Zacks Investment Research downgraded shares of Korn Ferry (NYSE:KFY) from a hold rating to a sell rating in a research note issued to investors on Tuesday morning, Zacks.com reports.

According to Zacks, “Korn/Ferry International is the world’s leading and largest executive recruitment firm with the broadest global presence in the executive recruitment industry. KFY provides executive recruitment services exclusively on a retained basis and serve the global recruitment needs of our clients from middle to executive management. KFY’s clients are many of the world’s largest and most prestigious public and private companies, middle-market and emerging growth companies as well as governmental and not-for-profit organizations. “

A number of other equities analysts also recently weighed in on the company. Robert W. Baird cut their target price on Korn Ferry from $42.00 to $40.00 and set a neutral rating on the stock in a research note on Friday, December 6th. ValuEngine upgraded Korn Ferry from a sell rating to a hold rating in a research note on Friday, January 3rd. Finally, Sidoti dropped their price objective on Korn Ferry from $63.00 to $58.00 and set a buy rating on the stock in a research note on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $48.20.

Shares of NYSE KFY opened at $41.73 on Tuesday. Korn Ferry has a twelve month low of $34.35 and a twelve month high of $49.54. The stock’s 50 day moving average price is $42.30 and its 200-day moving average price is $39.40. The company has a market capitalization of $2.30 billion, a PE ratio of 12.96 and a beta of 1.15. The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 0.38.

Korn Ferry (NYSE:KFY) last announced its earnings results on Thursday, December 5th. The business services provider reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.01. Korn Ferry had a return on equity of 14.73% and a net margin of 9.10%. The firm had revenue of $492.40 million for the quarter, compared to the consensus estimate of $494.92 million. During the same quarter in the previous year, the business earned $0.85 EPS. The company’s revenue was down .6% compared to the same quarter last year. As a group, research analysts expect that Korn Ferry will post 3.12 EPS for the current fiscal year.

A number of institutional investors have recently bought and sold shares of KFY. Chevy Chase Trust Holdings Inc. purchased a new stake in shares of Korn Ferry during the fourth quarter worth $32,000. FMR LLC lifted its position in shares of Korn Ferry by 27.7% during the fourth quarter. FMR LLC now owns 1,369 shares of the business services provider’s stock worth $59,000 after acquiring an additional 297 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Korn Ferry during the third quarter worth $68,000. Nisa Investment Advisors LLC lifted its position in shares of Korn Ferry by 95.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,050 shares of the business services provider’s stock worth $87,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Advisors Preferred LLC lifted its position in shares of Korn Ferry by 12.8% during the fourth quarter. Advisors Preferred LLC now owns 2,813 shares of the business services provider’s stock worth $119,000 after acquiring an additional 320 shares in the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Korn Ferry Company Profile

Korn Ferry, together with its subsidiaries, provides talent management solutions worldwide. It operates through three segments: Executive Search, Hay Group, and Futurestep. The company provides executive search services to fill executive-level positions, such as board directors, chief executive officers, chief financial officers, chief operating officers, chief information officers, chief human resource officers, and other senior executive officers for clients in the consumer, financial services, industrial, life sciences/healthcare provider, technology, and educational/not-for-profit market sectors.

Further Reading: Cost of Goods Sold (COGS)

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