Korn/Ferry International (KFY) Trading 2.6% Higher
Korn/Ferry International (NYSE:KFY)’s share price traded up 2.6% on Thursday . The stock traded as high as $24.46 and last traded at $24.45, with a volume of 302,505 shares. The stock had previously closed at $23.84.
Several equities analysts have recently commented on the stock. 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 report on Thursday, July 7th. Zacks Investment Research upgraded shares of Korn/Ferry International from a “sell” rating to a “hold” rating in a report on Tuesday, August 16th. Deutsche Bank AG assumed coverage on shares of Korn/Ferry International in a report on Wednesday, August 17th. They set a “hold” rating and a $27.00 price target on the stock. TheStreet cut shares of Korn/Ferry International from a “buy” rating to a “hold” rating in a report on Wednesday, June 29th. Finally, Robert W. Baird cut shares of Korn/Ferry International from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $35.00 to $27.00 in a report on Thursday, June 16th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Korn/Ferry International has an average rating of “Hold” and a consensus price target of $32.40.
The stock’s 50 day moving average is $23.56 and its 200-day moving average is $26.14. The firm has a market capitalization of $1.41 billion and a price-to-earnings ratio of 42.40.
Korn/Ferry International (NYSE:KFY) last announced its quarterly earnings data 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. During the same quarter in the prior year, the company earned $0.51 EPS. The business earned $417.20 million during the quarter. Korn/Ferry International’s revenue for the quarter was up 47.8% compared to the same quarter last year. On average, equities research analysts forecast that Korn/Ferry International will post $2.32 earnings per share for the current year.
In other Korn/Ferry International news, CEO Gary D. Burnison acquired 2,500 shares of the business’s stock in a transaction that occurred on Monday, June 20th. The shares were acquired at an average cost of $22.60 per share, for a total transaction of $56,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 179,872 shares of the company’s stock, valued at approximately $4,065,107.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gary D. Burnison acquired 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 21st. The stock was acquired at an average price of $22.49 per share, for a total transaction of $89,960.00. Following the completion of the acquisition, the chief executive officer now directly owns 179,872 shares of the company’s stock, valued at $4,045,321.28. 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 stake 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 (SEC). The fund 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 as of its most recent SEC filing.
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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