Korn Ferry (KFY) Receives $43.80 Average PT from Brokerages

Korn Ferry (NYSE:KFY) has been given a consensus rating of “Hold” by the nine brokerages that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $43.80.

A number of brokerages have recently commented on KFY. ValuEngine raised shares of Korn Ferry from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Robert W. Baird reaffirmed a “hold” rating and set a $45.00 price objective on shares of Korn Ferry in a research report on Thursday, December 7th. Finally, Zacks Investment Research raised shares of Korn Ferry from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research report on Friday, March 9th.

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In related news, Director Debra J. Perry sold 5,520 shares of the stock in a transaction dated 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 transaction, the director now owns 26,452 shares of the company’s stock, valued at $1,349,052. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.01% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the stock. Advisors Preferred LLC acquired a new position in Korn Ferry in the fourth quarter worth about $159,000. LS Investment Advisors LLC raised its position in Korn Ferry by 138.0% in the fourth quarter. LS Investment Advisors LLC now owns 4,658 shares of the business services provider’s stock worth $193,000 after purchasing an additional 2,701 shares in the last quarter. CAPROCK Group Inc. acquired a new position in Korn Ferry in the fourth quarter worth about $208,000. Shelton Capital Management acquired a new position in Korn Ferry in the third quarter worth about $218,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in Korn Ferry in the fourth quarter worth about $237,000. 88.60% of the stock is owned by hedge funds and other institutional investors.

Shares of Korn Ferry (NYSE:KFY) traded up $0.94 on Friday, hitting $51.01. 1,107,866 shares of the stock were exchanged, compared to its average volume of 451,965. The firm has a market capitalization of $2,882.73, a price-to-earnings ratio of 20.08 and a beta of 1.36. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.91 and a quick ratio of 1.94. Korn Ferry has a 1-year low of $29.84 and a 1-year high of $51.34.

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

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

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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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