LMR Partners LLP purchased a new position in Korn/Ferry International (NYSE:KFY) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 18,873 shares of the business services provider’s stock, valued at approximately $652,000.

A number of other institutional investors have also modified their holdings of KFY. BlackRock Inc. increased its position in shares of Korn/Ferry International by 81,030.6% in the first quarter. BlackRock Inc. now owns 6,954,519 shares of the business services provider’s stock worth $218,997,000 after buying an additional 6,945,947 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Korn/Ferry International by 5.7% in the first quarter. Vanguard Group Inc. now owns 4,807,533 shares of the business services provider’s stock worth $151,389,000 after buying an additional 260,391 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Korn/Ferry International by 27.5% in the first quarter. Dimensional Fund Advisors LP now owns 4,234,255 shares of the business services provider’s stock worth $133,336,000 after buying an additional 913,207 shares in the last quarter. Deprince Race & Zollo Inc. increased its position in shares of Korn/Ferry International by 8.9% in the first quarter. Deprince Race & Zollo Inc. now owns 1,356,298 shares of the business services provider’s stock worth $42,710,000 after buying an additional 110,280 shares in the last quarter. Finally, State Street Corp increased its position in shares of Korn/Ferry International by 6.6% in the first quarter. State Street Corp now owns 1,313,864 shares of the business services provider’s stock worth $41,372,000 after buying an additional 80,887 shares in the last quarter. Institutional investors own 87.93% of the company’s stock.

Korn/Ferry International (NYSE KFY) opened at 31.89 on Monday. The stock has a market cap of $1.82 billion, a P/E ratio of 21.75 and a beta of 1.40. The stock has a 50 day moving average price of $33.65 and a 200 day moving average price of $32.15. Korn/Ferry International has a 52-week low of $19.94 and a 52-week high of $36.07.

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, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.03. Korn/Ferry International had a return on equity of 12.14% and a net margin of 5.19%. The company had revenue of $419.60 million for the quarter, compared to analysts’ expectations of $405.33 million. During the same quarter in the previous year, the firm posted $0.58 EPS. The firm’s quarterly revenue was up .6% on a year-over-year basis. On average, equities research analysts forecast that Korn/Ferry International will post $2.44 EPS for the current year.

COPYRIGHT VIOLATION WARNING: This article was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this article on another publication, it was copied illegally and republished in violation of United States and international copyright legislation. The original version of this article can be read at https://www.thecerbatgem.com/2017/08/21/lmr-partners-llp-purchases-new-position-in-kornferry-international-kfy.html.

KFY has been the topic of a number of recent analyst reports. BidaskClub downgraded Korn/Ferry International from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Zacks Investment Research downgraded Korn/Ferry International from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. Finally, Sidoti assumed coverage on Korn/Ferry International in a research report on Monday, June 12th. They issued a “buy” rating and a $43.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $33.67.

In other Korn/Ferry International news, CFO Robert P. Rozek sold 11,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $34.48, for a total transaction of $379,280.00. Following the transaction, the chief financial officer now owns 111,782 shares in the company, valued at approximately $3,854,243.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gary D. Burnison sold 40,000 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 251,485 shares in the company, valued at approximately $8,734,074.05. The disclosure for this sale can be found here. Insiders have sold a total of 183,837 shares of company stock worth $6,336,501 in the last quarter. 1.19% of the stock is currently owned by 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)

Receive News & Stock Ratings for Korn/Ferry International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Korn/Ferry International and related stocks with our FREE daily email newsletter.