Korn Ferry (NYSE:KFY) has been assigned an average rating of “Hold” from the eight research firms that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $50.00.

KFY has been the topic of a number of recent analyst reports. Sidoti reduced their price objective on shares of Korn Ferry from $72.00 to $63.00 and set a “buy” rating on the stock in a research report on Friday, September 6th. Robert W. Baird set a $42.00 price objective on shares of Korn Ferry and gave the stock a “hold” rating in a research report on Friday, September 6th. Credit Suisse Group reduced their price objective on shares of Korn Ferry from $40.00 to $37.00 and set an “underperform” rating on the stock in a research report on Friday, September 6th. Zacks Investment Research lowered shares of Korn Ferry from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, ValuEngine raised shares of Korn Ferry from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 1st.

Korn Ferry stock traded down $0.01 during midday trading on Friday, reaching $37.97. The stock had a trading volume of 1,330 shares, compared to its average volume of 421,682. The company has a quick ratio of 2.06, a current ratio of 2.37 and a debt-to-equity ratio of 0.34. Korn Ferry has a 52-week low of $34.35 and a 52-week high of $50.74. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of 11.47 and a beta of 1.17. The company has a fifty day moving average of $38.49 and a 200 day moving average of $43.20.

Korn Ferry (NYSE:KFY) last posted its quarterly earnings data on Thursday, September 5th. The business services provider reported $0.76 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.01). Korn Ferry had a return on equity of 15.26% and a net margin of 9.25%. The firm had revenue of $484.50 million during the quarter, compared to analysts’ expectations of $475.35 million. During the same period last year, the company earned $0.78 earnings per share. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. Equities research analysts predict that Korn Ferry will post 3.25 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend is Thursday, September 26th. Korn Ferry’s dividend payout ratio (DPR) is presently 12.08%.

Several large investors have recently modified their holdings of the company. BlackRock Inc. increased its position in shares of Korn Ferry by 0.9% during the second quarter. BlackRock Inc. now owns 8,688,818 shares of the business services provider’s stock worth $348,161,000 after acquiring an additional 74,062 shares during the period. Verition Fund Management LLC increased its position in shares of Korn Ferry by 7.7% during the second quarter. Verition Fund Management LLC now owns 14,277 shares of the business services provider’s stock worth $572,000 after acquiring an additional 1,018 shares during the period. Nuveen Asset Management LLC increased its position in shares of Korn Ferry by 48.0% during the second quarter. Nuveen Asset Management LLC now owns 1,113,171 shares of the business services provider’s stock worth $44,605,000 after acquiring an additional 360,926 shares during the period. UBS Asset Management Americas Inc. increased its position in shares of Korn Ferry by 16.1% during the second quarter. UBS Asset Management Americas Inc. now owns 47,130 shares of the business services provider’s stock worth $1,888,000 after acquiring an additional 6,529 shares during the period. Finally, Neo Ivy Capital Management purchased a new position in shares of Korn Ferry during the second quarter worth approximately $1,437,000. 93.75% of the stock is currently owned by institutional investors and hedge funds.

Korn Ferry Company Profile

Korn Ferry, together with its subsidiaries, provides talent management solutions worldwide. It operates through three segments: Executive Search, Hay Group, and Futurestep. The company provides executive search services 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 market sectors.

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Analyst Recommendations for Korn Ferry (NYSE:KFY)

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