Korn/Ferry International (KFY) Sees Large Volume Increase
Shares of Korn/Ferry International (NYSE:KFY) saw unusually-strong trading volume on Tuesday . Approximately 383,074 shares traded hands during 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.
A number of equities research analysts have recently issued reports on KFY shares. Zacks Investment Research downgraded shares of Korn/Ferry International from a “hold” rating to a “sell” rating in a research report on Friday, June 17th. Piper Jaffray Cos. reissued a “neutral” rating and set a $25.00 price objective (down previously from $31.00) on shares of Korn/Ferry International in a research report 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 objective for the company from $35.00 to $27.00 in a research report on Thursday, June 16th. Deutsche Bank AG started coverage on shares of Korn/Ferry International in a research report on Wednesday, August 17th. They set a “hold” rating and a $27.00 price objective for the company. Finally, TheStreet downgraded shares of Korn/Ferry International from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Korn/Ferry International currently has an average rating of “Hold” and an average price target of $32.40.
The firm’s 50-day moving average price is $23.51 and its 200-day moving average price is $26.15. The stock has a market cap of $1.40 billion and a P/E ratio of 42.116.
Korn/Ferry International (NYSE:KFY) last posted its earnings results on Wednesday, June 15th. The company reported $0.58 EPS for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.04. The firm had revenue of $417.20 million for the quarter. During the same period last year, the firm earned $0.51 earnings per share. The firm’s revenue was up 47.8% compared to the same quarter last year. On average, equities analysts expect that Korn/Ferry International will post $2.32 earnings per share for the current year.
In related news, CFO Robert P. Rozek purchased 3,000 shares of the firm’s stock in a transaction on Friday, June 24th. The stock was acquired 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 in the company, valued at approximately $1,594,125.56. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Stephen D. Kaye purchased 5,000 shares of the firm’s stock in a transaction on Wednesday, June 29th. The stock was bought at an average cost of $19.54 per share, with a total value of $97,700.00. Following the acquisition, the chief executive officer now owns 31,110 shares of the company’s stock, valued at approximately $607,889.40. The disclosure for this purchase can be found here.
An institutional investor recently raised its position in Korn/Ferry International stock. Morgan Stanley increased its position in Korn/Ferry International (NYSE:KFY) by 39.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. 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 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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