Korn/Ferry International (NYSE:KFY) Downgraded by BidaskClub to Sell
Korn/Ferry International (NYSE:KFY) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.
Several other equities research analysts have also recently issued reports on KFY. Sidoti began coverage on Korn/Ferry International in a research note on Monday, June 12th. They set a “buy” rating and a $43.00 target price for the company. Zacks Investment Research cut Korn/Ferry International from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $32.00.
Shares of Korn/Ferry International (NYSE:KFY) opened at 32.35 on Friday. The firm has a 50 day moving average price of $33.95 and a 200 day moving average price of $32.03. The stock has a market capitalization of $1.84 billion, a PE ratio of 22.07 and a beta of 1.40. Korn/Ferry International has a one year low of $19.94 and a one year high of $36.07.
Korn/Ferry International (NYSE:KFY) last posted its earnings results on Tuesday, June 20th. The business services provider reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.03. The company had revenue of $419.60 million during the quarter, compared to analysts’ expectations of $405.33 million. Korn/Ferry International had a return on equity of 12.14% and a net margin of 5.19%. The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.58 earnings per share. Analysts predict that Korn/Ferry International will post $2.44 earnings per share for the current fiscal year.
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In other news, CEO Gary D. Burnison sold 58,837 shares of Korn/Ferry International stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $34.41, for a total value of $2,024,581.17. Following the completion of the sale, the chief executive officer now directly owns 251,485 shares of the company’s stock, valued at $8,653,598.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Robert P. Rozek sold 5,000 shares of Korn/Ferry International stock in a transaction on Friday, June 30th. The shares were sold at an average price of $34.61, for a total value of $173,050.00. Following the completion of the sale, the chief financial officer now directly owns 101,282 shares of the company’s stock, valued at $3,505,370.02. The disclosure for this sale can be found here. Insiders sold 183,837 shares of company stock valued at $6,336,501 over the last ninety days. Insiders own 1.19% of the company’s stock.
Large investors have recently modified their holdings of the stock. Bank of Montreal Can boosted its stake in shares of Korn/Ferry International by 1.7% in the second 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 during the last quarter. Riverhead Capital Management LLC boosted its stake in shares of Korn/Ferry International by 80.5% in the second quarter. Riverhead Capital Management LLC now owns 3,430 shares of the business services provider’s stock worth $118,000 after buying an additional 1,530 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Korn/Ferry International by 26.7% in the second quarter. SG Americas Securities LLC now owns 4,161 shares of the business services provider’s stock worth $144,000 after buying an additional 878 shares during 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, State of Alaska Department of Revenue boosted its stake in shares of Korn/Ferry International by 1.0% in the first quarter. State of Alaska Department of Revenue now owns 6,340 shares of the business services provider’s stock worth $199,000 after buying an additional 60 shares during the last quarter. 90.12% of the stock is owned by institutional investors and hedge funds.
Korn/Ferry International Company Profile
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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