Korn Ferry (KFY) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Korn Ferry (NYSE:KFY) have received an average rating of “Hold” from the nine analysts that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $43.80.

Several equities analysts have recently commented on KFY shares. ValuEngine cut shares of Korn Ferry from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Zacks Investment Research upgraded shares of Korn Ferry from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a report on Friday, March 9th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $45.00 price objective on shares of Korn Ferry in a report on Thursday, December 7th.

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Korn Ferry (KFY) traded up $0.94 during trading on Friday, hitting $51.01. 1,107,866 shares of the stock traded hands, compared to its average volume of 451,965. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.94 and a current ratio of 1.91. Korn Ferry has a fifty-two week low of $29.84 and a fifty-two week high of $51.34. The stock has a market cap of $2,882.73, a PE ratio of 20.08 and a beta of 1.36.

Korn Ferry (NYSE:KFY) last posted its quarterly earnings results on Tuesday, March 6th. The business services provider reported $0.70 EPS for the quarter, beating the consensus estimate of $0.58 by $0.12. Korn Ferry had a net margin of 6.83% and a return on equity of 12.72%. The business had revenue of $447.60 million for the quarter, compared to analysts’ expectations of $414.54 million. During the same period in the previous year, the company posted $0.53 EPS. Korn Ferry’s revenue was up 17.2% on a year-over-year basis. research analysts anticipate that Korn Ferry will post 2.63 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Monday, March 26th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend is Friday, March 23rd. Korn Ferry’s dividend payout ratio is presently 19.05%.

In related news, Director Debra J. Perry sold 5,520 shares of the company’s stock in a transaction on Friday, March 16th. The shares were sold at an average price of $51.00, for a total value of $281,520.00. Following the completion of the sale, the director now directly owns 26,452 shares in the company, valued at $1,349,052. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.01% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Xact Kapitalforvaltning AB bought a new stake in Korn Ferry in the fourth quarter worth $240,000. MetLife Investment Advisors LLC acquired a new position in Korn Ferry during the 4th quarter worth $996,000. Clark Capital Management Group Inc. lifted its position in Korn Ferry by 558.6% during the 4th quarter. Clark Capital Management Group Inc. now owns 362,058 shares of the business services provider’s stock worth $14,982,000 after acquiring an additional 307,086 shares during the last quarter. Meadow Creek Investment Management LLC lifted its position in Korn Ferry by 25.0% during the 4th quarter. Meadow Creek Investment Management LLC now owns 7,840 shares of the business services provider’s stock worth $324,000 after acquiring an additional 1,568 shares during the last quarter. Finally, TIAA CREF Investment Management LLC lifted its position in Korn Ferry by 9.1% during the 4th quarter. TIAA CREF Investment Management LLC now owns 423,836 shares of the business services provider’s stock worth $17,538,000 after acquiring an additional 35,409 shares during the last quarter. Hedge funds and other institutional investors own 88.60% of the company’s stock.

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Korn Ferry Company Profile

Korn/Ferry International, together with its subsidiaries, provides talent management solutions worldwide. It operates through three segments: Executive Search, Hay Group, and Futurestep. The company provides executive recruitment services that are used 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 industries.

Analyst Recommendations for Korn Ferry (NYSE:KFY)

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