Piedmont Investment Advisors LLC purchased a new position in Korn/Ferry International (NYSE:KFY) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 12,416 shares of the business services provider’s stock, valued at approximately $429,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of Montreal Can increased its stake in shares of Korn/Ferry International by 1.7% in the second quarter. Bank of Montreal Can now owns 3,166 shares of the business services provider’s stock worth $110,000 after acquiring an additional 52 shares during the last quarter. Riverhead Capital Management LLC increased its stake in shares of Korn/Ferry International by 80.5% in the second quarter. Riverhead Capital Management LLC now owns 3,430 shares of the business services provider’s stock worth $118,000 after acquiring an additional 1,530 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of Korn/Ferry International by 26.7% in the second quarter. SG Americas Securities LLC now owns 4,161 shares of the business services provider’s stock worth $144,000 after acquiring an additional 878 shares during the last quarter. Highbridge Capital Management LLC acquired a new position in shares of Korn/Ferry International in the first quarter worth $246,000. Finally, Hanseatic Management Services Inc. increased its stake in shares of Korn/Ferry International by 1.1% in the second quarter. Hanseatic Management Services Inc. now owns 7,129 shares of the business services provider’s stock worth $246,000 after acquiring an additional 81 shares during the last quarter. 88.92% of the stock is currently owned by institutional investors and hedge funds.

In other Korn/Ferry International news, CEO Gary D. Burnison sold 50,000 shares of Korn/Ferry International stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $40.02, for a total value of $2,001,000.00. Following the sale, the chief executive officer now directly owns 198,700 shares in the company, valued at approximately $7,951,974. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Robert P. Rozek sold 12,000 shares of Korn/Ferry International stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $40.04, for a total transaction of $480,480.00. Following the completion of the sale, the chief financial officer now owns 93,522 shares in the company, valued at $3,744,620.88. The disclosure for this sale can be found here. Insiders sold a total of 70,000 shares of company stock worth $2,801,960 over the last quarter. Company insiders own 1.01% of the company’s stock.

A number of equities analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Korn/Ferry International from a “buy” rating to a “hold” rating in a research note on Thursday, October 12th. BidaskClub downgraded shares of Korn/Ferry International from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. 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 research note on Thursday, September 7th. Finally, 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 research note on Thursday, September 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $42.50.

Korn/Ferry International (KFY) opened at 40.59 on Friday. Korn/Ferry International has a 1-year low of $19.94 and a 1-year high of $40.80. The firm has a market capitalization of $2.29 billion, a P/E ratio of 21.22 and a beta of 1.41. The stock has a 50 day moving average of $38.00 and a 200-day moving average of $34.14.

Korn/Ferry International (NYSE:KFY) last issued its quarterly earnings results 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. Korn/Ferry International had a net margin of 6.69% and a return on equity of 12.03%. The firm had revenue of $401.25 million for the quarter, compared to analyst estimates of $392.91 million. During the same period in the previous year, the business earned $0.52 EPS. The company’s revenue was up 6.8% compared to the same quarter last year. On average, equities research analysts anticipate that Korn/Ferry International will post $2.45 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Wednesday, September 27th were paid a $0.10 dividend. The ex-dividend date was Tuesday, September 26th. This represents a $0.40 annualized dividend and a yield of 0.99%. Korn/Ferry International’s payout ratio is currently 20.83%.

COPYRIGHT VIOLATION NOTICE: “Piedmont Investment Advisors LLC Takes Position in Korn/Ferry International (KFY)” was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this story on another website, it was illegally copied and republished in violation of US & international copyright & trademark laws. The legal version of this story can be accessed at https://www.thecerbatgem.com/2017/10/20/piedmont-investment-advisors-llc-takes-position-in-kornferry-international-kfy.html.

Korn/Ferry International 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.

Want to see what other hedge funds are holding KFY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Korn/Ferry International (NYSE:KFY).

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.