UBS Group AG Buys 27,235 Shares of Korn Ferry (NYSE:KFY)

UBS Group AG increased its holdings in shares of Korn Ferry (NYSE:KFY – Get Rating) by 25.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 133,346 shares of the business services provider’s stock after acquiring an additional 27,235 shares during the period. UBS Group AG owned approximately 0.25% of Korn Ferry worth $6,750,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Citigroup Inc. lifted its stake in shares of Korn Ferry by 4.4% in the first quarter. Citigroup Inc. now owns 51,547 shares of the business services provider’s stock worth $3,347,000 after buying an additional 2,163 shares in the last quarter. Bank of Montreal Can increased its holdings in Korn Ferry by 1.5% during the first quarter. Bank of Montreal Can now owns 16,129 shares of the business services provider’s stock valued at $1,073,000 after buying an additional 239 shares during the last quarter. MetLife Investment Management LLC increased its stake in shares of Korn Ferry by 55.4% in the first quarter. MetLife Investment Management LLC now owns 28,741 shares of the business services provider’s stock worth $1,866,000 after purchasing an additional 10,248 shares in the last quarter. Rhumbline Advisers increased its stake in shares of Korn Ferry by 1.4% in the first quarter. Rhumbline Advisers now owns 151,154 shares of the business services provider’s stock worth $9,816,000 after purchasing an additional 2,031 shares in the last quarter. Finally, BlackRock Inc. boosted its position in shares of Korn Ferry by 0.3% during the first quarter. BlackRock Inc. now owns 8,381,765 shares of the business services provider’s stock worth $544,312,000 after acquiring an additional 28,155 shares during the last quarter. Institutional investors own 91.61% of the company’s stock.

Analysts Set New Price Targets

KFY has been the subject of a number of research reports. StockNews.com initiated coverage on shares of Korn Ferry in a research report on Thursday, May 18th. They set a “buy” rating for the company. The Goldman Sachs Group lowered their price objective on shares of Korn Ferry from $72.00 to $64.00 and set a “buy” rating for the company in a research report on Tuesday, April 11th. Finally, Robert W. Baird lowered their price objective on shares of Korn Ferry from $61.00 to $59.00 and set an “outperform” rating for the company in a research report on Thursday, March 16th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Korn Ferry presently has an average rating of “Moderate Buy” and a consensus target price of $62.67.

Korn Ferry Trading Down 1.4 %

NYSE KFY opened at $47.78 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.88 and a current ratio of 1.88. The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of 10.08 and a beta of 1.50. The company’s 50-day simple moving average is $49.15 and its two-hundred day simple moving average is $52.46. Korn Ferry has a one year low of $44.69 and a one year high of $66.65.

Korn Ferry (NYSE:KFY – Get Rating) last posted its earnings results on Wednesday, March 8th. The business services provider reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.12. The business had revenue of $686.80 million for the quarter, compared to the consensus estimate of $669.56 million. Korn Ferry had a net margin of 8.89% and a return on equity of 19.22%. The company’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter last year, the firm posted $1.59 EPS. Equities analysts forecast that Korn Ferry will post 4.95 EPS for the current fiscal year.

Korn Ferry Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 14th. Stockholders of record on Tuesday, March 28th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend was Monday, March 27th. Korn Ferry’s dividend payout ratio is currently 12.66%.

About Korn Ferry

(Get Rating)

Korn Ferry operates as a global organizational consulting firm, which engages in synchronizing its clients strategy, operations and talent to drive superior business performance. It operates through the following segments: Consulting, Digital, Executive Search North America, Executive Search EMEA, Executive Search Asia Pacific, Executive Search Latin America, and RPO & Professional Search.