Korn/Ferry International (KFY) Given Consensus Recommendation of “Buy” by Brokerages
Korn/Ferry International (NYSE:KFY) has earned an average rating of “Buy” from the eight research firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $42.50.
A number of research firms have recently issued reports on KFY. Zacks Investment Research upgraded Korn/Ferry International from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a report on Wednesday. SunTrust Banks, Inc. increased their target price on Korn/Ferry International from $40.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, September 7th. Deutsche Bank AG increased their target price on Korn/Ferry International from $34.00 to $40.00 and gave the company a “hold” rating in a report on Thursday, September 7th. Finally, BidaskClub lowered Korn/Ferry International from a “hold” rating to a “sell” rating in a report on Saturday, August 12th.
In related news, Director Jerry Leamon sold 8,000 shares of the stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $40.06, for a total transaction of $320,480.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gary D. Burnison sold 50,000 shares of the stock in a transaction on 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 sale, the chief executive officer now owns 198,700 shares of the company’s stock, valued at $7,951,974. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 70,000 shares of company stock valued at $2,801,960. 1.01% of the stock is owned by corporate insiders.
Several large investors have recently made changes to their positions in KFY. Bank of Montreal Can raised its holdings in shares of Korn/Ferry International by 1.7% during the second quarter. Bank of Montreal Can now owns 3,166 shares of the business services provider’s stock worth $110,000 after acquiring an additional 52 shares in the last quarter. Riverhead Capital Management LLC raised its holdings in shares of Korn/Ferry International by 80.5% during the second quarter. Riverhead Capital Management LLC now owns 3,430 shares of the business services provider’s stock worth $118,000 after acquiring an additional 1,530 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Korn/Ferry International by 26.7% during the second quarter. SG Americas Securities LLC now owns 4,161 shares of the business services provider’s stock worth $144,000 after acquiring an additional 878 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new stake in shares of Korn/Ferry International during the first quarter worth $156,000. Finally, Highbridge Capital Management LLC purchased a new stake in shares of Korn/Ferry International during the first quarter worth $246,000. Institutional investors and hedge funds own 88.92% of the company’s stock.
Shares of Korn/Ferry International (KFY) traded down 0.25% during midday trading on Thursday, hitting $39.63. The stock had a trading volume of 179,483 shares. Korn/Ferry International has a 12-month low of $19.94 and a 12-month high of $40.64. The firm has a market cap of $2.24 billion, a price-to-earnings ratio of 20.72 and a beta of 1.41. The company’s 50-day moving average price is $36.69 and its 200-day moving average price is $33.77.
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, beating the Zacks’ consensus estimate of $0.53 by $0.02. The company had revenue of $401.25 million during the quarter, compared to analyst estimates of $392.91 million. Korn/Ferry International had a return on equity of 12.03% and a net margin of 6.69%. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.52 earnings per share. Equities research analysts forecast that Korn/Ferry International will post $2.45 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Wednesday, September 27th will be issued a dividend of $0.10 per share. The ex-dividend date is Tuesday, September 26th. This represents a $0.40 annualized dividend and a dividend yield of 1.01%. Korn/Ferry International’s dividend payout ratio is 20.83%.
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About Korn/Ferry International
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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