Riverhead Capital Management LLC lifted its holdings in Korn/Ferry International (NYSE:KFY) by 80.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,430 shares of the business services provider’s stock after acquiring an additional 1,530 shares during the quarter. Riverhead Capital Management LLC’s holdings in Korn/Ferry International were worth $118,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Bank of Montreal Can increased its stake in shares of Korn/Ferry International by 1.7% in the second quarter. Bank of Montreal Can now owns 3,166 shares of the business services provider’s stock worth $110,000 after acquiring an additional 52 shares during the period. Texas Permanent School Fund increased its stake in shares of Korn/Ferry International by 0.8% in the second quarter. Texas Permanent School Fund now owns 41,924 shares of the business services provider’s stock worth $1,448,000 after acquiring an additional 350 shares during the period. Baskin Financial Services Inc. increased its stake in shares of Korn/Ferry International by 0.5% in the second quarter. Baskin Financial Services Inc. now owns 119,817 shares of the business services provider’s stock worth $4,137,000 after acquiring an additional 620 shares during the period. Mason Street Advisors LLC increased its stake in shares of Korn/Ferry International by 6.1% in the first quarter. Mason Street Advisors LLC now owns 13,427 shares of the business services provider’s stock worth $423,000 after acquiring an additional 774 shares during the period. Finally, SG Americas Securities LLC increased its stake in shares of Korn/Ferry International by 26.7% in the second quarter. SG Americas Securities LLC now owns 4,161 shares of the business services provider’s stock worth $144,000 after acquiring an additional 878 shares during the period. Hedge funds and other institutional investors own 88.89% of the company’s stock.

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In related news, CFO Robert P. Rozek sold 12,000 shares of the company’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 sale, the chief financial officer now owns 93,522 shares in the company, valued at approximately $3,744,620.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Gary D. Burnison sold 20,000 shares of the company’s stock in a transaction on Tuesday, July 11th. The shares were sold at an average price of $33.87, for a total transaction of $677,400.00. Following the completion of the sale, the chief executive officer now owns 251,485 shares of the company’s stock, valued at approximately $8,517,796.95. The disclosure for this sale can be found here. In the last quarter, insiders sold 188,837 shares of company stock valued at $6,893,141. 1.01% of the stock is owned by insiders.

A number of analysts have recently weighed in on KFY shares. SunTrust Banks, Inc. increased their price objective on shares of Korn/Ferry International from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday, September 7th. BidaskClub lowered shares of Korn/Ferry International from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 13th. 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 price objective on the stock. Finally, Deutsche Bank AG increased their price objective on shares of Korn/Ferry International from $34.00 to $40.00 and gave the stock a “hold” rating in a research note on Thursday, September 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $41.67.

Shares of Korn/Ferry International (NYSE KFY) opened at 39.85 on Friday. The stock has a 50 day moving average of $35.81 and a 200-day moving average of $33.51. Korn/Ferry International has a 1-year low of $19.94 and a 1-year high of $40.64. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of 20.83 and a beta of 1.41.

Korn/Ferry International (NYSE:KFY) last released its quarterly earnings results on Wednesday, September 6th. The business services provider reported $0.55 EPS for the quarter, beating the consensus estimate of $0.53 by $0.02. Korn/Ferry International had a net margin of 6.69% and a return on equity of 12.03%. The firm had revenue of $401.25 million during the quarter, compared to the consensus estimate of $392.91 million. During the same quarter in the prior year, the firm earned $0.52 EPS. Korn/Ferry International’s revenue for the quarter was up 6.8% on a year-over-year basis. Equities analysts anticipate that Korn/Ferry International will post $2.45 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Wednesday, September 27th will be given a $0.10 dividend. The ex-dividend date is Tuesday, September 26th. This represents a $0.40 annualized dividend and a yield of 1.00%. Korn/Ferry International’s dividend payout ratio (DPR) is 20.83%.

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.

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

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