Investment Analysts’ Recent Ratings Updates for Korn Ferry (KFY)

Several brokerages have updated their recommendations and price targets on shares of Korn Ferry (NYSE: KFY) in the last few weeks:

  • 9/10/2019 – Korn Ferry was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 9/6/2019 – Korn Ferry had its price target lowered by analysts at Credit Suisse Group AG from $40.00 to $37.00. They now have an “underperform” rating on the stock.
  • 9/6/2019 – Korn Ferry was given a new $42.00 price target on by analysts at Robert W. Baird. They now have a “hold” rating on the stock.
  • 9/6/2019 – Korn Ferry had its price target lowered by analysts at Sidoti from $72.00 to $63.00. They now have a “buy” rating on the stock.
  • 8/22/2019 – Korn Ferry was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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. “
  • 8/1/2019 – Korn Ferry was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating.

NYSE KFY traded up $0.24 during trading on Friday, hitting $38.22. The company had a trading volume of 523,805 shares, compared to its average volume of 354,968. The company has a current ratio of 2.37, a quick ratio of 2.06 and a debt-to-equity ratio of 0.34. Korn Ferry has a one year low of $34.35 and a one year high of $50.74. The company has a market cap of $2.07 billion, a price-to-earnings ratio of 11.55 and a beta of 1.17. The company’s fifty day moving average is $38.49 and its 200-day moving average is $43.20.

Korn Ferry (NYSE:KFY) last released its earnings results on Thursday, September 5th. The business services provider reported $0.76 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.01). The business had revenue of $484.50 million during the quarter, compared to analysts’ expectations of $475.35 million. Korn Ferry had a return on equity of 15.26% and a net margin of 9.25%. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.78 earnings per share. As a group, equities analysts anticipate that Korn Ferry will post 3.25 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend is Thursday, September 26th. Korn Ferry’s dividend payout ratio is presently 12.08%.

Large investors have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. grew its position in shares of Korn Ferry by 14.5% in the 1st quarter. Advisors Asset Management Inc. now owns 3,090 shares of the business services provider’s stock worth $138,000 after buying an additional 392 shares during the period. Tower Research Capital LLC TRC grew its position in Korn Ferry by 421.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,060 shares of the business services provider’s stock valued at $203,000 after purchasing an additional 4,089 shares during the last quarter. CWM Advisors LLC purchased a new stake in Korn Ferry during the 2nd quarter valued at about $206,000. Fox Run Management L.L.C. purchased a new stake in Korn Ferry during the 2nd quarter valued at about $290,000. Finally, Integre Asset Management LLC grew its position in Korn Ferry by 40.3% during the 2nd quarter. Integre Asset Management LLC now owns 7,250 shares of the business services provider’s stock valued at $291,000 after purchasing an additional 2,083 shares during the last quarter. 93.75% of the stock is currently owned by hedge funds and other institutional investors.

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.

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