ValuEngine upgraded shares of Korn/Ferry International (NYSE:KFY) from a hold rating to a buy rating in a research report report published on Friday.
KFY has been the subject of a number of other reports. Zacks Investment Research cut Korn/Ferry International from a buy rating to a hold rating in a report on Friday, December 8th. Robert W. Baird reaffirmed a hold rating and set a $37.00 price target on shares of Korn/Ferry International in a report on Friday, November 10th. Finally, SunTrust Banks reaffirmed a buy rating and set a $42.00 price target on shares of Korn/Ferry International in a report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $43.40.
Korn/Ferry International (NYSE KFY) opened at $43.29 on Friday. Korn/Ferry International has a twelve month low of $27.47 and a twelve month high of $45.26. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $2,446.44, a P/E ratio of 21.22 and a beta of 1.35.
Korn/Ferry International (NYSE:KFY) last issued its earnings results on Wednesday, December 6th. The business services provider reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.03. Korn/Ferry International had a return on equity of 12.15% and a net margin of 6.90%. The business had revenue of $443.02 million during the quarter, compared to analysts’ expectations of $424.09 million. During the same period in the prior year, the firm posted $0.59 EPS. Korn/Ferry International’s quarterly revenue was up 10.2% compared to the same quarter last year. research analysts predict that Korn/Ferry International will post 2.49 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Wednesday, December 20th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, December 19th. This represents a $0.40 dividend on an annualized basis and a yield of 0.92%. Korn/Ferry International’s dividend payout ratio is 19.61%.
A number of hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its holdings in Korn/Ferry International by 2.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,678,945 shares of the business services provider’s stock valued at $184,492,000 after purchasing an additional 102,976 shares in the last quarter. Jennison Associates LLC increased its holdings in Korn/Ferry International by 1.9% during the 3rd quarter. Jennison Associates LLC now owns 1,975,058 shares of the business services provider’s stock valued at $77,877,000 after purchasing an additional 37,073 shares in the last quarter. Northern Trust Corp increased its holdings in Korn/Ferry International by 1.8% during the 2nd quarter. Northern Trust Corp now owns 1,372,734 shares of the business services provider’s stock valued at $47,401,000 after purchasing an additional 24,403 shares in the last quarter. Hennessy Advisors Inc. acquired a new stake in Korn/Ferry International during the 4th quarter valued at $30,340,000. Finally, Hotchkis & Wiley Capital Management LLC increased its holdings in Korn/Ferry International by 0.4% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 669,466 shares of the business services provider’s stock valued at $26,397,000 after purchasing an additional 2,339 shares in the last quarter. 88.68% of the stock is owned by hedge funds and other institutional investors.
Korn/Ferry International Company Profile
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Korn/Ferry International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Korn/Ferry International and related companies with MarketBeat.com's FREE daily email newsletter.