Korn/Ferry International (KFY) Stock Rating Reaffirmed by Robert W. Baird
Korn/Ferry International (NYSE:KFY)‘s stock had its “hold” rating reaffirmed by research analysts at Robert W. Baird in a research report issued to clients and investors on Friday. They currently have a $37.00 price target on the business services provider’s stock. Robert W. Baird’s price objective would suggest a potential downside of 11.33% from the company’s previous close.
Several other equities research analysts also recently issued reports on the company. Zacks Investment Research raised Korn/Ferry International from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research report on Wednesday. SunTrust Banks, Inc. reissued a “buy” rating and set a $42.00 target price on shares of Korn/Ferry International in a research report on Friday, October 20th. Deutsche Bank AG lifted their target price on Korn/Ferry International from $34.00 to $40.00 and gave the stock a “hold” rating in a research report on Thursday, September 7th. Finally, BidaskClub downgraded Korn/Ferry International from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $41.80.
Shares of Korn/Ferry International (KFY) opened at $41.73 on Friday. The stock has a market capitalization of $2,330.31, a PE ratio of 18.01 and a beta of 1.34. Korn/Ferry International has a 1 year low of $21.84 and a 1 year high of $42.34. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.13 and a quick ratio of 2.13.
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. The company had revenue of $401.25 million for the quarter, compared to the consensus estimate of $392.91 million. Korn/Ferry International had a return on equity of 12.03% and a net margin of 6.69%. The firm’s revenue was up 6.8% compared to the same quarter last year. During the same period last year, the business posted $0.52 earnings per share. sell-side analysts predict that Korn/Ferry International will post 2.45 EPS for the current year.
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In related news, Director Jerry Leamon sold 8,000 shares of Korn/Ferry International stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $40.06, for a total transaction of $320,480.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Robert P. Rozek sold 12,000 shares of Korn/Ferry International stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $40.04, for a total value of $480,480.00. Following the sale, 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. Over the last three months, insiders have sold 70,000 shares of company stock worth $2,801,960. 1.01% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its stake in Korn/Ferry International by 41.1% during the second quarter. JPMorgan Chase & Co. now owns 123,475 shares of the business services provider’s stock worth $4,264,000 after purchasing an additional 35,971 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in Korn/Ferry International by 3.7% during the first quarter. Schwab Charles Investment Management Inc. now owns 322,159 shares of the business services provider’s stock worth $10,145,000 after purchasing an additional 11,381 shares during the period. Legal & General Group Plc lifted its stake in Korn/Ferry International by 9.7% during the second quarter. Legal & General Group Plc now owns 111,533 shares of the business services provider’s stock worth $3,852,000 after purchasing an additional 9,854 shares during the period. Legato Capital Management LLC bought a new position in Korn/Ferry International during the second quarter worth about $546,000. Finally, Bank of New York Mellon Corp lifted its stake 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 purchasing an additional 143,828 shares during the period. Hedge funds and other institutional investors own 88.83% of the company’s stock.
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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