Hays Advisory Lowers stake in Korn/Ferry International (KFY)

Korn/Ferry International (KFY) : Hays Advisory reduced its stake in Korn/Ferry International by 21.41% during the most recent quarter end. The investment management company now holds a total of 181,281 shares of Korn/Ferry International which is valued at $4,214,783 after selling 49,397 shares in Korn/Ferry International , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.Korn/Ferry International makes up approximately 0.64% of Hays Advisory’s portfolio.

Other Hedge Funds, Including , Nordea Investment Management Ab sold out all of its stake in KFY during the most recent quarter. The investment firm sold 38,600 shares of KFY which is valued $897,450. Fox Run Management L.l.c. added KFY to its portfolio by purchasing 16,800 company shares during the most recent quarter which is valued at $390,600. Korn/Ferry International makes up approx 0.18% of Fox Run Management L.l.c.’s portfolio.Nisa Investment Advisors reduced its stake in KFY by selling 6,400 shares or 91.43% in the most recent quarter. The Hedge Fund company now holds 600 shares of KFY which is valued at $14,130.Curbstone Financial Management Corp reduced its stake in KFY by selling 400 shares or 1.11% in the most recent quarter. The Hedge Fund company now holds 35,650 shares of KFY which is valued at $759,345. Korn/Ferry International makes up approx 0.25% of Curbstone Financial Management Corp’s portfolio.

Korn/Ferry International opened for trading at $23.25 and hit $23.34 on the upside on Wednesday, eventually ending the session at $23.25, with a gain of 0.65% or 0.15 points. The heightened volatility saw the trading volume jump to 4,41,907 shares. Company has a market cap of $1,332 M.

On the company’s financial health, Korn/Ferry International reported $0.58 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jun 15, 2016. Analyst had a consensus of $0.54. The company had revenue of $417.10 million for the quarter, compared to analysts expectations of $408.41 million. The company’s revenue was up 47.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 EPS.

Many Wall Street Analysts have commented on Korn/Ferry International. Shares were Reiterated by Piper Jaffray on Jul 7, 2016 to “Neutral” and Lowered the Price Target to $ 25 from a previous price target of $31 .Shares were Downgraded by Robert W. Baird on Jun 16, 2016 to ” Neutral” and Lowered the Price Target to $ 27 from a previous price target of $35 .

Korn/Ferry International offers leadership and talent consulting services. The Company provides executive recruitment leadership development enterprise learning succession planning and recruitment process outsourcing. Its business segments include Executive Recruitment Leadership & Talent Consulting (LTC) and Professional Search and Recruitment Process Outsourcing (Futurestep). Its executive recruitment services are used to fill executive-level positions such as board directors chief executive officers chief financial officers chief operating officers chief information officers and other senior executive officers. Its strategic management assessment and executive coaching and development services are consolidated under the LTC segment. Its subsidiary Futurestep offers talent acquisition solutions including recruitment process outsourcing project recruitment professional search talent consulting and talent communications. It operates in around 37 countries.

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