Korn/Ferry International (KFY) Trading Down 0.7%
Korn/Ferry International (NYSE:KFY)’s share price traded down 0.7% during mid-day trading on Monday . The stock traded as low as $23.88 and last traded at $23.94, with a volume of 176,574 shares traded. The stock had previously closed at $24.11.
Several equities analysts recently issued reports on the company. Robert W. Baird lowered Korn/Ferry International from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $35.00 to $27.00 in a research report on Thursday, June 16th. Deutsche Bank AG assumed coverage on Korn/Ferry International in a research report on Wednesday, August 17th. They set a “hold” rating and a $27.00 price target on the stock. Zacks Investment Research upgraded Korn/Ferry International from a “sell” rating to a “hold” rating in a research report on Tuesday, August 16th. TheStreet lowered Korn/Ferry International from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th. Finally, Piper Jaffray Cos. restated a “neutral” rating and set a $25.00 price target (down from $31.00) on shares of Korn/Ferry International in a research report on Thursday, July 7th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $32.40.
The firm has a 50 day moving average price of $23.41 and a 200 day moving average price of $26.19. The firm has a market cap of $1.37 billion and a PE ratio of 41.24.
Korn/Ferry International (NYSE:KFY) last released its quarterly earnings data on Wednesday, June 15th. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. The business earned $417.20 million during the quarter. The firm’s revenue for the quarter was up 47.8% on a year-over-year basis. During the same period last year, the business posted $0.51 earnings per share. Equities research analysts anticipate that Korn/Ferry International will post $2.32 earnings per share for the current year.
In other news, CEO Stephen D. Kaye bought 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 29th. The shares were bought at an average cost of $19.54 per share, for a total transaction of $97,700.00. Following the completion of the transaction, the chief executive officer now owns 31,110 shares of the company’s stock, valued at $607,889.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Robert P. Rozek bought 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, June 28th. The stock was purchased at an average price of $19.05 per share, for a total transaction of $28,575.00. Following the completion of 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 disclosure for this purchase can be found here.
An institutional investor recently raised its position in Korn/Ferry International stock. Morgan Stanley boosted its position in Korn/Ferry International (NYSE:KFY) by 39.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 448,314 shares of the company’s stock after buying an additional 127,110 shares during the period. Morgan Stanley owned about 0.87% of Korn/Ferry International worth $14,875,000 at the end of the most recent reporting period.
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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