Schwab Charles Investment Management Inc. Boosts Position in Korn/Ferry International (NYSE:KFY)

Schwab Charles Investment Management Inc. increased its stake in Korn/Ferry International (NYSE:KFY) by 3.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 322,159 shares of the business services provider’s stock after buying an additional 11,381 shares during the period. Schwab Charles Investment Management Inc. owned about 0.56% of Korn/Ferry International worth $10,145,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of KFY. Ameritas Investment Partners Inc. bought a new position in Korn/Ferry International during the first quarter valued at about $156,000. Envestnet Asset Management Inc. increased its position in Korn/Ferry International by 17.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 4,979 shares of the business services provider’s stock valued at $147,000 after buying an additional 744 shares during the last quarter. State of Alaska Department of Revenue increased its position in Korn/Ferry International by 1.0% in the first quarter. State of Alaska Department of Revenue now owns 6,340 shares of the business services provider’s stock valued at $199,000 after buying an additional 60 shares during the last quarter. Teza Capital Management LLC acquired a new stake in Korn/Ferry International during the first quarter worth $387,000. Finally, Mason Street Advisors LLC boosted its stake in Korn/Ferry International by 6.1% in the first quarter. Mason Street Advisors LLC now owns 13,427 shares of the business services provider’s stock worth $423,000 after buying an additional 774 shares during the last quarter. Institutional investors own 87.93% of the company’s stock.

Korn/Ferry International (KFY) traded down 0.69% during mid-day trading on Friday, reaching $31.89. 558,079 shares of the company were exchanged. The stock has a market capitalization of $1.82 billion, a price-to-earnings ratio of 21.75 and a beta of 1.40. Korn/Ferry International has a 12-month low of $19.94 and a 12-month high of $36.07. The company’s 50 day moving average price is $33.65 and its 200-day moving average price is $32.15.

Korn/Ferry International (NYSE:KFY) last posted its earnings results on Tuesday, June 20th. The business services provider reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.03. Korn/Ferry International had a net margin of 5.19% and a return on equity of 12.14%. The firm had revenue of $419.60 million for the quarter, compared to analyst estimates of $405.33 million. During the same period in the previous year, the firm posted $0.58 EPS. The company’s revenue for the quarter was up .6% compared to the same quarter last year. On average, equities research analysts forecast that Korn/Ferry International will post $2.44 earnings per share for the current fiscal year.

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A number of analysts recently weighed in on the stock. BidaskClub raised shares of Korn/Ferry International from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 23rd. Zacks Investment Research cut shares of Korn/Ferry International from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. Finally, Sidoti assumed coverage on shares of Korn/Ferry International in a research note on Monday, June 12th. They issued a “buy” rating and a $43.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $33.67.

In other Korn/Ferry International news, CFO Robert P. Rozek sold 11,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $34.48, for a total transaction of $379,280.00. Following the sale, the chief financial officer now directly owns 111,782 shares of the company’s stock, valued at approximately $3,854,243.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gary D. Burnison sold 58,837 shares of the business’s stock in a transaction that occurred on Wednesday, July 12th. The stock was sold at an average price of $34.41, for a total transaction of $2,024,581.17. Following the sale, the chief executive officer now directly owns 251,485 shares in the company, valued at $8,653,598.85. The disclosure for this sale can be found here. Insiders have sold a total of 183,837 shares of company stock worth $6,336,501 over the last three months. Insiders own 1.19% of the company’s stock.

Korn/Ferry International Company 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.

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

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