Robert W. Baird reissued their hold rating on shares of Korn/Ferry International (NYSE:KFY) in a research report sent to investors on Thursday, December 7th. The brokerage currently has a $45.00 price target on the business services provider’s stock.
KFY has been the subject of several other reports. SunTrust Banks reiterated a buy rating and set a $42.00 target price on shares of Korn/Ferry International in a report on Friday, October 20th. ValuEngine lowered shares of Korn/Ferry International from a strong-buy rating to a buy rating in a research note on Friday, December 1st. 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 report on Thursday, September 7th. Zacks Investment Research raised shares of Korn/Ferry International from a hold rating to a buy rating and set a $45.00 price objective for the company in a report on Wednesday, October 11th. Finally, BidaskClub cut shares of Korn/Ferry International from a hold rating to a sell rating in a research report on Saturday, August 12th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $43.40.
Shares of Korn/Ferry International (NYSE:KFY) traded down $0.65 during midday trading on Thursday, reaching $40.73. The company’s stock had a trading volume of 521,299 shares, compared to its average volume of 382,600. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.20. Korn/Ferry International has a 1-year low of $27.47 and a 1-year high of $44.08. The company has a market capitalization of $2,338.50, a price-to-earnings ratio of 19.97 and a beta of 1.36.
Korn/Ferry International (NYSE:KFY) last released its quarterly earnings results on Wednesday, December 6th. The business services provider reported $0.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.03. The business had revenue of $443.02 million for the quarter, compared to the consensus estimate of $424.09 million. Korn/Ferry International had a return on equity of 12.15% and a net margin of 6.90%. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter last year, the business posted $0.59 earnings per share. equities research analysts anticipate that Korn/Ferry International will post 2.49 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Wednesday, December 20th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, December 19th. This represents a $0.40 annualized dividend and a dividend yield of 0.98%. Korn/Ferry International’s dividend payout ratio (DPR) is presently 19.61%.
Institutional investors have recently modified their holdings of the stock. Bank of Montreal Can raised its holdings in shares of Korn/Ferry International by 1.7% during the second quarter. Bank of Montreal Can now owns 3,166 shares of the business services provider’s stock worth $110,000 after purchasing an additional 52 shares during the last quarter. Riverhead Capital Management LLC increased its holdings in Korn/Ferry International by 80.5% in the second quarter. Riverhead Capital Management LLC now owns 3,430 shares of the business services provider’s stock valued at $118,000 after buying an additional 1,530 shares in the last quarter. SG Americas Securities LLC increased its holdings in Korn/Ferry International by 26.7% in the second quarter. SG Americas Securities LLC now owns 4,161 shares of the business services provider’s stock valued at $144,000 after buying an additional 878 shares in the last quarter. OLD National Bancorp IN purchased a new position in Korn/Ferry International in the third quarter valued at $208,000. Finally, First Quadrant L P CA purchased a new position in Korn/Ferry International in the third quarter valued at $212,000. 86.09% of the stock is owned by hedge funds and other institutional investors.
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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.
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