Korn/Ferry International (KFY) Upgraded at Zacks Investment Research
Korn/Ferry International (NYSE:KFY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Wednesday. The brokerage presently has a $45.00 price target on the business services provider’s stock. Zacks Investment Research‘s target price suggests a potential upside of 13.26% from the company’s previous close.
According to Zacks, “Korn/Ferry International is the world’s leading and largest executive recruitment firm with the broadest global presence in the executive recruitment industry. KFY provides executive recruitment services exclusively on a retained basis and serve the global recruitment needs of our clients from middle to executive management. KFY’s clients are many of the world’s largest and most prestigious public and private companies, middle-market and emerging growth companies as well as governmental and not-for-profit organizations. “
A number of other brokerages also recently commented on KFY. BidaskClub upgraded Korn/Ferry International from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 23rd. SunTrust Banks, Inc. boosted their target price on Korn/Ferry International from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Thursday, September 7th. Finally, Deutsche Bank AG boosted their target price on Korn/Ferry International from $34.00 to $40.00 and gave the company a “hold” rating in a research note on Thursday, September 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $42.50.
Korn/Ferry International (NYSE KFY) traded down 1.05% during trading on Wednesday, hitting $39.73. The stock had a trading volume of 234,055 shares. The firm has a market cap of $2.24 billion, a price-to-earnings ratio of 20.77 and a beta of 1.41. The firm’s 50 day moving average is $36.69 and its 200 day moving average is $33.77. Korn/Ferry International has a 1-year low of $19.94 and a 1-year high of $40.64.
Korn/Ferry International (NYSE:KFY) last issued its earnings results on Wednesday, September 6th. The business services provider reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02. Korn/Ferry International had a return on equity of 12.03% and a net margin of 6.69%. The firm had revenue of $401.25 million for the quarter, compared to the consensus estimate of $392.91 million. During the same quarter in the previous year, the company posted $0.52 earnings per share. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. On average, analysts anticipate that Korn/Ferry International will post $2.45 earnings per share for the current year.
In other Korn/Ferry International news, CFO Robert P. Rozek sold 12,000 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $40.04, for a total value of $480,480.00. Following the completion of the sale, the chief financial officer now owns 93,522 shares of the company’s stock, valued at $3,744,620.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Gary D. Burnison sold 50,000 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $40.02, for a total value of $2,001,000.00. Following the completion of the sale, the chief executive officer now directly owns 198,700 shares of the company’s stock, valued at approximately $7,951,974. The disclosure for this sale can be found here. Insiders sold 70,000 shares of company stock valued at $2,801,960 in the last ninety days. Insiders own 1.01% of the company’s stock.
Large investors have recently made changes to their positions in the business. Bank of Montreal Can lifted its position in shares of Korn/Ferry International by 1.7% in the second quarter. Bank of Montreal Can now owns 3,166 shares of the business services provider’s stock worth $110,000 after buying an additional 52 shares during the last quarter. Riverhead Capital Management LLC lifted its position in shares of Korn/Ferry International by 80.5% in the second quarter. Riverhead Capital Management LLC now owns 3,430 shares of the business services provider’s stock worth $118,000 after buying an additional 1,530 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Korn/Ferry International by 26.7% in the second quarter. SG Americas Securities LLC now owns 4,161 shares of the business services provider’s stock worth $144,000 after buying an additional 878 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new stake in shares of Korn/Ferry International in the first quarter worth about $156,000. Finally, Hanseatic Management Services Inc. lifted its position in shares of Korn/Ferry International by 1.1% in the second quarter. Hanseatic Management Services Inc. now owns 7,129 shares of the business services provider’s stock worth $246,000 after buying an additional 81 shares during the last quarter. 88.92% of the stock is 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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