Korn/Ferry International (KFY) Trading Up 4.6%
Korn/Ferry International (NYSE:KFY)’s share price was up 4.6% on Friday . The company traded as high as $23.87 and last traded at $23.68, with a volume of 181,634 shares traded. The stock had previously closed at $22.63.
A number of equities analysts have weighed in on KFY shares. 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. Piper Jaffray Cos. reaffirmed a “neutral” rating and set a $25.00 price target (down previously from $31.00) on shares of Korn/Ferry International in a research note on Thursday, July 7th. Robert W. Baird downgraded shares of Korn/Ferry International from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $35.00 to $27.00 in a research note on Thursday, June 16th. Finally, TheStreet downgraded shares of Korn/Ferry International from a “buy” rating to a “hold” rating in a research note on Wednesday, June 29th. One research 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’s stock. The company has a consensus rating of “Hold” and an average target price of $33.75.
The stock has a 50 day moving average of $22.12 and a 200-day moving average of $26.83. The firm has a market capitalization of $1.35 billion and a P/E ratio of 40.73.
Korn/Ferry International (NYSE:KFY) last announced its quarterly earnings data 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. During the same quarter in the prior year, the company earned $0.51 earnings per share. The business earned $417.20 million during the quarter. Korn/Ferry International’s revenue was up 47.8% on a year-over-year basis. On average, equities research analysts forecast that Korn/Ferry International will post $2.35 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Monday, June 27th were paid a $0.10 dividend. The ex-dividend date was Thursday, June 23rd. This represents a $0.40 annualized dividend and a dividend yield of 1.70%.
In other news, CEO Gary D. Burnison bought 4,000 shares of the company’s stock in a transaction dated Tuesday, June 21st. The shares were acquired at an average cost of $22.49 per share, with a total value of $89,960.00. Following the completion of the transaction, the chief executive officer now directly owns 179,872 shares in the company, valued at approximately $4,045,321.28. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gary D. Burnison bought 2,500 shares of the company’s stock in a transaction dated Monday, June 20th. The stock was purchased at an average cost of $22.60 per share, for a total transaction of $56,500.00. Following the completion of the transaction, the chief executive officer now owns 179,872 shares of the company’s stock, valued at $4,065,107.20. The disclosure for this purchase can be found here.
Several hedge funds and institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased 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 valued at $97,662,000 after buying an additional 128,840 shares during the period. Jennison Associates LLC increased 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 valued at $64,701,000 after buying an additional 21,781 shares during the period. Systematic Financial Management LP increased 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 valued at $29,889,000 after buying an additional 169,798 shares during the period. US Bancorp DE increased 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 valued at $1,658,000 after buying an additional 1,901 shares during the period. Finally, Marshall Wace LLP purchased a new position in Korn/Ferry International during the fourth quarter valued at $3,404,000.
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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