Shares of Korn/Ferry International (NYSE:KFY) have received an average rating of “Hold” from the seven analysts that are covering the stock. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $29.50.
Several brokerages recently weighed in on KFY. Robert W. Baird cut their target price on shares of Korn/Ferry International from $27.00 to $26.00 and set a “neutral” rating for the company in a research note on Friday, September 9th. Deutsche Bank AG began coverage on shares of Korn/Ferry International in a research note on Wednesday, August 17th. They issued a “hold” rating and a $27.00 target price for the company. Zacks Investment Research raised shares of Korn/Ferry International from a “sell” rating to a “hold” rating in a research note on Tuesday, August 16th. TheStreet downgraded shares of Korn/Ferry International from a “buy” rating to a “hold” rating in a research note on Wednesday, June 29th. Finally, Piper Jaffray Cos. reissued a “neutral” rating and issued a $25.00 target price (down previously from $31.00) on shares of Korn/Ferry International in a research note on Thursday, July 7th.
Several hedge funds and other institutional investors have recently bought and sold shares of KFY. First Mercantile Trust Co. increased its position in Korn/Ferry International by 23.1% in the third quarter. First Mercantile Trust Co. now owns 20,870 shares of the company’s stock worth $438,000 after buying an additional 3,920 shares in the last quarter. Curbstone Financial Management Corp increased its position in Korn/Ferry International by 7.6% in the third quarter. Curbstone Financial Management Corp now owns 38,350 shares of the company’s stock worth $805,000 after buying an additional 2,700 shares in the last quarter. Mason Street Advisors LLC bought a new position in Korn/Ferry International during the second quarter worth approximately $232,000. Schwab Charles Investment Management Inc. increased its position in Korn/Ferry International by 8.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 238,005 shares of the company’s stock worth $4,927,000 after buying an additional 17,647 shares in the last quarter. Finally, Elk Creek Partners LLC increased its position in Korn/Ferry International by 2.5% in the second quarter. Elk Creek Partners LLC now owns 801,678 shares of the company’s stock worth $16,595,000 after buying an additional 19,886 shares in the last quarter. 84.58% of the stock is owned by institutional investors.
Korn/Ferry International (NYSE:KFY) opened at 20.80 on Wednesday. The stock has a 50 day moving average of $22.07 and a 200 day moving average of $24.87. Korn/Ferry International has a 1-year low of $18.57 and a 1-year high of $38.93. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 102.97 and a beta of 1.56.
Korn/Ferry International (NYSE:KFY) last released its quarterly earnings data on Thursday, September 8th. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.53 by $0.01. Korn/Ferry International had a return on equity of 11.83% and a net margin of 0.76%. The business earned $392.90 million during the quarter. During the same quarter in the previous year, the company earned $0.47 EPS. The firm’s quarterly revenue was up 40.7% on a year-over-year basis. Equities analysts expect that Korn/Ferry International will post $2.24 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 14th. Stockholders of record on Monday, September 26th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend was Thursday, September 22nd. Korn/Ferry International’s dividend payout ratio is currently 190.49%.
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.
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