Icon Advisers Inc. Co. acquired a new stake in Korn/Ferry International (NYSE:KFY) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 93,500 shares of the company’s stock, valued at approximately $1,963,000. Icon Advisers Inc. Co. owned approximately 0.16% of Korn/Ferry International as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Teacher Retirement System of Texas increased its stake in Korn/Ferry International by 2.2% in the second quarter. Teacher Retirement System of Texas now owns 6,468 shares of the company’s stock valued at $134,000 after buying an additional 141 shares during the last quarter. Pacad Investment Ltd. bought a new stake in Korn/Ferry International during the second quarter valued at $137,000. PineBridge Investments L.P. increased its stake in Korn/Ferry International by 3.8% in the second quarter. PineBridge Investments L.P. now owns 7,264 shares of the company’s stock valued at $151,000 after buying an additional 265 shares during the last quarter. Tower Research Capital LLC TRC bought a new stake in Korn/Ferry International during the second quarter valued at $188,000. Finally, BlackRock Inc. increased its stake in Korn/Ferry International by 172.8% in the second quarter. BlackRock Inc. now owns 9,591 shares of the company’s stock valued at $198,000 after buying an additional 6,075 shares during the last quarter. 86.48% of the stock is owned by institutional investors and hedge funds.

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

Korn/Ferry International (NYSE:KFY) traded up 0.96% during mid-day trading on Tuesday, reaching $25.31. The company’s stock had a trading volume of 561,411 shares. The stock’s 50 day moving average is $21.87 and its 200 day moving average is $23.33. Korn/Ferry International has a 12 month low of $18.57 and a 12 month high of $38.93. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 125.30 and a beta of 1.28.

Korn/Ferry International (NYSE:KFY) last released its quarterly earnings data on Thursday, September 8th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by $0.01. Korn/Ferry International had a return on equity of 11.83% and a net margin of 0.76%. The company had revenue of $392.90 million for the quarter. During the same period in the prior year, the company earned $0.47 EPS. Korn/Ferry International’s quarterly revenue was up 40.7% on a year-over-year basis. Equities research analysts predict that Korn/Ferry International will post $2.24 EPS for the current year.

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Several research firms recently weighed in on KFY. Zacks Investment Research raised shares of Korn/Ferry International from a “sell” rating to a “hold” rating in a report on Wednesday, November 9th. Robert W. Baird cut their price target on shares of Korn/Ferry International from $27.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, September 9th. Finally, Deutsche Bank AG began coverage on shares of Korn/Ferry International in a report on Wednesday, August 17th. They issued a “hold” rating and a $27.00 price target for the company. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Korn/Ferry International presently has a consensus rating of “Hold” and a consensus price target of $32.20.

About Korn/Ferry International

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.

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