Korn/Ferry International (KFY) Trading Up 4.8%
Korn/Ferry International (NYSE:KFY) was up 4.8% during mid-day trading on Friday . The stock traded as high as $21.53 and last traded at $21.34, with a volume of 252,240 shares trading hands. The stock had previously closed at $20.37.
Several equities research analysts have weighed in on KFY shares. Robert W. Baird cut Korn/Ferry International from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $35.00 to $27.00 in a research note on Thursday, June 16th. Zacks Investment Research cut Korn/Ferry International from a “hold” rating to a “sell” rating in a research note on Friday, June 17th. Macquarie upgraded Korn/Ferry International from a “neutral” rating to an “outperform” rating and set a $40.00 target price for the company in a research note on Friday, April 8th. Piper Jaffray Cos. restated a “neutral” rating and set a $25.00 target price (down from $31.00) on shares of Korn/Ferry International in a research note on Thursday. Finally, TheStreet cut Korn/Ferry International from a “buy” rating to a “hold” rating in a research note on Wednesday, June 29th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $33.75.
The company’s 50-day moving average price is $25.12 and its 200 day moving average price is $28.00. The stock has a market capitalization of $1.22 billion and a P/E ratio of 36.79.
Korn/Ferry International (NYSE:KFY) last issued its quarterly earnings results on Wednesday, June 15th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.04. The company had revenue of $417.20 million for the quarter. The firm’s revenue was up 47.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.51 EPS. On average, equities analysts predict that Korn/Ferry International will post $2.35 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Monday, June 27th will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, June 23rd. This represents a $0.40 annualized dividend and a dividend yield of 1.88%.
In other Korn/Ferry International news, CEO Gary D. Burnison acquired 4,000 shares of Korn/Ferry International stock in a transaction that occurred on Tuesday, June 21st. The stock was acquired at an average cost of $22.49 per share, for a total transaction of $89,960.00. Following the purchase, the chief executive officer now owns 179,872 shares of the company’s stock, valued at $4,045,321.28. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gary D. Burnison acquired 2,500 shares of Korn/Ferry International stock in a transaction that occurred on Monday, June 20th. The stock was acquired at an average price of $22.60 per share, with a total value of $56,500.00. Following the completion of the purchase, the chief executive officer now directly owns 179,872 shares in the company, valued at approximately $4,065,107.20. The disclosure for this purchase can be found here.
Other hedge funds and institutional investors have added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position in Korn/Ferry International by 4.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,943,390 shares of the company’s stock worth $97,662,000 after buying an additional 128,840 shares in the last quarter. Jennison Associates LLC raised its position in Korn/Ferry International by 1.1% in the fourth quarter. Jennison Associates LLC now owns 1,950,006 shares of the company’s stock worth $64,701,000 after buying an additional 21,781 shares in the last quarter. Systematic Financial Management LP raised its position in Korn/Ferry International by 23.2% in the fourth quarter. Systematic Financial Management LP now owns 900,837 shares of the company’s stock worth $29,889,000 after buying an additional 169,798 shares in the last quarter. US Bancorp DE raised its position in Korn/Ferry International by 4.0% in the fourth quarter. US Bancorp DE now owns 49,965 shares of the company’s stock worth $1,658,000 after buying an additional 1,901 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in Korn/Ferry International during the fourth quarter worth $3,404,000.
Korn/Ferry International offers leadership and talent consulting services. The Company provides executive recruitment, leadership development, enterprise learning, succession planning and recruitment process outsourcing. Its business segments include Executive Recruitment, Leadership & Talent Consulting (LTC), and Professional Search and Recruitment Process Outsourcing (Futurestep).
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