Shares of Korn Ferry (NYSE:KFY) have been assigned a consensus recommendation of “Hold” from the six brokerages that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $49.00.
A number of brokerages have recently commented on KFY. SunTrust Banks dropped their price objective on shares of Korn Ferry to $58.00 and set a “buy” rating on the stock in a research note on Friday, June 21st. ValuEngine upgraded Korn Ferry from a “strong sell” rating to a “sell” rating in a report on Thursday, August 1st. Finally, Zacks Investment Research upgraded Korn Ferry from a “sell” rating to a “hold” rating in a report on Thursday.
Shares of NYSE KFY traded down $1.49 during mid-day trading on Monday, reaching $37.01. The company had a trading volume of 354,172 shares, compared to its average volume of 321,696. The business’s 50-day moving average is $38.94 and its 200-day moving average is $44.11. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.18. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of 11.71 and a beta of 1.17. Korn Ferry has a 52 week low of $36.68 and a 52 week high of $68.75.
Korn Ferry (NYSE:KFY) last released its quarterly earnings results on Thursday, June 20th. The business services provider reported $0.88 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.88. The business had revenue of $490.76 million during the quarter, compared to analyst estimates of $496.76 million. Korn Ferry had a net margin of 5.20% and a return on equity of 15.68%. The company’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.80 earnings per share. As a group, equities research analysts forecast that Korn Ferry will post 3.49 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Tuesday, July 2nd were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date was Monday, July 1st. Korn Ferry’s dividend payout ratio is currently 12.08%.
A number of institutional investors have recently bought and sold shares of KFY. Millennium Management LLC lifted its stake in Korn Ferry by 12.0% in the 4th quarter. Millennium Management LLC now owns 68,387 shares of the business services provider’s stock worth $2,704,000 after purchasing an additional 7,350 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Korn Ferry by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 677,337 shares of the business services provider’s stock worth $26,781,000 after acquiring an additional 2,420 shares during the period. Foundry Partners LLC raised its holdings in shares of Korn Ferry by 9.0% during the 1st quarter. Foundry Partners LLC now owns 105,875 shares of the business services provider’s stock worth $4,741,000 after acquiring an additional 8,716 shares during the period. Brinker Capital Inc. raised its holdings in shares of Korn Ferry by 26.4% during the 1st quarter. Brinker Capital Inc. now owns 9,227 shares of the business services provider’s stock worth $414,000 after acquiring an additional 1,930 shares during the period. Finally, Bailard Inc. raised its holdings in Korn Ferry by 7.7% in the 1st quarter. Bailard Inc. now owns 8,400 shares of the business services provider’s stock valued at $376,000 after buying an additional 600 shares during the period. 88.51% of the stock is currently owned by institutional investors.
About Korn Ferry
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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