Korn/Ferry International (KFY) : Baskin Financial Services scooped up 17,240 additional shares in Korn/Ferry International during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 108,677 shares of Korn/Ferry International which is valued at $2,471,315.Korn/Ferry International makes up approximately 0.67% of Baskin Financial Services’s portfolio.
Other Hedge Funds, Including , Dupont Capital Management Corp reduced its stake in KFY by selling 14,020 shares or 24.92% in the most recent quarter. The Hedge Fund company now holds 42,250 shares of KFY which is valued at $960,765. Korn/Ferry International makes up approx 0.02% of Dupont Capital Management Corp’s portfolio.Essex Investment Management Co reduced its stake in KFY by selling 484 shares or 1.06% in the most recent quarter. The Hedge Fund company now holds 45,089 shares of KFY which is valued at $1,051,926. Korn/Ferry International makes up approx 0.17% of Essex Investment Management Co’s portfolio. Financial Architects Inc added KFY to its portfolio by purchasing 200 company shares during the most recent quarter which is valued at $4,666.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 closed down -0.24 points or -1.02% at $23.34 with 4,44,741 shares getting traded on Monday. Post opening the session at $23.54, the shares hit an intraday low of $23.25 and an intraday high of $23.89 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.