Korn/Ferry International (KFY) Downgraded by ValuEngine to “Buy”

Korn/Ferry International (NYSE:KFY) was downgraded by equities research analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a note issued to investors on Friday.

KFY has been the subject of a number of other reports. Zacks Investment Research upgraded shares of Korn/Ferry International from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a report on Wednesday, November 8th. Deutsche Bank lifted their price objective on shares of Korn/Ferry International from $34.00 to $40.00 and gave the company a “hold” rating in a report on Thursday, September 7th. Robert W. Baird reiterated a “hold” rating and set a $37.00 price objective on shares of Korn/Ferry International in a report on Friday, November 10th. SunTrust Banks reiterated a “buy” rating and set a $42.00 price objective on shares of Korn/Ferry International in a report on Friday, October 20th. Finally, BidaskClub cut shares of Korn/Ferry International from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $41.80.

Shares of Korn/Ferry International (NYSE KFY) opened at $42.19 on Friday. Korn/Ferry International has a 52 week low of $25.25 and a 52 week high of $44.08. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.20. The firm has a market cap of $2,383.40, a price-to-earnings ratio of 18.42 and a beta of 1.35.

Korn/Ferry International (NYSE:KFY) last posted its quarterly earnings results on Wednesday, September 6th. The business services provider reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.02. The firm had revenue of $401.25 million during the quarter, compared to the consensus estimate of $392.91 million. Korn/Ferry International had a net margin of 6.69% and a return on equity of 12.03%. The business’s revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.52 earnings per share. equities research analysts predict that Korn/Ferry International will post 2.45 EPS for the current year.

In related news, CEO Gary D. Burnison sold 50,000 shares of the company’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 transaction of $2,001,000.00. Following the sale, the chief executive officer now owns 198,700 shares of the company’s stock, valued at approximately $7,951,974. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jerry Leamon sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 3rd. The stock was 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. In the last ninety days, insiders sold 70,000 shares of company stock worth $2,801,960. Insiders own 1.01% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can grew its stake in Korn/Ferry International by 1.7% in the 2nd 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 in the last quarter. Riverhead Capital Management LLC boosted its stake in shares of Korn/Ferry International by 80.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,430 shares of the business services provider’s stock valued at $118,000 after purchasing an additional 1,530 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Korn/Ferry International by 26.7% in the 2nd quarter. SG Americas Securities LLC now owns 4,161 shares of the business services provider’s stock valued at $144,000 after purchasing an additional 878 shares in the last quarter. OLD National Bancorp IN purchased a new stake in shares of Korn/Ferry International in the 3rd quarter valued at $208,000. Finally, First Quadrant L P CA purchased a new stake in shares of Korn/Ferry International in the 3rd quarter valued at $212,000. 86.11% of the stock is currently owned by institutional investors and hedge funds.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Korn/Ferry International (NYSE:KFY)

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