Baskin Financial Services Inc. raised its stake in shares of Korn/Ferry International (NYSE:KFY) by 10.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 140,431 shares of the business services provider’s stock after purchasing an additional 12,874 shares during the period. Baskin Financial Services Inc.’s holdings in Korn/Ferry International were worth $6,915,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently modified their holdings of the company. Advisors Preferred LLC raised 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 purchasing an additional 877 shares during the period. Flagship Harbor Advisors LLC purchased a new stake in shares of Korn/Ferry International in the second quarter worth approximately $142,000. BlueMountain Capital Management LLC purchased a new stake in shares of Korn/Ferry International in the second quarter worth approximately $157,000. OLD National Bancorp IN purchased a new stake in shares of Korn/Ferry International in the second quarter worth approximately $229,000. Finally, V Wealth Management LLC purchased a new stake in shares of Korn/Ferry International in the second quarter worth approximately $247,000. Institutional investors and hedge funds own 90.42% of the company’s stock.
Shares of NYSE KFY traded down $1.37 during midday trading on Thursday, hitting $45.01. The company’s stock had a trading volume of 1,675 shares, compared to its average volume of 484,721. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.14 and a current ratio of 2.14. Korn/Ferry International has a 12-month low of $38.53 and a 12-month high of $68.98. The company has a market cap of $2.80 billion, a price-to-earnings ratio of 16.86 and a beta of 1.17.
Korn/Ferry International (NYSE:KFY) last issued its quarterly earnings results on Thursday, September 6th. The business services provider reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.07. Korn/Ferry International had a return on equity of 14.26% and a net margin of 3.51%. The firm had revenue of $465.60 million for the quarter, compared to the consensus estimate of $458.24 million. During the same period in the prior year, the business posted $0.55 earnings per share. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. Sell-side analysts predict that Korn/Ferry International will post 3.3 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Friday, September 28th were issued a $0.10 dividend. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $0.40 annualized dividend and a dividend yield of 0.89%. Korn/Ferry International’s payout ratio is 14.71%.
Several equities research analysts have recently weighed in on the company. TheStreet downgraded Korn/Ferry International from an “a-” rating to a “c+” rating in a report on Friday, September 7th. Zacks Investment Research upgraded Korn/Ferry International from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a report on Tuesday, September 11th. ValuEngine downgraded Korn/Ferry International from a “buy” rating to a “hold” rating in a report on Monday, September 10th. Finally, Credit Suisse Group assumed 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 analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $61.40.
About Korn/Ferry International
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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