Korn/Ferry International (KFY) Receives $41.80 Average PT from Analysts

Shares of Korn/Ferry International (NYSE:KFY) have earned a consensus recommendation of “Buy” from the ten ratings firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $41.80.

Several research analysts have weighed in on KFY shares. Zacks Investment Research upgraded shares of Korn/Ferry International from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a research report on Wednesday, November 8th. Deutsche Bank upped their target price on shares of Korn/Ferry International from $34.00 to $40.00 and gave the stock a “hold” rating in a research report on Thursday, September 7th. SunTrust Banks restated a “buy” rating and set a $42.00 target price on shares of Korn/Ferry International in a research report on Friday, October 20th. Robert W. Baird restated a “hold” rating and set a $37.00 target price on shares of Korn/Ferry International in a research report on Friday, November 10th. Finally, ValuEngine lowered shares of Korn/Ferry International from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st.

Korn/Ferry International (KFY) traded up $0.10 during midday trading on Friday, reaching $42.16. 575,223 shares of the company traded hands, compared to its average volume of 348,116. The stock has a market capitalization of $2,386.24, a PE ratio of 18.44 and a beta of 1.35. Korn/Ferry International has a 52-week low of $26.38 and a 52-week high of $44.08. 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 (NYSE:KFY) last issued its earnings results on Wednesday, December 6th. The business services provider reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.03. Korn/Ferry International had a net margin of 6.69% and a return on equity of 12.03%. The company had revenue of $443.02 million for the quarter, compared to analyst estimates of $424.09 million. During the same period in the prior year, the business posted $0.59 earnings per share. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. equities research analysts predict that Korn/Ferry International will post 2.45 earnings per share for the current year.

In other news, CFO Robert P. Rozek sold 12,000 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gary D. Burnison sold 50,000 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $40.02, for a total transaction of $2,001,000.00. Following the completion of the sale, the chief executive officer now owns 198,700 shares in the company, valued at $7,951,974. The disclosure for this sale can be found here. Insiders have sold 70,000 shares of company stock worth $2,801,960 over the last 90 days. 1.01% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Shelton Capital Management acquired a new stake in shares of Korn/Ferry International in the third quarter valued at approximately $218,000. Public Employees Retirement System of Ohio grew its position in shares of Korn/Ferry International by 20.6% in the third quarter. Public Employees Retirement System of Ohio now owns 81,436 shares of the business services provider’s stock valued at $3,211,000 after purchasing an additional 13,925 shares during the last quarter. GSA Capital Partners LLP grew its position in shares of Korn/Ferry International by 123.7% in the third quarter. GSA Capital Partners LLP now owns 55,496 shares of the business services provider’s stock valued at $2,188,000 after purchasing an additional 30,689 shares during the last quarter. Neuberger Berman Group LLC grew its position in shares of Korn/Ferry International by 4.5% in the third quarter. Neuberger Berman Group LLC now owns 50,325 shares of the business services provider’s stock valued at $1,984,000 after purchasing an additional 2,150 shares during the last quarter. Finally, Invictus RG acquired a new stake in shares of Korn/Ferry International in the third quarter valued at approximately $416,000. Institutional investors and hedge funds own 86.20% of the company’s stock.

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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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