Korn/Ferry International (KFY) Upgraded to “Buy” at Zacks Investment Research

Korn/Ferry International (NYSE:KFY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Wednesday. The brokerage presently has a $45.00 price target on the business services provider’s stock. Zacks Investment Research‘s price target points to a potential upside of 13.26% from the stock’s previous close.

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. “

Several other research firms have also recently commented on KFY. BidaskClub raised shares of Korn/Ferry International from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 23rd. SunTrust Banks, Inc. lifted their target price on shares of Korn/Ferry International from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday, September 7th. Finally, Deutsche Bank AG lifted their target price on shares of Korn/Ferry International from $34.00 to $40.00 and gave the stock a “hold” rating in a research note on Thursday, September 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $42.50.

Korn/Ferry International (KFY) traded down 1.05% on Wednesday, reaching $39.73. The company had a trading volume of 234,055 shares. The stock has a market capitalization of $2.24 billion, a PE ratio of 20.77 and a beta of 1.41. The stock has a 50 day moving average price of $36.69 and a 200 day moving average price of $33.77. Korn/Ferry International has a 52-week low of $19.94 and a 52-week high of $40.64.

Korn/Ferry International (NYSE:KFY) last released its earnings results on Wednesday, September 6th. The business services provider reported $0.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.02. The firm had revenue of $401.25 million during the quarter, compared to analysts’ expectations of $392.91 million. Korn/Ferry International had a net margin of 6.69% and a return on equity of 12.03%. Korn/Ferry International’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.52 EPS. Analysts expect that Korn/Ferry International will post $2.45 EPS for the current year.

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In other Korn/Ferry International news, CFO Robert P. Rozek sold 12,000 shares of Korn/Ferry International stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $40.04, for a total value of $480,480.00. Following the transaction, the chief financial officer now owns 93,522 shares in the company, valued at approximately $3,744,620.88. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Gary D. Burnison sold 50,000 shares of Korn/Ferry International stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $40.02, for a total transaction of $2,001,000.00. Following the completion of the transaction, the chief executive officer now owns 198,700 shares in the company, valued at approximately $7,951,974. The disclosure for this sale can be found here. In the last quarter, insiders sold 70,000 shares of company stock worth $2,801,960. 1.01% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Bank of Montreal Can boosted its holdings in shares of Korn/Ferry International by 1.7% in the 2nd quarter. Bank of Montreal Can now owns 3,166 shares of the business services provider’s stock valued at $110,000 after purchasing an additional 52 shares during the last quarter. Hanseatic Management Services Inc. boosted its holdings in shares of Korn/Ferry International by 1.1% in the 2nd quarter. Hanseatic Management Services Inc. now owns 7,129 shares of the business services provider’s stock valued at $246,000 after purchasing an additional 81 shares during the last quarter. Texas Permanent School Fund boosted its holdings in shares of Korn/Ferry International by 0.8% in the 2nd quarter. Texas Permanent School Fund now owns 41,924 shares of the business services provider’s stock valued at $1,448,000 after purchasing an additional 350 shares during the last quarter. Baskin Financial Services Inc. boosted its holdings in shares of Korn/Ferry International by 0.5% in the 2nd quarter. Baskin Financial Services Inc. now owns 119,817 shares of the business services provider’s stock valued at $4,137,000 after purchasing an additional 620 shares during the last quarter. Finally, Mason Street Advisors LLC boosted its holdings in shares of Korn/Ferry International by 6.1% in the 1st quarter. Mason Street Advisors LLC now owns 13,427 shares of the business services provider’s stock valued at $423,000 after purchasing an additional 774 shares during the last quarter. Institutional investors own 88.92% of the company’s stock.

About Korn/Ferry International

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.

Analyst Recommendations for Korn/Ferry International (NYSE:KFY)

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