Korn/Ferry International (NYSE:KFY) shares dropped 3% on Wednesday . The stock traded as low as $23.11 and last traded at $23.28, with a volume of 393,048 shares trading hands. The stock had previously closed at $24.01.

KFY has been the subject of several analyst reports. Robert W. Baird downgraded shares of Korn/Ferry International from an “outperform” rating to a “neutral” rating and cut their target price for the company from $35.00 to $27.00 in a research note on Thursday, June 16th. Piper Jaffray Cos. reissued a “neutral” rating and issued a $25.00 target price (down previously from $31.00) on shares of Korn/Ferry International in a research note on Thursday, July 7th. Zacks Investment Research downgraded shares of Korn/Ferry International from a “hold” rating to a “sell” rating in a research note on Friday, June 17th. TheStreet downgraded shares of Korn/Ferry International from a “buy” rating to a “hold” rating in a research note on Wednesday, June 29th. Finally, Macquarie raised shares of Korn/Ferry International from a “neutral” rating to an “outperform” rating and set a $40.00 price objective for the company in a research note on Friday, April 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $33.75.

The company’s 50-day moving average price is $23.15 and its 200-day moving average price is $27.16. The company has a market capitalization of $1.34 billion and a P/E ratio of 40.29.

Korn/Ferry International (NYSE:KFY) last announced its earnings results on Wednesday, June 15th. The company reported $0.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.04. The firm had revenue of $417.20 million for the quarter. The firm’s quarterly revenue was up 47.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.51 earnings per share. On average, analysts forecast that Korn/Ferry International will post $2.35 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Monday, June 27th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, June 23rd. This represents a $0.40 annualized dividend and a yield of 1.71%.

In related news, CFO Robert P. Rozek purchased 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, June 28th. The stock was acquired at an average price of $19.05 per share, for a total transaction of $28,575.00. Following the transaction, the chief financial officer now directly owns 76,558 shares of the company’s stock, valued at approximately $1,458,429.90. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gary D. Burnison purchased 2,500 shares of the firm’s stock in a transaction that occurred on Monday, June 20th. The stock was bought at an average price of $22.60 per share, with a total value of $56,500.00. Following the transaction, the chief executive officer now directly owns 179,872 shares in the company, valued at $4,065,107.20. The disclosure for this purchase can be found here.

Several institutional investors recently added to or reduced their stakes in KFY. 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 during the period. 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 during the period. Morgan Stanley raised its position in Korn/Ferry International by 39.6% in the fourth quarter. Morgan Stanley now owns 448,314 shares of the company’s stock worth $14,875,000 after buying an additional 127,110 shares during the period. Marshall Wace LLP bought a new position in Korn/Ferry International during the fourth quarter worth $3,404,000. Finally, Bailard Inc. bought a new position in Korn/Ferry International during the fourth quarter worth $1,256,000.

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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