Korn/Ferry International (NYSE:KFY) has been given an average rating of “Hold” by the nine brokerages that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $43.80.
Several brokerages have commented on KFY. Zacks Investment Research upgraded Korn/Ferry International from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a research note on Friday, March 9th. ValuEngine upgraded Korn/Ferry International from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Robert W. Baird restated a “hold” rating and set a $45.00 price target on shares of Korn/Ferry International in a research note on Thursday, December 7th.
Korn/Ferry International (NYSE:KFY) traded up $0.99 during trading on Friday, reaching $51.06. The company had a trading volume of 484,589 shares, compared to its average volume of 380,392. The firm has a market capitalization of $2,835.82, a price-to-earnings ratio of 19.76 and a beta of 1.36. Korn/Ferry International has a 52-week low of $29.84 and a 52-week high of $51.34. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.91 and a quick ratio of 1.94.
Korn/Ferry International (NYSE:KFY) last released its earnings results on Tuesday, March 6th. The business services provider reported $0.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.12. The firm had revenue of $447.60 million during the quarter, compared to analyst estimates of $414.54 million. Korn/Ferry International had a return on equity of 12.72% and a net margin of 6.83%. The business’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.53 earnings per share. equities research analysts forecast that Korn/Ferry International will post 2.63 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Monday, March 26th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend is Friday, March 23rd. Korn/Ferry International’s payout ratio is 19.05%.
In other news, Director Debra J. Perry sold 19,480 shares of the company’s stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $50.21, for a total value of $978,090.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.01% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of KFY. Advisors Preferred LLC purchased a new position in Korn/Ferry International in the fourth quarter valued at about $159,000. LS Investment Advisors LLC boosted its holdings in Korn/Ferry International by 138.0% in the fourth quarter. LS Investment Advisors LLC now owns 4,658 shares of the business services provider’s stock valued at $193,000 after purchasing an additional 2,701 shares during the last quarter. CAPROCK Group Inc. purchased a new position in Korn/Ferry International in the fourth quarter valued at about $208,000. Shelton Capital Management purchased a new position in Korn/Ferry International in the third quarter valued at about $218,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in Korn/Ferry International in the fourth quarter valued at about $237,000. 88.60% of the stock is owned by institutional investors.
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About Korn/Ferry International
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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