Korn/Ferry International (NYSE:KFY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

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. “

KFY has been the topic of several other reports. BidaskClub lowered shares of Korn/Ferry International from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. SunTrust Banks, Inc. increased their price objective on shares of Korn/Ferry International from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Thursday, September 7th. Finally, Deutsche Bank AG increased their price objective on shares of Korn/Ferry International from $34.00 to $40.00 and gave the stock a “hold” rating in a report on Thursday, September 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. Korn/Ferry International has an average rating of “Hold” and a consensus price target of $42.50.

Korn/Ferry International (KFY) traded down 0.25% during midday trading on Thursday, hitting $39.63. The firm has a 50 day moving average of $36.90 and a 200 day moving average of $33.82. The firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of 20.72 and a beta of 1.41. 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 announced its quarterly earnings data on Wednesday, September 6th. The business services provider reported $0.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.02. The business had revenue of $401.25 million for the quarter, compared to analyst estimates of $392.91 million. Korn/Ferry International had a net margin of 6.69% and a return on equity of 12.03%. The company’s revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.52 EPS. On average, equities analysts anticipate that Korn/Ferry International will post $2.45 earnings per share for the current year.

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In related news, CEO Gary D. Burnison sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $40.02, for a total value of $2,001,000.00. Following the transaction, the chief executive officer now owns 198,700 shares in the company, valued at $7,951,974. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jerry Leamon sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $40.06, for a total transaction of $320,480.00. The disclosure for this sale can be found here. Insiders sold 70,000 shares of company stock worth $2,801,960 in the last 90 days. 1.01% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of KFY. BlackRock Inc. raised its holdings in Korn/Ferry International by 81,030.6% in the first quarter. BlackRock Inc. now owns 6,954,519 shares of the business services provider’s stock valued at $218,997,000 after buying an additional 6,945,947 shares during the period. Dimensional Fund Advisors LP raised its holdings in Korn/Ferry International by 27.5% in the first quarter. Dimensional Fund Advisors LP now owns 4,234,255 shares of the business services provider’s stock valued at $133,336,000 after buying an additional 913,207 shares during the period. SG Capital Management LLC purchased a new position in Korn/Ferry International in the second quarter valued at approximately $13,492,000. Vanguard Group Inc. raised its holdings in Korn/Ferry International by 5.7% in the first quarter. Vanguard Group Inc. now owns 4,807,533 shares of the business services provider’s stock valued at $151,389,000 after buying an additional 260,391 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in Korn/Ferry International by 9.2% in the second quarter. Bank of New York Mellon Corp now owns 1,713,949 shares of the business services provider’s stock valued at $59,184,000 after buying an additional 143,828 shares during the period. Hedge funds and other institutional investors own 88.92% of the company’s stock.

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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