Korn/Ferry International (KFY) Sets New 52-Week High at $42.35

Korn/Ferry International (NYSE:KFY) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $42.35 and last traded at $41.73, with a volume of 186300 shares. The stock had previously closed at $41.25.

KFY has been the topic of a number of analyst reports. SunTrust Banks, Inc. upped their price objective on Korn/Ferry International from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday, September 7th. Deutsche Bank AG upped their price objective on Korn/Ferry International from $34.00 to $40.00 and gave the stock a “hold” rating in a research note on Thursday, September 7th. Zacks Investment Research raised Korn/Ferry International from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a report on Wednesday, October 11th. BidaskClub lowered Korn/Ferry International from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Finally, Robert W. Baird reissued a “hold” rating and set a $37.00 target price on shares of Korn/Ferry International in a report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. Korn/Ferry International has an average rating of “Hold” and a consensus price target of $41.80.

The company has a debt-to-equity ratio of 0.20, a current ratio of 2.13 and a quick ratio of 2.13. The company has a market capitalization of $2,396.41, a price-to-earnings ratio of 18.52 and a beta of 1.34.

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

In other Korn/Ferry International news, Director Jerry Leamon sold 8,000 shares of the company’s stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $40.06, for a total value of $320,480.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Gary D. Burnison sold 50,000 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $40.02, for a total value of $2,001,000.00. Following the completion of the transaction, the chief executive officer now directly owns 198,700 shares in the company, valued at $7,951,974. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 70,000 shares of company stock worth $2,801,960. Insiders own 1.01% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of KFY. Bank of Montreal Can grew its holdings in 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 buying an additional 52 shares in the last quarter. Riverhead Capital Management LLC grew its holdings in Korn/Ferry International by 80.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,430 shares of the business services provider’s stock valued at $118,000 after buying an additional 1,530 shares in the last quarter. SG Americas Securities LLC grew its holdings in Korn/Ferry International by 26.7% in the 2nd quarter. SG Americas Securities LLC now owns 4,161 shares of the business services provider’s stock valued at $144,000 after buying an additional 878 shares in the last quarter. OLD National Bancorp IN acquired a new position in Korn/Ferry International in the 3rd quarter valued at $208,000. Finally, First Quadrant L P CA acquired a new position in Korn/Ferry International in the 3rd quarter valued at $212,000. 85.87% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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