James Investment Research Inc. reduced its position in Korn Ferry (NYSE:KFY) by 6.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,694 shares of the business services provider’s stock after selling 1,693 shares during the period. James Investment Research Inc.’s holdings in Korn Ferry were worth $1,061,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its stake in shares of Korn Ferry by 3.3% in the third quarter. Bank of New York Mellon Corp now owns 1,474,428 shares of the business services provider’s stock worth $72,600,000 after buying an additional 47,219 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Korn Ferry in the third quarter worth approximately $479,000. Pacer Advisors Inc. bought a new position in shares of Korn Ferry in the third quarter worth approximately $365,000. MetLife Investment Advisors LLC lifted its stake in shares of Korn Ferry by 55.2% in the third quarter. MetLife Investment Advisors LLC now owns 39,934 shares of the business services provider’s stock worth $1,966,000 after buying an additional 14,196 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its stake in shares of Korn Ferry by 86.1% in the third quarter. Mackenzie Financial Corp now owns 6,810 shares of the business services provider’s stock worth $335,000 after buying an additional 3,150 shares in the last quarter. 90.16% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Korn Ferry from a “buy” rating to a “hold” rating in a research report on Wednesday, February 6th. ValuEngine downgraded shares of Korn Ferry from a “hold” rating to a “sell” rating in a research report on Friday, March 29th. Finally, William Blair restated an “outperform” rating on shares of Korn Ferry in a research report on Friday, March 8th. Three research analysts have rated the stock with a sell rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $58.25.
Korn Ferry stock traded down $0.36 during midday trading on Wednesday, reaching $45.67. 109,500 shares of the company traded hands, compared to its average volume of 284,191. The company has a market cap of $2.60 billion, a price-to-earnings ratio of 16.79 and a beta of 1.29. Korn Ferry has a 12 month low of $37.38 and a 12 month high of $68.98. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.18.
Korn Ferry (NYSE:KFY) last issued its quarterly earnings data on Thursday, March 7th. The business services provider reported $0.81 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.81. Korn Ferry had a net margin of 4.77% and a return on equity of 15.42%. The company had revenue of $474.50 million for the quarter, compared to the consensus estimate of $481.98 million. During the same quarter in the prior year, the firm earned $0.70 earnings per share. Sell-side analysts expect that Korn Ferry will post 3.34 EPS for the current fiscal year.
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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.
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