ValuEngine Downgrades Korn/Ferry International (KFY) to Buy

ValuEngine lowered shares of Korn/Ferry International (NYSE:KFY) from a strong-buy rating to a buy rating in a report issued on Friday morning.

KFY has been the subject of a number of other reports. Zacks Investment Research downgraded Korn/Ferry International from a buy rating to a hold rating in a report on Thursday, October 12th. Robert W. Baird reiterated 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 increased 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 increased 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 downgraded 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 issued a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $41.80.

Korn/Ferry International (KFY) opened at $42.24 on Friday. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $2,383.42, a PE ratio of 18.42 and a beta of 1.35. Korn/Ferry International has a fifty-two week low of $25.59 and a fifty-two week high of $44.08.

Korn/Ferry International (NYSE:KFY) last posted its quarterly earnings data on Wednesday, September 6th. The business services provider reported $0.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.02. The business had revenue of $401.25 million during the quarter, compared to the consensus estimate of $392.91 million. Korn/Ferry International had a return on equity of 12.03% and a net margin of 6.69%. Korn/Ferry International’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the company earned $0.52 earnings per share. analysts anticipate that Korn/Ferry International will post 2.45 EPS for the current year.

In other Korn/Ferry International news, CFO Robert P. Rozek sold 12,000 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $40.04, for a total value of $480,480.00. Following the completion of the transaction, the chief financial officer now directly owns 93,522 shares in the company, valued at $3,744,620.88. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jerry Leamon sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $40.06, for a total value of $320,480.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 70,000 shares of company stock valued at $2,801,960. Corporate insiders own 1.01% of the company’s stock.

A number of hedge funds have recently bought and sold shares of KFY. Bank of Montreal Can grew its stake in Korn/Ferry International by 1.7% in the second quarter. Bank of Montreal Can now owns 3,166 shares of the business services provider’s stock valued at $110,000 after purchasing an additional 52 shares in the last quarter. Riverhead Capital Management LLC grew its stake 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 purchasing an additional 1,530 shares in the last quarter. SG Americas Securities LLC grew its stake 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 purchasing an additional 878 shares in the last quarter. OLD National Bancorp IN bought a new position in Korn/Ferry International in the third quarter valued at approximately $208,000. Finally, First Quadrant L P CA bought a new position in Korn/Ferry International in the third quarter valued at approximately $212,000. Hedge funds and other institutional investors own 86.20% of the company’s stock.

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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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Analyst Recommendations for Korn/Ferry International (NYSE:KFY)

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