdings in shares of Korn/Ferry International by 8.1% during the second quarter. Dimensional Fund Advisors LP now owns 4,575,969 shares of the business services provider’s stock worth $158,009,000 after purchasing an additional 341,714 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Korn/Ferry International by 77.5% during the third quarter. Ameriprise Financial Inc. now owns 628,769 shares of the business services provider’s stock worth $24,793,000 after purchasing an additional 274,447 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Korn/Ferry International by 45.3% during the third quarter. Principal Financial Group Inc. now owns 643,987 shares of the business services provider’s stock worth $25,393,000 after purchasing an additional 200,857 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Korn/Ferry International by 9.2% during the second quarter. Bank of New York Mellon Corp now owns 1,713,949 shares of the business services provider’s stock worth $59,184,000 after purchasing an additional 143,828 shares during the period. Finally, Gotham Asset Management LLC lifted its holdings in shares of Korn/Ferry International by 348.5% during the second quarter. Gotham Asset Management LLC now owns 107,987 shares of the business services provider’s stock worth $3,729,000 after purchasing an additional 83,908 shares during the period. 86.20% of the stock is owned by hedge funds and other institutional investors.

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

Several brokerages recently weighed in on KFY. Robert W. Baird reaffirmed a “hold” rating and set a $45.00 price target on shares of Korn/Ferry International in a report on Thursday, December 7th. Zacks Investment Research downgraded Korn/Ferry International from a “buy” rating to a “hold” rating in a report on Friday, December 8th. ValuEngine downgraded Korn/Ferry International from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Deutsche Bank increased their price objective on Korn/Ferry International from $34.00 to $40.00 and gave the stock a “hold” rating in a research report on Thursday, September 7th. Finally, SunTrust Banks increased their price objective on Korn/Ferry International from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, September 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. Korn/Ferry International has a consensus rating of “Hold” and a consensus target price of $43.40.

Korn/Ferry International (NYSE KFY) opened at $42.01 on Monday. The stock has a market capitalization of $2,374.11, a price-to-earnings ratio of 17.73 and a beta of 1.35. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.94 and a quick ratio of 2.13. Korn/Ferry International has a 52-week low of $27.47 and a 52-week high of $44.08.

Korn/Ferry International (NYSE:KFY) last released its quarterly earnings data on Wednesday, December 6th. The business services provider reported $0.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.03. The firm had revenue of $443.02 million during the quarter, compared to analysts’ expectations of $424.09 million. Korn/Ferry International had a return on equity of 12.15% and a net margin of 6.90%. Korn/Ferry International’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.59 earnings per share. equities analysts expect that Korn/Ferry International will post 2.49 EPS for the current fiscal year.

The firm 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. This represents a $0.40 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Tuesday, December 19th. Korn/Ferry International’s payout ratio is 19.61%.

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About Korn/Ferry International

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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