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

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. “

Several other equities analysts have also issued reports on KFY. BidaskClub lowered Korn/Ferry International from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. SunTrust Banks, Inc. reissued a “buy” rating and issued a $42.00 price target on shares of Korn/Ferry International in a research note on Friday, October 20th. Finally, Deutsche Bank AG boosted their price target 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 equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $42.50.

Korn/Ferry International (NYSE:KFY) last issued its quarterly earnings results on Wednesday, September 6th. The business services provider reported $0.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 analyst estimates of $392.91 million. During the same period in the previous year, the firm earned $0.52 earnings per share. The company’s revenue was up 6.8% compared to the same quarter last year.

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In other news, CEO Gary D. Burnison sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $40.02, for a total transaction of $2,001,000.00. Following the transaction, the chief executive officer now directly owns 198,700 shares of the company’s stock, valued at $7,951,974. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Robert P. Rozek sold 12,000 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $40.04, for a total value of $480,480.00. Following the transaction, the chief financial officer now directly owns 93,522 shares in the company, valued at $3,744,620.88. The disclosure for this sale can be found here. Insiders have sold 70,000 shares of company stock worth $2,801,960 over the last ninety days. 1.01% of the stock is owned by insiders.

Several large investors have recently modified their holdings of the company. BlackRock Inc. raised its position in shares of Korn/Ferry International by 81,030.6% during the first quarter. BlackRock Inc. now owns 6,954,519 shares of the business services provider’s stock worth $218,997,000 after purchasing an additional 6,945,947 shares during the period. Vanguard Group Inc. grew its holdings in Korn/Ferry International by 5.7% during the first quarter. Vanguard Group Inc. now owns 4,807,533 shares of the business services provider’s stock worth $151,389,000 after buying an additional 260,391 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Korn/Ferry International by 8.1% during the second quarter. Dimensional Fund Advisors LP now owns 4,575,969 shares of the business services provider’s stock worth $158,009,000 after buying an additional 341,714 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Korn/Ferry International by 0.5% during the second quarter. Wells Fargo & Company MN now owns 1,941,675 shares of the business services provider’s stock worth $67,047,000 after buying an additional 9,742 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Korn/Ferry International by 9.2% during the second quarter. Bank of New York Mellon Corp now owns 1,713,949 shares of the business services provider’s stock worth $59,184,000 after buying an additional 143,828 shares in the last quarter. 89.05% of the stock is currently owned by institutional investors.

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.

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

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