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

Korn Ferry (NYSE:KFY) has earned a consensus rating of “Hold” from the seven research firms that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, one has given a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $61.00.

A number of equities analysts recently commented on the company. Zacks Investment Research cut Korn Ferry from a “buy” rating to a “hold” rating in a report on Wednesday, February 6th. ValuEngine cut Korn Ferry from a “hold” rating to a “sell” rating in a report on Friday. William Blair restated an “outperform” rating on shares of Korn Ferry in a report on Friday, March 8th. SunTrust Banks lowered their target price on Korn Ferry to $63.00 and set a “buy” rating for the company in a report on Friday, December 7th. Finally, TheStreet upgraded Korn Ferry from a “c” rating to a “b” rating in a report on Friday, December 7th.

Shares of NYSE:KFY traded down $0.03 during midday trading on Friday, reaching $44.78. 493,700 shares of the company’s stock were exchanged, compared to its average volume of 320,838. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $2.51 billion, a price-to-earnings ratio of 16.46 and a beta of 1.31. Korn Ferry has a fifty-two week low of $37.38 and a fifty-two week high of $68.98.

Korn Ferry (NYSE:KFY) last issued its quarterly earnings data on Thursday, March 7th. The business services provider reported $0.81 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.81. The firm had revenue of $474.50 million during the quarter, compared to the consensus estimate of $481.98 million. Korn Ferry had a return on equity of 15.42% and a net margin of 4.77%. During the same period last year, the company earned $0.70 EPS. As a group, equities research analysts predict that Korn Ferry will post 3.34 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Tuesday, March 26th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend is Monday, March 25th. Korn Ferry’s dividend payout ratio (DPR) is 14.71%.

A number of institutional investors have recently made changes to their positions in KFY. BlackRock Inc. boosted its stake in shares of Korn Ferry by 4.5% in the 3rd quarter. BlackRock Inc. now owns 8,581,024 shares of the business services provider’s stock valued at $422,529,000 after buying an additional 372,742 shares during the period. Vanguard Group Inc. increased its position in Korn Ferry by 6.6% during the third quarter. Vanguard Group Inc. now owns 5,881,865 shares of the business services provider’s stock worth $289,622,000 after buying an additional 364,435 shares during the period. Vanguard Group Inc increased its position in Korn Ferry by 6.6% during the third quarter. Vanguard Group Inc now owns 5,881,865 shares of the business services provider’s stock worth $289,622,000 after buying an additional 364,435 shares during the period. Bank of New York Mellon Corp increased its position in Korn Ferry by 3.3% during the third quarter. Bank of New York Mellon Corp now owns 1,474,428 shares of the business services provider’s stock worth $72,600,000 after buying an additional 47,219 shares during the period. Finally, Jennison Associates LLC increased its position in Korn Ferry by 6.4% during the fourth quarter. Jennison Associates LLC now owns 1,166,508 shares of the business services provider’s stock worth $46,124,000 after buying an additional 70,210 shares during the period. Institutional investors own 91.31% of the company’s stock.

Korn Ferry Company Profile

Korn/Ferry International engages in the provision of global organizational consulting firm. It operates through the following segments: Executive Search, Hay Group, Futurestep, and Corporate. The Executive Search segment helps clients attract and hire leaders who fit in with their organization, and make it stand out.

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