Korn/Ferry International (KFY) Downgraded by ValuEngine
ValuEngine lowered shares of Korn/Ferry International (NYSE:KFY) from a strong-buy rating to a buy rating in a research report released on Friday morning.
KFY has been the topic of several other reports. Zacks Investment Research cut Korn/Ferry International from a buy rating to a hold rating in a report on Thursday, October 12th. Robert W. Baird reaffirmed a hold rating and set a $37.00 price objective on shares of Korn/Ferry International in a report on Friday, November 10th. SunTrust Banks upped their price objective on Korn/Ferry International from $40.00 to $42.00 and gave the stock a buy rating in a report on Thursday, September 7th. Deutsche Bank upped their price objective on Korn/Ferry International from $34.00 to $40.00 and gave the stock a hold rating in a report on Thursday, September 7th. Finally, BidaskClub cut Korn/Ferry International from a hold rating to a sell rating in a report on Saturday, August 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $41.80.
Shares of Korn/Ferry International (NYSE:KFY) traded down $1.65 on Friday, hitting $42.19. The stock had a trading volume of 681,800 shares, compared to its average volume of 344,845. The stock has a market cap of $2,383.42, a PE ratio of 18.42 and a beta of 1.35. Korn/Ferry International has a twelve month low of $25.25 and a twelve month 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 quarterly earnings data on Wednesday, September 6th. The business services provider reported $0.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.02. The business had revenue of $401.25 million for the quarter, compared to analysts’ expectations of $392.91 million. Korn/Ferry International had a return on equity of 12.03% and a net margin of 6.69%. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.52 EPS. analysts expect that Korn/Ferry International will post 2.45 earnings per share for the current year.
In related news, CEO Gary D. Burnison sold 50,000 shares of the 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 sale, the chief executive officer now owns 198,700 shares in the company, valued at approximately $7,951,974. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Robert P. Rozek sold 12,000 shares of the stock in a transaction 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 owns 93,522 shares in the company, valued at approximately $3,744,620.88. The disclosure for this sale can be found here. Insiders have sold a total of 70,000 shares of company stock worth $2,801,960 in the last 90 days. 1.01% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can grew its position in Korn/Ferry International by 1.7% in the 2nd quarter. Bank of Montreal Can now owns 3,166 shares of the business services provider’s stock valued at $110,000 after acquiring an additional 52 shares during the last quarter. Riverhead Capital Management LLC grew its position in Korn/Ferry International by 80.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,430 shares of the business services provider’s stock valued at $118,000 after acquiring an additional 1,530 shares during the last quarter. SG Americas Securities LLC grew its position in Korn/Ferry International by 26.7% in the 2nd quarter. SG Americas Securities LLC now owns 4,161 shares of the business services provider’s stock valued at $144,000 after acquiring an additional 878 shares during the last quarter. OLD National Bancorp IN bought a new position in Korn/Ferry International in the 3rd quarter valued at $208,000. Finally, First Quadrant L P CA bought a new position in Korn/Ferry International in the 3rd quarter valued at $212,000. Institutional investors own 86.20% of the company’s stock.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Korn/Ferry International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Korn/Ferry International and related companies with Analyst Ratings Network's FREE daily email newsletter.