Principal Financial Group Inc. lowered its position in Korn/Ferry International (NYSE:KFY) by 0.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 443,130 shares of the business services provider’s stock after selling 834 shares during the quarter. Principal Financial Group Inc. owned about 0.78% of Korn/Ferry International worth $15,301,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in KFY. Great West Life Assurance Co. Can raised 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 acquiring an additional 3,553 shares during the period. First Trust Advisors LP raised 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 acquiring an additional 8,592 shares during the period. US Bancorp DE raised its stake in shares of Korn/Ferry International by 11.1% in the first quarter. US Bancorp DE now owns 50,494 shares of the business services provider’s stock valued at $1,590,000 after acquiring an additional 5,030 shares during the period. UBS Asset Management Americas Inc. raised its stake in shares of Korn/Ferry International by 49.7% in the first quarter. UBS Asset Management Americas Inc. now owns 34,254 shares of the business services provider’s stock valued at $1,079,000 after acquiring an additional 11,377 shares during the period. Finally, Karp Capital Management Corp purchased a new stake in shares of Korn/Ferry International in the first quarter valued at $544,000. 88.89% of the stock is currently owned by institutional investors and hedge funds.

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KFY has been the topic of several recent analyst reports. Sidoti initiated coverage on shares of Korn/Ferry International in a research note on Monday, June 12th. They issued a “buy” rating and a $43.00 target price on the stock. Zacks Investment Research cut shares of Korn/Ferry International from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. BidaskClub upgraded shares of Korn/Ferry International from a “buy” rating to a “strong-buy” rating in a report on Friday, June 23rd. Deutsche Bank AG upped their price target on shares of Korn/Ferry International from $34.00 to $40.00 and gave the stock a “hold” rating in a report on Thursday, September 7th. Finally, SunTrust Banks, Inc. upped their price target on shares of Korn/Ferry International from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Thursday, September 7th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $39.25.

Korn/Ferry International (NYSE:KFY) opened at 36.87 on Tuesday. Korn/Ferry International has a 12-month low of $19.94 and a 12-month high of $37.04. The company has a market capitalization of $2.08 billion, a PE ratio of 19.27 and a beta of 1.39. The stock has a 50 day moving average of $33.58 and a 200-day moving average of $32.82.

Korn/Ferry International (NYSE:KFY) last issued its quarterly earnings data on Wednesday, September 6th. The business services provider reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.02. The firm had revenue of $401.25 million for the quarter, compared to analyst estimates of $392.91 million. Korn/Ferry International had a net margin of 6.69% and a return on equity of 12.03%. Korn/Ferry International’s revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.52 EPS. Equities analysts expect that Korn/Ferry International will post $2.45 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Wednesday, September 27th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, September 26th. This represents a $0.40 annualized dividend and a yield of 1.08%. Korn/Ferry International’s dividend payout ratio (DPR) is currently 20.83%.

In related news, CFO Robert P. Rozek sold 11,000 shares of the business’s stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $34.48, for a total value of $379,280.00. Following the sale, the chief financial officer now directly owns 111,782 shares in the company, valued at approximately $3,854,243.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Robert P. Rozek sold 5,000 shares of the business’s stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $34.61, for a total transaction of $173,050.00. Following the completion of the sale, the chief financial officer now owns 101,282 shares in the company, valued at $3,505,370.02. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 183,837 shares of company stock worth $6,336,501. 1.01% of the stock is owned by insiders.

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.

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

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