Korn/Ferry International (NYSE:KFY) Stake Cut by Emerald Advisers Inc. PA

Emerald Advisers Inc. PA reduced its stake in Korn/Ferry International (NYSE:KFY) by 34.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 26,435 shares of the business services provider’s stock after selling 14,199 shares during the period. Emerald Advisers Inc. PA’s holdings in Korn/Ferry International were worth $913,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the company. First Trust Advisors LP boosted its stake in shares of Korn/Ferry International by 42.8% in the first quarter. First Trust Advisors LP now owns 28,676 shares of the business services provider’s stock valued at $903,000 after buying an additional 8,592 shares in the last quarter. Great West Life Assurance Co. Can boosted its stake in shares of Korn/Ferry International by 4.6% in the first quarter. Great West Life Assurance Co. Can now owns 80,801 shares of the business services provider’s stock valued at $2,544,000 after buying an additional 3,553 shares in the last quarter. Kornitzer Capital Management Inc. KS purchased a new stake in shares of Korn/Ferry International during the first quarter valued at $5,120,000. Russell Investments Group Ltd. boosted its stake in shares of Korn/Ferry International by 1.4% in the first quarter. Russell Investments Group Ltd. now owns 614,890 shares of the business services provider’s stock valued at $19,362,000 after buying an additional 8,431 shares in the last quarter. Finally, Northpointe Capital LLC purchased a new stake in shares of Korn/Ferry International during the first quarter valued at $4,577,000. Institutional investors and hedge funds own 87.93% of the company’s stock.

Shares of Korn/Ferry International (NYSE KFY) traded down 0.69% during midday trading on Friday, hitting $31.89. The company had a trading volume of 558,079 shares. The firm has a market capitalization of $1.82 billion, a PE ratio of 21.75 and a beta of 1.40. Korn/Ferry International has a 12 month low of $19.94 and a 12 month high of $36.07. The company has a 50-day moving average of $33.65 and a 200 day moving average of $32.15.

Korn/Ferry International (NYSE:KFY) last released its earnings results on Tuesday, June 20th. The business services provider reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.03. The firm had revenue of $419.60 million during the quarter, compared to analyst estimates of $405.33 million. Korn/Ferry International had a return on equity of 12.14% and a net margin of 5.19%. Korn/Ferry International’s revenue was up .6% compared to the same quarter last year. During the same period last year, the business posted $0.58 earnings per share. On average, analysts expect that Korn/Ferry International will post $2.44 EPS for the current fiscal year.

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Several brokerages have weighed in on KFY. BidaskClub upgraded Korn/Ferry International from a “buy” rating to a “strong-buy” rating in a report on Friday, June 23rd. Zacks Investment Research cut Korn/Ferry International from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. Finally, Sidoti began coverage on Korn/Ferry International in a research note on Monday, June 12th. They set a “buy” rating and a $43.00 price objective for the company. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. Korn/Ferry International presently has a consensus rating of “Hold” and an average target price of $33.67.

In related news, CEO Gary D. Burnison sold 40,000 shares of Korn/Ferry International stock in a transaction on Monday, July 10th. The stock was sold at an average price of $34.73, for a total value of $1,389,200.00. Following the completion of the transaction, the chief executive officer now directly owns 251,485 shares in the company, valued at $8,734,074.05. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Gary D. Burnison sold 58,837 shares of Korn/Ferry International stock in a transaction on Wednesday, July 12th. The shares were sold at an average price of $34.41, for a total value of $2,024,581.17. Following the completion of the transaction, the chief executive officer now owns 251,485 shares of the company’s stock, valued at $8,653,598.85. The disclosure for this sale can be found here. Over the last quarter, insiders sold 183,837 shares of company stock valued at $6,336,501. 1.19% of the stock is currently owned by company insiders.

Korn/Ferry International Company Profile

Korn/Ferry International (Korn Ferry) is a people and organizational advisory company. The Company and its subsidiaries are engaged in the provision of talent management solutions, including executive search on a retained basis, recruitment for non-executive professionals, recruitment process outsourcing, and leadership and talent consulting services.

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

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