Korn/Ferry International (KFY) Sees Large Volume Increase
Korn/Ferry International (NYSE:KFY) saw strong trading volume on Tuesday . 383,074 shares traded hands during mid-day trading, an increase of 4% from the previous session’s volume of 366,613 shares.The stock last traded at $23.78 and had previously closed at $23.88.
Several equities research analysts have recently commented on the company. Robert W. Baird lowered Korn/Ferry International from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $35.00 to $27.00 in a research note on Thursday, June 16th. Deutsche Bank AG assumed coverage on Korn/Ferry International in a research note on Wednesday, August 17th. They issued a “hold” rating and a $27.00 price objective for the company. Zacks Investment Research upgraded Korn/Ferry International from a “sell” rating to a “hold” rating in a research note on Tuesday, August 16th. TheStreet lowered Korn/Ferry International from a “buy” rating to a “hold” rating in a research note on Wednesday, June 29th. Finally, Piper Jaffray Cos. restated a “neutral” rating and issued a $25.00 price objective (down from $31.00) on shares of Korn/Ferry International in a research note on Thursday, July 7th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. Korn/Ferry International has an average rating of “Hold” and an average price target of $32.40.
The firm has a market capitalization of $1.36 billion and a price-to-earnings ratio of 41.11. The stock has a 50 day moving average price of $23.47 and a 200 day moving average price of $26.17.
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, beating analysts’ consensus estimates of $0.54 by $0.04. The firm earned $417.20 million during the quarter. During the same period last year, the firm earned $0.51 earnings per share. The business’s quarterly revenue was up 47.8% compared to the same quarter last year. Equities research analysts expect that Korn/Ferry International will post $2.32 earnings per share for the current fiscal year.
In other news, CFO Robert P. Rozek acquired 3,000 shares of the business’s stock in a transaction on Friday, June 24th. The stock was bought at an average price of $21.82 per share, with a total value of $65,460.00. Following the completion of the acquisition, the chief financial officer now owns 73,058 shares of the company’s stock, valued at $1,594,125.56. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Robert P. Rozek acquired 1,500 shares of the business’s stock in a transaction on Tuesday, June 28th. The stock was purchased at an average cost of $19.05 per share, with a total value of $28,575.00. Following the acquisition, 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.
A hedge fund recently raised its stake in Korn/Ferry International stock. Morgan Stanley boosted its position in shares of Korn/Ferry International (NYSE:KFY) by 39.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm 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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