Korn/Ferry International (KFY) Receives $41.67 Consensus Target Price from Brokerages

Shares of Korn/Ferry International (NYSE:KFY) have been given an average recommendation of “Hold” by the eight ratings firms that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $41.67.

A number of analysts have issued reports on the stock. BidaskClub upgraded shares of Korn/Ferry International from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 23rd. Zacks Investment Research cut shares of Korn/Ferry International from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. Sidoti assumed coverage on shares of Korn/Ferry International in a research note on Monday, June 12th. They issued a “buy” rating and a $43.00 target price for the company. SunTrust Banks, Inc. lifted their target price on shares of Korn/Ferry International from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Thursday, September 7th. Finally, Deutsche Bank AG lifted their target price on shares of Korn/Ferry International from $34.00 to $40.00 and gave the company a “hold” rating in a research note on Thursday, September 7th.

In other news, CEO Gary D. Burnison sold 58,837 shares of the business’s stock in a transaction on Wednesday, July 12th. The shares were 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 in the company, valued at $8,653,598.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Robert P. Rozek sold 5,000 shares of the business’s stock in a transaction on Friday, June 30th. The stock was sold at an average price of $34.61, for a total transaction of $173,050.00. Following the completion of the sale, the chief financial officer now 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 90 days. 1.01% of the stock is owned by corporate insiders.

Several institutional investors have recently modified their holdings of the company. Bank of Montreal Can lifted 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. Hanseatic Management Services Inc. lifted its stake in shares of Korn/Ferry International by 1.1% in the second quarter. Hanseatic Management Services Inc. now owns 7,129 shares of the business services provider’s stock worth $246,000 after buying an additional 81 shares during the last quarter. Texas Permanent School Fund lifted its stake in shares of Korn/Ferry International by 0.8% in the second quarter. Texas Permanent School Fund now owns 41,924 shares of the business services provider’s stock worth $1,448,000 after buying an additional 350 shares during the last quarter. Baskin Financial Services Inc. lifted its stake in shares of Korn/Ferry International by 0.5% in the second quarter. Baskin Financial Services Inc. now owns 119,817 shares of the business services provider’s stock worth $4,137,000 after buying an additional 620 shares during the last quarter. Finally, Mason Street Advisors LLC lifted its stake in shares of Korn/Ferry International by 6.1% in the first quarter. Mason Street Advisors LLC now owns 13,427 shares of the business services provider’s stock worth $423,000 after buying an additional 774 shares during the last quarter. Institutional investors and hedge funds own 88.89% of the company’s stock.

Shares of Korn/Ferry International (NYSE KFY) traded up 1.45% during trading on Friday, hitting $37.83. 310,424 shares of the company traded hands. Korn/Ferry International has a one year low of $19.94 and a one year high of $37.92. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of 19.78 and a beta of 1.39. The firm has a 50 day moving average price of $33.69 and a 200-day moving average price of $32.86.

Korn/Ferry International (NYSE:KFY) last posted its earnings results on Wednesday, September 6th. The business services provider reported $0.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.02. The firm had revenue of $401.25 million during the quarter, compared to analysts’ expectations of $392.91 million. Korn/Ferry International had a net margin of 6.69% and a return on equity of 12.03%. The company’s revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.52 earnings per share. Analysts predict that Korn/Ferry International will post $2.45 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Wednesday, September 27th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Tuesday, September 26th. Korn/Ferry International’s payout ratio is 20.83%.

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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.

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

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