Korn/Ferry International (NYSE:KFY)‘s stock had its “hold” rating restated by investment analysts at Robert W. Baird in a research note issued on Friday. They currently have a $37.00 price target on the business services provider’s stock. Robert W. Baird’s price objective points to a potential downside of 11.33% from the stock’s current price.
Several other research firms have also recently weighed in on KFY. BidaskClub cut Korn/Ferry International from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. SunTrust Banks, Inc. restated a “buy” rating and set a $42.00 target price on shares of Korn/Ferry International in a research note on Friday, October 20th. Deutsche Bank AG upped their target price on Korn/Ferry International from $34.00 to $40.00 and gave the stock a “hold” rating in a research note on Thursday, September 7th. Finally, Zacks Investment Research cut Korn/Ferry International from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $41.80.
Korn/Ferry International (KFY) traded up $0.48 during midday trading on Friday, reaching $41.73. The company’s stock had a trading volume of 186,300 shares, compared to its average volume of 265,071. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.20. Korn/Ferry International has a 12-month low of $22.46 and a 12-month high of $42.34. The company has a market capitalization of $2,357.41, a PE ratio of 18.22 and a beta of 1.34.
Korn/Ferry International (NYSE:KFY) last released its earnings results on Wednesday, September 6th. The business services provider reported $0.55 earnings per share for the quarter, topping the 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 during the quarter, compared to analysts’ expectations of $392.91 million. During the same period in the prior year, the company earned $0.52 earnings per share. The company’s quarterly revenue was up 6.8% on a year-over-year basis. equities research analysts expect that Korn/Ferry International will post 2.45 earnings per share for the current year.
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In other news, CFO Robert P. Rozek sold 12,000 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $40.04, for a total transaction of $480,480.00. Following the completion of the transaction, the chief financial officer now directly owns 93,522 shares in the company, valued at $3,744,620.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gary D. Burnison sold 50,000 shares of the company’s stock in a transaction 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 owns 198,700 shares of the company’s stock, valued at $7,951,974. The disclosure for this sale can be found here. Insiders have sold 70,000 shares of company stock valued at $2,801,960 over the last quarter. Company insiders own 1.01% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can increased its holdings in 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 valued at $110,000 after purchasing an additional 52 shares during the period. Riverhead Capital Management LLC increased its holdings in 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 valued at $118,000 after purchasing an additional 1,530 shares during the period. SG Americas Securities LLC increased its holdings in 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 valued at $144,000 after purchasing an additional 878 shares during the period. OLD National Bancorp IN acquired a new stake in Korn/Ferry International in the third quarter valued at $208,000. Finally, First Quadrant L P CA acquired a new stake in Korn/Ferry International in the third quarter valued at $212,000. Institutional investors and hedge funds 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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