First Trust Advisors LP Increases Position in Korn/Ferry International (KFY)

First Trust Advisors LP increased its stake in Korn/Ferry International (NYSE:KFY) by 17.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 89,601 shares of the business services provider’s stock after buying an additional 13,368 shares during the quarter. First Trust Advisors LP’s holdings in Korn/Ferry International were worth $4,412,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in KFY. Advisors Preferred LLC boosted its position in 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 valued at $107,000 after buying an additional 877 shares during the period. Flagship Harbor Advisors LLC purchased a new stake in Korn/Ferry International during the second quarter valued at about $142,000. BlueMountain Capital Management LLC purchased a new stake in Korn/Ferry International during the second quarter valued at about $157,000. First Quadrant L P CA purchased a new stake in Korn/Ferry International during the third quarter valued at about $174,000. Finally, OLD National Bancorp IN purchased a new stake in Korn/Ferry International during the second quarter valued at about $229,000. Institutional investors own 88.76% of the company’s stock.

Korn/Ferry International stock opened at $46.27 on Friday. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.18. The stock has a market cap of $2.63 billion, a PE ratio of 17.01 and a beta of 1.14. Korn/Ferry International has a 1-year low of $38.53 and a 1-year high of $68.98.

Korn/Ferry International (NYSE:KFY) last posted its earnings results on Thursday, September 6th. The business services provider reported $0.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.07. The company had revenue of $465.60 million during the quarter, compared to analyst estimates of $458.24 million. Korn/Ferry International had a net margin of 3.51% and a return on equity of 14.26%. Korn/Ferry International’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.55 earnings per share. Sell-side analysts predict that Korn/Ferry International will post 3.3 earnings per share for the current year.

KFY has been the subject of several analyst reports. TheStreet lowered shares of Korn/Ferry International from an “a-” rating to a “c+” rating in a research report on Friday, September 7th. ValuEngine lowered shares of Korn/Ferry International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 4th. Zacks Investment Research lowered shares of Korn/Ferry International from a “buy” rating to a “hold” rating in a report on Thursday, August 30th. Finally, Credit Suisse Group started coverage on shares of Korn/Ferry International in a report on Friday, August 10th. They set an “underperform” rating and a $55.00 target price for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $61.40.

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

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