ValuEngine lowered shares of Korn Ferry (NYSE:KFY) from a sell rating to a strong sell rating in a report issued on Monday, ValuEngine reports.

Several other research firms have also recently issued reports on KFY. SunTrust Banks decreased their price target on shares of Carnival to $65.00 and set a buy rating on the stock in a research note on Friday, June 21st. Zacks Investment Research raised shares of FirstService from a strong sell rating to a hold rating and set a $110.00 price target on the stock in a research note on Tuesday, June 25th. Three analysts have rated the stock with a sell rating and two have given a buy rating to the company. The company has an average rating of Hold and an average target price of $49.33.

Korn Ferry stock opened at $38.62 on Monday. Korn Ferry has a 12-month low of $37.08 and a 12-month high of $68.98. The firm has a market cap of $2.18 billion, a PE ratio of 11.67 and a beta of 1.17. The business’s 50-day moving average price is $42.78. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.06 and a quick ratio of 2.06.

Korn Ferry (NYSE:KFY) last released its quarterly earnings results on Thursday, June 20th. The business services provider reported $0.88 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.88. Korn Ferry had a net margin of 5.20% and a return on equity of 15.68%. The company had revenue of $490.76 million for the quarter, compared to analysts’ expectations of $496.76 million. During the same period last year, the company earned $0.80 EPS. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. On average, equities research analysts predict that Korn Ferry will post 3.49 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Tuesday, July 2nd will be given a $0.10 dividend. The ex-dividend date is Monday, July 1st. This represents a $0.40 annualized dividend and a dividend yield of 1.04%. Korn Ferry’s dividend payout ratio is presently 12.08%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in KFY. Norges Bank acquired a new stake in shares of Korn Ferry in the fourth quarter worth approximately $28,769,000. Marshall Wace LLP boosted its position in shares of Korn Ferry by 2,163.3% in the first quarter. Marshall Wace LLP now owns 366,273 shares of the business services provider’s stock worth $16,401,000 after acquiring an additional 350,090 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Korn Ferry by 145.9% in the fourth quarter. American Century Companies Inc. now owns 364,778 shares of the business services provider’s stock worth $14,423,000 after acquiring an additional 216,419 shares during the last quarter. OppenheimerFunds Inc. boosted its position in shares of Korn Ferry by 5.2% in the first quarter. OppenheimerFunds Inc. now owns 1,872,885 shares of the business services provider’s stock worth $83,868,000 after acquiring an additional 92,710 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its position in shares of Korn Ferry by 1,434.4% in the fourth quarter. Hsbc Holdings PLC now owns 95,439 shares of the business services provider’s stock worth $3,772,000 after acquiring an additional 89,219 shares during the last quarter. 90.21% of the stock is currently owned by institutional investors and hedge funds.

About Korn Ferry

Korn Ferry, 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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