1492 Capital Management LLC cut its stake in shares of Korn Ferry (NYSE:KFY) by 8.7% in the 1st quarter, Holdings Channel reports. The firm owned 30,659 shares of the business services provider’s stock after selling 2,911 shares during the quarter. Korn Ferry accounts for 1.2% of 1492 Capital Management LLC’s investment portfolio, making the stock its 29th biggest position. 1492 Capital Management LLC’s holdings in Korn Ferry were worth $1,373,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Parallel Advisors LLC boosted its position in Korn Ferry by 1,403.1% during the first quarter. Parallel Advisors LLC now owns 1,969 shares of the business services provider’s stock valued at $88,000 after purchasing an additional 1,838 shares during the last quarter. Advisors Asset Management Inc. boosted its position in Korn Ferry by 55.0% during the fourth quarter. Advisors Asset Management Inc. now owns 2,698 shares of the business services provider’s stock valued at $107,000 after purchasing an additional 957 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Korn Ferry by 11.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,649 shares of the business services provider’s stock valued at $144,000 after purchasing an additional 384 shares during the last quarter. NumerixS Investment Technologies Inc acquired a new position in Korn Ferry during the fourth quarter valued at approximately $150,000. Finally, Advisor Group Inc. boosted its position in Korn Ferry by 8.8% during the fourth quarter. Advisor Group Inc. now owns 4,080 shares of the business services provider’s stock valued at $162,000 after purchasing an additional 330 shares during the last quarter. 90.21% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have recently issued reports on KFY. ValuEngine raised Korn Ferry from a “sell” rating to a “hold” rating in a research report on Wednesday. Zacks Investment Research cut Korn Ferry from a “hold” rating to a “sell” rating in a research report on Wednesday, May 8th. Finally, William Blair reaffirmed an “outperform” rating on shares of Korn Ferry in a research report on Friday, March 8th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $58.25.

KFY opened at $46.62 on Thursday. Korn Ferry has a 12-month low of $37.38 and a 12-month high of $68.98. The company has a market capitalization of $2.53 billion, a PE ratio of 17.14 and a beta of 1.29. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.18.

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Korn Ferry Company Profile

Korn Ferry, together with its subsidiaries, provides talent management solutions worldwide. It operates through three segments: Executive Search, Hay Group, and Futurestep. The company provides executive search services to fill executive-level positions, such as board directors, chief executive officers, chief financial officers, chief operating officers, chief information officers, chief human resource officers, and other senior executive officers for clients in the consumer, financial services, industrial, life sciences/healthcare provider, technology, and educational/not-for-profit market sectors.

Further Reading: Moving Average Convergence Divergence (MACD)

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

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