Korn/Ferry International (KFY) : Mork Capital Management added new position in Korn/Ferry International during the most recent quarter end. The investment management firm now holds 60,000 shares of Korn/Ferry International which is valued at $1,410,000 , the company said in a statement filed on Aug 15, 2016 with the SEC.Korn/Ferry International makes up approximately 1.12% of Mork Capital Management’s portfolio.
Other Hedge Funds, Including , Freestone Capital Holdings boosted its stake in KFY in the latest quarter, The investment management firm added 51,107 additional shares and now holds a total of 591,758 shares of Korn/Ferry International which is valued at $13,906,313. Korn/Ferry International makes up approx 1.29% of Freestone Capital Holdings’s portfolio. Silver Capital Management sold out all of its stake in KFY during the most recent quarter. The investment firm sold 19,029 shares of KFY which is valued $432,719.Ghp Investment Advisors boosted its stake in KFY in the latest quarter, The investment management firm added 1,594 additional shares and now holds a total of 39,386 shares of Korn/Ferry International which is valued at $895,638. Korn/Ferry International makes up approx 0.17% of Ghp Investment Advisors’s portfolio.Msi Financial Services Inc reduced its stake in KFY by selling 164 shares or 14.08% in the most recent quarter. The Hedge Fund company now holds 1,001 shares of KFY which is valued at $23,353.
Korn/Ferry International opened for trading at $23.89 and hit $24.55 on the upside on Thursday, eventually ending the session at $24.55, with a gain of 2.98% or 0.71 points. The heightened volatility saw the trading volume jump to 5,02,172 shares. Company has a market cap of $1,407 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. Deutsche Bank Initiated Korn/Ferry International on Aug 18, 2016 to “Hold”, Price Target of the shares are set at $27.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.