Korn Ferry (KFY) Shares Bought by Deutsche Bank AG

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Deutsche Bank AG lifted its holdings in shares of Korn Ferry (NYSE:KFY) by 37.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 295,698 shares of the business services provider’s stock after purchasing an additional 80,708 shares during the quarter. Deutsche Bank AG’s holdings in Korn Ferry were worth $11,688,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Trust Co. of Vermont bought a new stake in Korn Ferry in the 4th quarter valued at $25,000. Nisa Investment Advisors LLC boosted its stake in Korn Ferry by 90.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,050 shares of the business services provider’s stock valued at $42,000 after purchasing an additional 500 shares during the period. Csenge Advisory Group bought a new stake in Korn Ferry in the 3rd quarter valued at $113,000. Advisors Asset Management Inc. boosted its stake in Korn Ferry by 55.0% in the 4th quarter. Advisors Asset Management Inc. now owns 2,698 shares of the business services provider’s stock valued at $107,000 after purchasing an additional 957 shares during the period. Finally, Point72 Hong Kong Ltd boosted its stake in Korn Ferry by 205.1% in the 3rd quarter. Point72 Hong Kong Ltd now owns 2,947 shares of the business services provider’s stock valued at $145,000 after purchasing an additional 1,981 shares during the period. Institutional investors own 91.04% of the company’s stock.

Several analysts recently issued reports on the company. Zacks Investment Research downgraded Korn Ferry from a “buy” rating to a “hold” rating in a research note on Wednesday, February 6th. ValuEngine downgraded Korn Ferry from a “hold” rating to a “sell” rating in a research note on Friday, March 29th. Finally, William Blair restated an “outperform” rating on shares of Korn Ferry in a research note on Friday, March 8th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. Korn Ferry presently has a consensus rating of “Hold” and a consensus target price of $58.25.

Shares of NYSE KFY opened at $47.49 on Wednesday. The firm has a market capitalization of $2.68 billion, a price-to-earnings ratio of 14.64 and a beta of 1.29. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.18. Korn Ferry has a fifty-two week low of $37.38 and a fifty-two week high of $68.98.

Korn Ferry (NYSE:KFY) last announced its quarterly earnings data on Thursday, March 7th. The business services provider reported $0.81 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.81. The firm had revenue of $474.50 million during the quarter, compared to analysts’ expectations of $481.98 million. Korn Ferry had a return on equity of 15.42% and a net margin of 4.77%. During the same period in the previous year, the firm earned $0.70 EPS. As a group, equities research analysts forecast that Korn Ferry will post 3.34 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Tuesday, March 26th were issued a $0.10 dividend. The ex-dividend date was Monday, March 25th. This represents a $0.40 annualized dividend and a yield of 0.84%. Korn Ferry’s dividend payout ratio is presently 14.71%.

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Korn Ferry Profile

Korn/Ferry International engages in the provision of global organizational consulting firm. It operates through the following segments: Executive Search, Hay Group, Futurestep, and Corporate. The Executive Search segment helps clients attract and hire leaders who fit in with their organization, and make it stand out.

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

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