Bailard Inc. cut its holdings in shares of Korn Ferry (NYSE:KFY) by 19.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,100 shares of the business services provider’s stock after selling 1,700 shares during the quarter. Bailard Inc.’s holdings in Korn Ferry were worth $274,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of KFY. Oregon Public Employees Retirement Fund boosted its holdings in Korn Ferry by 1.8% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 22,349 shares of the business services provider’s stock valued at $896,000 after purchasing an additional 400 shares during the last quarter. Skyline Asset Management LP boosted its holdings in Korn Ferry by 0.3% in the 3rd quarter. Skyline Asset Management LP now owns 116,900 shares of the business services provider’s stock valued at $4,517,000 after purchasing an additional 400 shares during the last quarter. Verition Fund Management LLC boosted its holdings in Korn Ferry by 7.7% in the 2nd quarter. Verition Fund Management LLC now owns 14,277 shares of the business services provider’s stock valued at $572,000 after purchasing an additional 1,018 shares during the last quarter. Strs Ohio boosted its holdings in Korn Ferry by 6.3% in the 2nd quarter. Strs Ohio now owns 28,500 shares of the business services provider’s stock valued at $1,141,000 after purchasing an additional 1,700 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in Korn Ferry in the 3rd quarter valued at about $68,000. Hedge funds and other institutional investors own 91.24% of the company’s stock.
Several research firms have weighed in on KFY. Robert W. Baird set a $42.00 target price on shares of Korn Ferry and gave the company a “hold” rating in a report on Friday, September 6th. ValuEngine upgraded shares of Korn Ferry from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Sidoti decreased their target price on shares of Korn Ferry from $72.00 to $63.00 and set a “buy” rating on the stock in a report on Friday, September 6th. Credit Suisse Group decreased their target price on shares of Korn Ferry from $40.00 to $37.00 and set an “underperform” rating on the stock in a report on Friday, September 6th. Finally, Zacks Investment Research lowered shares of Korn Ferry from a “hold” rating to a “sell” rating in a report on Tuesday. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $50.00.
Korn Ferry (NYSE:KFY) last released its quarterly earnings results on Thursday, September 5th. The business services provider reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01). The company had revenue of $484.50 million during the quarter, compared to analysts’ expectations of $475.35 million. Korn Ferry had a net margin of 9.25% and a return on equity of 15.26%. Korn Ferry’s revenue was up 4.1% on a year-over-year basis. During the same period last year, the firm posted $0.78 earnings per share. Equities analysts expect that Korn Ferry will post 3.25 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date was Thursday, September 26th. Korn Ferry’s dividend payout ratio (DPR) is 12.08%.
Korn Ferry Company Profile
Korn Ferry, 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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