Korn Ferry (NYSE:KFY) has earned an average recommendation of “Hold” from the eight ratings firms that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $50.00.
Several equities analysts recently commented on the company. ValuEngine upgraded Korn Ferry from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 1st. SunTrust Banks dropped their target price on Korn Ferry to $58.00 and set a “buy” rating for the company in a research note on Friday, June 21st. Zacks Investment Research lowered Korn Ferry from a “hold” rating to a “sell” rating in a research note on Tuesday, September 10th. Sidoti dropped their price target on Korn Ferry from $72.00 to $63.00 and set a “buy” rating for the company in a research note on Friday, September 6th. Finally, Robert W. Baird set a $42.00 price target on Korn Ferry and gave the stock a “hold” rating in a research note on Friday, September 6th.
A number of large investors have recently made changes to their positions in KFY. Geode Capital Management LLC increased its stake in Korn Ferry by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 677,337 shares of the business services provider’s stock worth $26,781,000 after acquiring an additional 2,420 shares during the last quarter. Janus Henderson Group PLC increased its stake in Korn Ferry by 7.6% during the first quarter. Janus Henderson Group PLC now owns 10,271 shares of the business services provider’s stock worth $460,000 after acquiring an additional 722 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Korn Ferry by 1.1% in the first quarter. Rhumbline Advisers now owns 165,709 shares of the business services provider’s stock valued at $7,420,000 after buying an additional 1,825 shares in the last quarter. Comerica Bank grew its stake in shares of Korn Ferry by 1.7% in the first quarter. Comerica Bank now owns 56,233 shares of the business services provider’s stock valued at $2,648,000 after buying an additional 931 shares in the last quarter. Finally, Texas Permanent School Fund grew its stake in shares of Korn Ferry by 3.8% in the first quarter. Texas Permanent School Fund now owns 38,481 shares of the business services provider’s stock valued at $1,723,000 after buying an additional 1,394 shares in the last quarter. Institutional investors own 91.17% of the company’s stock.
Korn Ferry (NYSE:KFY) last released its earnings results on Thursday, September 5th. The business services provider reported $0.76 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by ($0.01). The business had revenue of $484.50 million during the quarter, compared to analyst estimates of $475.35 million. Korn Ferry had a net margin of 9.25% and a return on equity of 15.26%. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.78 earnings per share. On average, research analysts anticipate that Korn Ferry will post 3.25 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $0.40 annualized dividend and a yield of 1.05%. Korn Ferry’s dividend payout ratio is presently 12.08%.
About Korn Ferry
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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