American Century Companies Inc. acquired a new position in shares of Korn/Ferry International (NYSE:KFY) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 148,359 shares of the business services provider’s stock, valued at approximately $7,305,000. American Century Companies Inc. owned about 0.26% of Korn/Ferry International as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of KFY. Amalgamated Bank grew its stake in Korn/Ferry International by 22.6% during the second quarter. Amalgamated Bank now owns 9,203 shares of the business services provider’s stock worth $570,000 after purchasing an additional 1,699 shares during the period. Cornerstone Wealth Management LLC acquired a new stake in Korn/Ferry International during the second quarter worth approximately $1,742,000. Acadian Asset Management LLC grew its stake in Korn/Ferry International by 56.8% during the second quarter. Acadian Asset Management LLC now owns 298,116 shares of the business services provider’s stock worth $18,462,000 after purchasing an additional 107,954 shares during the period. Columbus Circle Investors grew its stake in Korn/Ferry International by 44.2% during the second quarter. Columbus Circle Investors now owns 261,824 shares of the business services provider’s stock worth $16,215,000 after purchasing an additional 80,275 shares during the period. Finally, OLD National Bancorp IN acquired a new stake in Korn/Ferry International during the second quarter worth approximately $229,000. 88.76% of the stock is currently owned by institutional investors.
KFY has been the topic of several recent research reports. Zacks Investment Research lowered Korn/Ferry International from a “buy” rating to a “hold” rating in a report on Thursday, November 8th. TheStreet lowered Korn/Ferry International from an “a-” rating to a “c+” rating in a report on Friday, September 7th. ValuEngine lowered Korn/Ferry International from a “buy” rating to a “hold” rating in a report on Monday, September 10th. Finally, Credit Suisse Group initiated coverage on Korn/Ferry International in a report on Friday, August 10th. They issued an “underperform” rating and a $55.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $61.40.
Korn/Ferry International (NYSE:KFY) last announced its quarterly earnings results on Thursday, September 6th. The business services provider reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.07. The business had revenue of $465.60 million for the quarter, compared to analyst estimates of $458.24 million. Korn/Ferry International had a return on equity of 14.26% and a net margin of 3.51%. The company’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.55 earnings per share. Equities research analysts anticipate that Korn/Ferry International will post 3.3 earnings per share for the current year.
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Korn/Ferry International Company 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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