Shares of Korn/Ferry International (NYSE:KFY) fell 7.4% during mid-day trading on Tuesday . The company traded as low as $44.90 and last traded at $45.23. 586,397 shares were traded during trading, an increase of 24% from the average session volume of 473,116 shares. The stock had previously closed at $48.82.

KFY has been the subject of a number of research reports. ValuEngine lowered shares of Korn/Ferry International from a “buy” rating to a “hold” rating in a research report on Monday, September 10th. Credit Suisse Group initiated coverage on shares of Korn/Ferry International in a research report on Friday, August 10th. They set an “underperform” rating and a $55.00 target price for the company. Zacks Investment Research upgraded shares of Korn/Ferry International from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research report on Tuesday, September 11th. Finally, TheStreet lowered shares of Korn/Ferry International from an “a-” rating to a “c+” rating in a research report on Friday, September 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. Korn/Ferry International has an average rating of “Hold” and an average price target of $61.40.

The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $2.79 billion, a price-to-earnings ratio of 16.63 and a beta of 1.18.

Korn/Ferry International (NYSE:KFY) last issued its earnings results on Thursday, September 6th. The business services provider reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.07. Korn/Ferry International had a net margin of 3.51% and a return on equity of 14.26%. The firm had revenue of $465.60 million during the quarter, compared to analyst estimates of $458.24 million. During the same quarter last year, the business earned $0.55 earnings per share. The company’s quarterly revenue was up 16.0% on a year-over-year basis. As a group, equities analysts expect that Korn/Ferry International will post 3.3 earnings per share for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in the company. Great Lakes Advisors LLC bought a new stake in Korn/Ferry International during the third quarter valued at approximately $350,000. Vanguard Group Inc. lifted its position in Korn/Ferry International by 6.6% during the third quarter. Vanguard Group Inc. now owns 5,881,865 shares of the business services provider’s stock valued at $289,622,000 after purchasing an additional 364,435 shares during the last quarter. Morgan Stanley lifted its position in Korn/Ferry International by 127.1% during the third quarter. Morgan Stanley now owns 549,324 shares of the business services provider’s stock valued at $27,048,000 after purchasing an additional 307,443 shares during the last quarter. Legal & General Group Plc lifted its position in Korn/Ferry International by 8.3% during the third quarter. Legal & General Group Plc now owns 132,817 shares of the business services provider’s stock valued at $6,524,000 after purchasing an additional 10,205 shares during the last quarter. Finally, Csenge Advisory Group bought a new stake in Korn/Ferry International during the third quarter valued at approximately $113,000. Institutional investors own 90.03% of the company’s stock.

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Korn/Ferry International Company Profile (NYSE:KFY)

Korn/Ferry International, together with its subsidiaries, provides talent management solutions worldwide. It operates through three segments: Executive Search, Hay Group, and Futurestep. The company provides executive search services to fill executive-level positions, such as board directors, chief executive officers, chief financial officers, chief operating officers, chief information officers, chief human resource officers, and other senior executive officers for clients in the consumer, financial services, industrial, life sciences/healthcare provider, technology, and educational/not-for-profit market sectors.

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