Pinebridge Investments L.P. raised its holdings in Korn/Ferry International (NYSE:KFY) by 44.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 89,775 shares of the business services provider’s stock after purchasing an additional 27,740 shares during the quarter. Pinebridge Investments L.P. owned approximately 0.16% of Korn/Ferry International worth $3,714,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of KFY. LS Investment Advisors LLC raised its position in Korn/Ferry International by 138.0% in the 4th quarter. LS Investment Advisors LLC now owns 4,658 shares of the business services provider’s stock valued at $193,000 after purchasing an additional 2,701 shares during the last quarter. OLD National Bancorp IN acquired a new stake in shares of Korn/Ferry International in the 3rd quarter valued at $208,000. CAPROCK Group Inc. acquired a new stake in shares of Korn/Ferry International in the 4th quarter valued at $208,000. First Quadrant L P CA acquired a new stake in shares of Korn/Ferry International in the 3rd quarter valued at $212,000. Finally, Shelton Capital Management acquired a new stake in shares of Korn/Ferry International in the 3rd quarter valued at $218,000. Hedge funds and other institutional investors own 88.60% of the company’s stock.
Shares of Korn/Ferry International (KFY) opened at $50.20 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.91 and a quick ratio of 1.94. Korn/Ferry International has a 52 week low of $29.84 and a 52 week high of $50.43. The company has a market capitalization of $2,802.48, a price-to-earnings ratio of 23.90 and a beta of 1.36.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Monday, March 26th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, March 23rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.80%. Korn/Ferry International’s dividend payout ratio (DPR) is presently 19.05%.
Several research firms have recently commented on KFY. Zacks Investment Research raised Korn/Ferry International from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a research note on Friday. Robert W. Baird reissued a “hold” rating and issued a $45.00 target price on shares of Korn/Ferry International in a research note on Thursday, December 7th. Finally, ValuEngine raised Korn/Ferry International from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $43.80.
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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.
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