Korn/Ferry International (KFY) Position Cut by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P trimmed its holdings in Korn/Ferry International (NYSE:KFY) by 8.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 352,916 shares of the business services provider’s stock after selling 34,190 shares during the quarter. Loomis Sayles & Co. L P owned about 0.62% of Korn/Ferry International worth $17,378,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of KFY. USA Financial Portformulas Corp bought a new position in Korn/Ferry International during the 3rd quarter valued at $106,000. Advisors Preferred LLC boosted its stake in Korn/Ferry International by 102.6% during the 2nd quarter. Advisors Preferred LLC now owns 1,732 shares of the business services provider’s stock valued at $107,000 after purchasing an additional 877 shares in the last quarter. Flagship Harbor Advisors LLC bought a new position in Korn/Ferry International during the 2nd quarter valued at $142,000. BlueMountain Capital Management LLC bought a new position in Korn/Ferry International during the 2nd quarter valued at $157,000. Finally, First Quadrant L P CA bought a new position in Korn/Ferry International during the 3rd quarter valued at $174,000. 90.03% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have issued reports on KFY shares. Zacks Investment Research lowered Korn/Ferry International from a “buy” rating to a “hold” rating in a research note on Thursday, November 8th. Credit Suisse Group started coverage on Korn/Ferry International in a research note on Friday, August 10th. They set an “underperform” rating and a $55.00 price target for the company. TheStreet lowered Korn/Ferry International from an “a-” rating to a “c+” rating in a research note on Friday, September 7th. ValuEngine downgraded Korn/Ferry International from a “hold” rating to a “sell” rating in a research report on Friday. Finally, SunTrust Banks cut their price objective on Korn/Ferry International to $63.00 and set a “buy” rating for the company in a research report on Friday. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $58.25.

Shares of NYSE:KFY opened at $43.65 on Friday. Korn/Ferry International has a one year low of $38.53 and a one year high of $68.98. The firm has a market cap of $2.53 billion, a PE ratio of 14.22 and a beta of 1.18. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.14 and a quick ratio of 2.14.

Korn/Ferry International (NYSE:KFY) last announced its quarterly earnings data on Thursday, December 6th. The business services provider reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.05. Korn/Ferry International had a return on equity of 14.97% and a net margin of 3.92%. The company had revenue of $495.20 million during the quarter, compared to the consensus estimate of $485.94 million. During the same quarter in the prior year, the firm earned $0.67 EPS. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. On average, equities research analysts expect that Korn/Ferry International will post 3.33 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Thursday, December 20th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, December 19th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.92%. Korn/Ferry International’s dividend payout ratio (DPR) is presently 14.71%.

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Korn/Ferry International Company Profile

Korn/Ferry International, 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 International (NYSE:KFY)

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