Kornitzer Capital Management Inc. KS Sells 2,800 Shares of Korn Ferry (NYSE:KFY)

Kornitzer Capital Management Inc. KS decreased its holdings in shares of Korn Ferry (NYSE:KFY) by 2.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 126,340 shares of the business services provider’s stock after selling 2,800 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Korn Ferry were worth $4,882,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. California Public Employees Retirement System boosted its position in shares of Korn Ferry by 33.1% during the third quarter. California Public Employees Retirement System now owns 152,615 shares of the business services provider’s stock valued at $5,897,000 after buying an additional 37,982 shares during the period. State of New Jersey Common Pension Fund D bought a new stake in shares of Korn Ferry during the third quarter valued at approximately $2,546,000. Foundry Partners LLC raised its stake in shares of Korn Ferry by 11.8% during the third quarter. Foundry Partners LLC now owns 127,175 shares of the business services provider’s stock valued at $4,914,000 after acquiring an additional 13,437 shares in the last quarter. Alberta Investment Management Corp raised its stake in shares of Korn Ferry by 58.4% during the third quarter. Alberta Investment Management Corp now owns 66,237 shares of the business services provider’s stock valued at $2,559,000 after acquiring an additional 24,426 shares in the last quarter. Finally, Virginia Retirement Systems ET AL raised its stake in shares of Korn Ferry by 7.1% during the third quarter. Virginia Retirement Systems ET AL now owns 47,000 shares of the business services provider’s stock valued at $1,816,000 after acquiring an additional 3,100 shares in the last quarter. 91.03% of the stock is owned by institutional investors and hedge funds.

Several analysts have recently weighed in on KFY shares. Credit Suisse Group decreased their price target on shares of Korn Ferry from $40.00 to $37.00 and set an “underperform” rating for the company in a research note on Friday, September 6th. ValuEngine downgraded shares of Korn Ferry from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. Zacks Investment Research raised shares of Korn Ferry from a “sell” rating to a “hold” rating in a research note on Thursday. Robert W. Baird set a $42.00 price target on shares of Korn Ferry and gave the company a “hold” rating in a research note on Friday, September 6th. Finally, Sidoti decreased their price target on shares of Korn Ferry from $72.00 to $63.00 and set a “buy” rating for the company in a research note on Friday, September 6th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. Korn Ferry currently has an average rating of “Hold” and an average price target of $50.00.

Shares of Korn Ferry stock traded up $0.06 on Friday, hitting $39.05. 249,131 shares of the company traded hands, compared to its average volume of 368,220. The stock’s 50 day moving average price is $37.08 and its 200-day moving average price is $40.48. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 0.34. Korn Ferry has a 52 week low of $34.35 and a 52 week high of $49.54. The company has a market cap of $2.19 billion, a PE ratio of 11.80 and a beta of 1.08.

Korn Ferry (NYSE:KFY) last posted its quarterly earnings results on Thursday, September 5th. The business services provider reported $0.76 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by ($0.01). The company had revenue of $484.50 million for the quarter, compared to the consensus estimate of $475.35 million. Korn Ferry had a net margin of 9.25% and a return on equity of 15.26%. The business’s revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.78 EPS. As a group, research analysts anticipate that Korn Ferry will post 3.25 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 27th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend was Thursday, September 26th. Korn Ferry’s dividend payout ratio (DPR) is 12.08%.

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

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