Korn Ferry (NYSE:KFY) Given Buy Rating at Robert W. Baird

Robert W. Baird restated their buy rating on shares of Korn Ferry (NYSE:KFY) in a report published on Sunday morning, AnalystRatings.com reports.

Separately, Zacks Investment Research upgraded Korn Ferry from a hold rating to a strong-buy rating and set a $84.00 price objective for the company in a research report on Tuesday, September 14th. One investment analyst has rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of Buy and an average target price of $83.00.

Shares of NYSE KFY opened at $75.39 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.34 and a quick ratio of 2.34. The stock has a fifty day moving average price of $72.28 and a 200 day moving average price of $68.81. Korn Ferry has a 1-year low of $29.95 and a 1-year high of $77.93. The company has a market cap of $4.11 billion, a PE ratio of 18.71 and a beta of 1.63.

Korn Ferry (NYSE:KFY) last released its quarterly earnings data on Tuesday, September 7th. The business services provider reported $1.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.30. The firm had revenue of $585.40 million during the quarter, compared to analysts’ expectations of $540.52 million. Korn Ferry had a return on equity of 16.76% and a net margin of 10.68%. Korn Ferry’s revenue was up 70.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.19) earnings per share. Analysts anticipate that Korn Ferry will post 5.1 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, October 15th. Stockholders of record on Thursday, September 23rd were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date was Wednesday, September 22nd. Korn Ferry’s dividend payout ratio is currently 19.12%.

In other news, CFO Robert P. Rozek sold 10,000 shares of the firm’s stock in a transaction on Thursday, September 9th. The stock was sold at an average price of $75.75, for a total value of $757,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders sold 30,000 shares of company stock valued at $2,259,500. Company insiders own 1.50% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of KFY. Price T Rowe Associates Inc. MD boosted its stake in shares of Korn Ferry by 35.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,026,271 shares of the business services provider’s stock valued at $126,379,000 after acquiring an additional 528,257 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of Korn Ferry by 17.5% during the second quarter. Alliancebernstein L.P. now owns 2,510,348 shares of the business services provider’s stock valued at $182,126,000 after acquiring an additional 374,501 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Korn Ferry by 9.5% during the second quarter. American Century Companies Inc. now owns 2,022,662 shares of the business services provider’s stock valued at $146,744,000 after acquiring an additional 175,122 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Korn Ferry during the second quarter valued at $10,135,000. Finally, Putnam Investments LLC acquired a new stake in shares of Korn Ferry during the second quarter valued at $8,734,000. 90.28% of the stock is currently owned by institutional investors and hedge funds.

Korn Ferry Company Profile

Korn Ferry operates as a global organizational consulting firm, which engages in synchronizing its clients strategy, operations and talent to drive superior business performance. It operates through the following segments: Consulting, Digital, Executive Search North America, Executive Search EMEA, Executive Search Asia Pacific, Executive Search Latin America, and RPO & Professional Search.

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