Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Korn Ferry (KFY) Stock Price

News coverage about Korn Ferry (NYSE:KFY) has been trending somewhat positive on Monday, according to Accern Sentiment Analysis. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Korn Ferry earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned media stories about the business services provider an impact score of 45.884114567973 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the media stories that may have impacted Accern Sentiment’s rankings:

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Several brokerages have weighed in on KFY. Goldman Sachs began coverage on shares of Korn Ferry in a research report on Tuesday, March 27th. They set a “buy” rating for the company. Zacks Investment Research raised shares of Korn Ferry from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a research report on Friday, March 9th. Finally, ValuEngine raised shares of Korn Ferry from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $43.80.

Shares of KFY opened at $53.20 on Monday. The firm has a market cap of $3,003.09, a price-to-earnings ratio of 23.75 and a beta of 1.21. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.91 and a quick ratio of 1.91. Korn Ferry has a twelve month low of $30.27 and a twelve month high of $53.53.

Korn Ferry (NYSE:KFY) last announced its quarterly earnings results on Tuesday, March 6th. The business services provider reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.12. The business had revenue of $447.60 million during the quarter, compared to analysts’ expectations of $414.54 million. Korn Ferry had a net margin of 6.83% and a return on equity of 12.72%. The firm’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.53 EPS. equities research analysts forecast that Korn Ferry will post 2.63 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, April 13th. Stockholders of record on Monday, March 26th were given a $0.10 dividend. The ex-dividend date was Friday, March 23rd. This represents a $0.40 annualized dividend and a dividend yield of 0.75%. Korn Ferry’s dividend payout ratio is 17.86%.

In related news, Director Angel R. Martinez bought 2,000 shares of the company’s stock in a transaction dated Friday, March 23rd. The stock was purchased at an average cost of $50.30 per share, with a total value of $100,600.00. Following the transaction, the director now owns 5,030 shares in the company, valued at approximately $253,009. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Debra J. Perry sold 19,480 shares of the firm’s stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $50.21, for a total transaction of $978,090.80. The disclosure for this sale can be found here. Company insiders own 1.01% of the company’s stock.

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About Korn Ferry

Korn/Ferry International, together with its subsidiaries, provides talent management solutions worldwide. It operates through three segments: Executive Search, Hay Group, and Futurestep. The company provides executive recruitment services that are used 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 industries.

Insider Buying and Selling by Quarter for Korn Ferry (NYSE:KFY)

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