Korn Ferry (NYSE:KFY) Upgraded to Sell at ValuEngine

ValuEngine upgraded shares of Korn Ferry (NYSE:KFY) from a strong sell rating to a sell rating in a report published on Thursday, ValuEngine reports.

Other research analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Korn Ferry from a hold rating to a sell rating in a research report on Tuesday, June 25th. SunTrust Banks cut their price target on shares of Korn Ferry to $58.00 and set a buy rating on the stock in a research note on Friday, June 21st. Three analysts have rated the stock with a sell rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $49.33.

NYSE:KFY traded down $0.28 during trading hours on Thursday, hitting $38.37. 330,441 shares of the stock were exchanged, compared to its average volume of 425,630. Korn Ferry has a 52-week low of $37.08 and a 52-week high of $68.98. The business’s fifty day simple moving average is $40.51. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.18. The firm has a market cap of $2.22 billion, a P/E ratio of 11.59 and a beta of 1.17.

Korn Ferry (NYSE:KFY) last posted its quarterly earnings results on Thursday, June 20th. The business services provider reported $0.88 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.88. The business had revenue of $490.76 million during the quarter, compared to analyst estimates of $496.76 million. Korn Ferry had a return on equity of 15.68% and a net margin of 5.20%. The business’s revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.80 earnings per share. As a group, sell-side analysts expect that Korn Ferry will post 3.49 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Tuesday, July 2nd were given a dividend of $0.10 per share. The ex-dividend date was Monday, July 1st. This represents a $0.40 annualized dividend and a yield of 1.04%. Korn Ferry’s dividend payout ratio is 12.08%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Acadian Asset Management LLC lifted its stake in Korn Ferry by 13.9% during the 1st quarter. Acadian Asset Management LLC now owns 75,052 shares of the business services provider’s stock valued at $3,361,000 after acquiring an additional 9,147 shares in the last quarter. Parallel Advisors LLC grew its stake in Korn Ferry by 1,403.1% during the 1st quarter. Parallel Advisors LLC now owns 1,969 shares of the business services provider’s stock valued at $88,000 after purchasing an additional 1,838 shares during the last quarter. Federated Investors Inc. PA grew its stake in Korn Ferry by 42.4% during the 1st quarter. Federated Investors Inc. PA now owns 268,545 shares of the business services provider’s stock valued at $12,026,000 after purchasing an additional 80,018 shares during the last quarter. Globeflex Capital L P purchased a new stake in Korn Ferry during the 1st quarter valued at about $880,000. Finally, Marshall Wace LLP grew its stake in Korn Ferry by 2,163.3% during the 1st quarter. Marshall Wace LLP now owns 366,273 shares of the business services provider’s stock valued at $16,401,000 after purchasing an additional 350,090 shares during the last quarter. 89.16% of the stock is owned by institutional investors and hedge funds.

Korn Ferry Company Profile

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.

Recommended Story: Range Trading

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Korn Ferry Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Korn Ferry and related companies with MarketBeat.com's FREE daily email newsletter.