BlackRock Inc. Acquires 21,077 Shares of Korn Ferry (KFY)

BlackRock Inc. grew its holdings in shares of Korn Ferry (NYSE:KFY) by 0.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,602,101 shares of the business services provider’s stock after purchasing an additional 21,077 shares during the quarter. BlackRock Inc. owned about 0.15% of Korn Ferry worth $340,126,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. California Public Employees Retirement System grew its position in Korn Ferry by 34.1% in the 4th quarter. California Public Employees Retirement System now owns 146,810 shares of the business services provider’s stock worth $5,805,000 after purchasing an additional 37,325 shares during the last quarter. Seizert Capital Partners LLC boosted its position in shares of Korn Ferry by 43.7% during the 4th quarter. Seizert Capital Partners LLC now owns 44,578 shares of the business services provider’s stock valued at $1,763,000 after acquiring an additional 13,565 shares in the last quarter. 361 Capital LLC boosted its position in shares of Korn Ferry by 70.7% during the 4th quarter. 361 Capital LLC now owns 49,212 shares of the business services provider’s stock valued at $1,946,000 after acquiring an additional 20,380 shares in the last quarter. Beacon Investment Advisory Services Inc. acquired a new stake in shares of Korn Ferry during the 4th quarter valued at about $206,000. Finally, PNC Financial Services Group Inc. boosted its position in shares of Korn Ferry by 22.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,066 shares of the business services provider’s stock valued at $240,000 after acquiring an additional 1,113 shares in the last quarter. Institutional investors and hedge funds own 92.15% of the company’s stock.

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Several brokerages have recently weighed in on KFY. ValuEngine upgraded shares of Korn Ferry from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Zacks Investment Research upgraded shares of Korn Ferry from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research report on Saturday, December 8th. Credit Suisse Group decreased their target price on shares of Korn Ferry from $44.00 to $40.00 and set an “underperform” rating on the stock in a research report on Friday, December 7th. SunTrust Banks decreased their target price on shares of Korn Ferry to $63.00 and set a “buy” rating on the stock in a research report on Friday, December 7th. Finally, TheStreet upgraded shares of Korn Ferry from a “c” rating to a “b” rating in a research report on Friday, December 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. Korn Ferry has a consensus rating of “Hold” and an average target price of $58.25.

Shares of KFY stock opened at $46.45 on Tuesday. Korn Ferry has a 12-month low of $37.38 and a 12-month high of $68.98. The stock has a market cap of $2.53 billion, a P/E ratio of 17.08 and a beta of 1.31. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.17.

Korn Ferry (NYSE:KFY) last announced its quarterly earnings results on Thursday, March 7th. The business services provider reported $0.81 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.81. Korn Ferry had a net margin of 3.92% and a return on equity of 15.01%. The firm had revenue of $474.50 million during the quarter, compared to the consensus estimate of $481.98 million. During the same period last year, the firm posted $0.70 EPS. On average, equities research analysts expect that Korn Ferry will post 3.36 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Tuesday, March 26th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend is Monday, March 25th. Korn Ferry’s dividend payout ratio is currently 14.71%.

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Korn Ferry Company Profile

Korn/Ferry International engages in the provision of global organizational consulting firm. It operates through the following segments: Executive Search, Hay Group, Futurestep, and Corporate. The Executive Search segment helps clients attract and hire leaders who fit in with their organization, and make it stand out.

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