SunTrust Banks, Inc. Raises Korn/Ferry International (KFY) Price Target to $42.00
Korn/Ferry International (NYSE:KFY) had its price objective increased by equities research analysts at SunTrust Banks, Inc. from $40.00 to $42.00 in a research report issued to clients and investors on Thursday. The brokerage currently has a “buy” rating on the business services provider’s stock. SunTrust Banks, Inc.’s target price points to a potential upside of 26.51% from the company’s current price.
Several other research firms have also issued reports on KFY. BidaskClub upgraded shares of Korn/Ferry International from a “buy” rating to a “strong-buy” rating in a report on Friday, June 23rd. Zacks Investment Research lowered shares of Korn/Ferry International from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. Sidoti began coverage on shares of Korn/Ferry International in a report on Monday, June 12th. They issued a “buy” rating and a $43.00 target price for the company. Finally, Deutsche Bank AG raised their target price on shares of Korn/Ferry International from $34.00 to $40.00 and gave the stock a “hold” rating in a report on Thursday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. Korn/Ferry International currently has an average rating of “Hold” and a consensus target price of $36.60.
Korn/Ferry International (KFY) traded up 7.876% during trading on Thursday, hitting $35.815. The company had a trading volume of 392,026 shares. Korn/Ferry International has a one year low of $19.94 and a one year high of $36.07. The company has a market capitalization of $2.04 billion, a price-to-earnings ratio of 24.430 and a beta of 1.39. The stock has a 50-day moving average of $33.07 and a 200 day moving average of $32.52.
Korn/Ferry International (NYSE:KFY) last released its earnings results on Wednesday, September 6th. The business services provider reported $0.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.02. The firm had revenue of $401.25 million during the quarter, compared to analyst estimates of $392.91 million. Korn/Ferry International had a net margin of 5.19% and a return on equity of 12.14%. The business’s revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the business earned $0.52 EPS. Equities analysts forecast that Korn/Ferry International will post $2.44 EPS for the current fiscal year.
In other Korn/Ferry International news, CEO Byrne K. Mulrooney sold 16,000 shares of the firm’s stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $34.61, for a total transaction of $553,760.00. Following the transaction, the chief executive officer now owns 104,712 shares of the company’s stock, valued at approximately $3,624,082.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gary D. Burnison sold 40,000 shares of the firm’s stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $34.73, for a total transaction of $1,389,200.00. Following the transaction, the chief executive officer now directly owns 251,485 shares in the company, valued at approximately $8,734,074.05. The disclosure for this sale can be found here. Insiders have sold a total of 183,837 shares of company stock worth $6,336,501 in the last three months. Insiders own 1.01% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Piedmont Investment Advisors LLC purchased a new position in Korn/Ferry International during the 2nd quarter valued at about $429,000. Arrowstreet Capital Limited Partnership purchased a new position in Korn/Ferry International during the 2nd quarter valued at about $466,000. Cubist Systematic Strategies LLC purchased a new position in Korn/Ferry International during the 2nd quarter valued at about $1,040,000. Sciencast Management LP purchased a new position in Korn/Ferry International during the 2nd quarter valued at about $411,000. Finally, BlueCrest Capital Management Ltd purchased a new position in Korn/Ferry International during the 2nd quarter valued at about $482,000. 86.92% of the stock is currently owned by institutional investors and hedge funds.
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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