Korn/Ferry International (KFY) Receives Average Rating of “Hold” from Analysts
Shares of Korn/Ferry International (NYSE:KFY) have been given an average rating of “Hold” by the seven brokerages that are presently covering the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $29.50.
Several research firms have recently commented on KFY. Robert W. Baird lowered Korn/Ferry International from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $35.00 to $27.00 in a research report on Thursday, June 16th. Deutsche Bank AG began coverage on Korn/Ferry International in a research report on Wednesday, August 17th. They issued a “hold” rating and a $27.00 price target for the company. Zacks Investment Research raised Korn/Ferry International from a “sell” rating to a “hold” rating in a research report on Tuesday, August 16th. TheStreet lowered Korn/Ferry International from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th. Finally, Piper Jaffray Cos. reissued a “neutral” rating and issued a $25.00 price target (down from $31.00) on shares of Korn/Ferry International in a research report on Thursday, July 7th.
Shares of Korn/Ferry International (NYSE:KFY) traded up 0.43% on Wednesday, reaching $20.86. The company’s stock had a trading volume of 177,899 shares. Korn/Ferry International has a 12-month low of $18.57 and a 12-month high of $38.93. The stock has a market cap of $1.21 billion, a PE ratio of 103.27 and a beta of 1.56. The firm has a 50 day moving average price of $22.39 and a 200-day moving average price of $24.98.
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Korn/Ferry International (NYSE:KFY) last released its quarterly earnings results on Thursday, September 8th. The company reported $0.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by $0.01. The company earned $392.90 million during the quarter. Korn/Ferry International had a return on equity of 11.83% and a net margin of 0.76%. The company’s quarterly revenue was up 40.7% on a year-over-year basis. During the same period last year, the firm posted $0.47 earnings per share. Equities research analysts expect that Korn/Ferry International will post $2.24 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Monday, September 26th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.93%. The ex-dividend date is Thursday, September 22nd. Korn/Ferry International’s dividend payout ratio is currently 190.49%.
A number of hedge funds and other institutional investors have recently made changes to their positions in KFY. State Street Corp raised its position in shares of Korn/Ferry International by 4.0% in the first quarter. State Street Corp now owns 1,019,442 shares of the company’s stock valued at $28,840,000 after buying an additional 39,350 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its position in shares of Korn/Ferry International by 6.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,347,387 shares of the company’s stock worth $38,118,000 after buying an additional 83,232 shares in the last quarter. BlackRock Group LTD raised its position in shares of Korn/Ferry International by 6.3% in the first quarter. BlackRock Group LTD now owns 66,363 shares of the company’s stock worth $1,878,000 after buying an additional 3,905 shares in the last quarter. HBK Investments L P raised its position in shares of Korn/Ferry International by 59.0% in the first quarter. HBK Investments L P now owns 22,900 shares of the company’s stock worth $648,000 after buying an additional 8,500 shares in the last quarter. Finally, Royce & Associates LP raised its position in shares of Korn/Ferry International by 63.1% in the second quarter. Royce & Associates LP now owns 1,491,418 shares of the company’s stock worth $30,872,000 after buying an additional 576,924 shares in the last quarter. 84.58% of the stock is currently owned by institutional investors.
Korn/Ferry International Company Profile
Korn/Ferry International (Korn Ferry) is a people and organizational advisory company. The Company and its subsidiaries are engaged in the provision of talent management solutions, including executive search on a retained basis, recruitment for non-executive professionals, recruitment process outsourcing, and leadership and talent consulting services.
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