Korn Ferry (KFY) Holdings Trimmed by Baskin Financial Services Inc.

Baskin Financial Services Inc. trimmed its holdings in Korn Ferry (NYSE:KFY) by 2.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 135,681 shares of the business services provider’s stock after selling 3,115 shares during the quarter. Baskin Financial Services Inc. owned approximately 0.24% of Korn Ferry worth $6,076,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of KFY. Janus Henderson Group PLC purchased a new stake in shares of Korn Ferry during the 3rd quarter worth approximately $463,000. Bank of New York Mellon Corp raised its holdings in shares of Korn Ferry by 3.3% during the 3rd 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 acquiring an additional 47,219 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Korn Ferry by 44.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 4,953 shares of the business services provider’s stock worth $244,000 after acquiring an additional 1,517 shares in the last quarter. Credit Suisse AG raised its holdings in shares of Korn Ferry by 76.9% during the 3rd quarter. Credit Suisse AG now owns 90,114 shares of the business services provider’s stock worth $4,437,000 after acquiring an additional 39,177 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Korn Ferry during the 3rd quarter worth approximately $229,000. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have recently issued reports on KFY. Zacks Investment Research cut Korn Ferry from a “buy” rating to a “hold” rating in a report on Wednesday, February 6th. ValuEngine cut Korn Ferry from a “hold” rating to a “sell” rating in a report on Friday, March 29th. Finally, William Blair reaffirmed an “outperform” rating on shares of Korn Ferry in a report on Friday, March 8th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $58.25.

NYSE:KFY traded down $0.18 during midday trading on Monday, hitting $47.44. 131,273 shares of the company traded hands, compared to its average volume of 305,740. Korn Ferry has a 12-month low of $37.38 and a 12-month high of $68.98. The firm has a market capitalization of $2.68 billion, a PE ratio of 17.44 and a beta of 1.29. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.09 and a current ratio of 2.09.

Korn Ferry (NYSE:KFY) last released its quarterly earnings results on Thursday, March 7th. The business services provider reported $0.81 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.81. Korn Ferry had a return on equity of 15.42% and a net margin of 4.77%. The company had revenue of $474.50 million for the quarter, compared to analyst estimates of $481.98 million. During the same quarter in the prior year, the firm posted $0.70 EPS. Equities analysts forecast that Korn Ferry will post 3.34 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Tuesday, March 26th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, March 25th. This represents a $0.40 annualized dividend and a yield of 0.84%. Korn Ferry’s payout ratio is presently 14.71%.

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Korn Ferry Company Profile

Korn/Ferry International engages in the provision of global organizational consulting firm. It operates through the following segments: Executive Search, Hay Group, Futurestep, and Corporate. The Executive Search segment helps clients attract and hire leaders who fit in with their organization, and make it stand out.

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

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