Korn Ferry (NYSE:KFY) Downgraded by ValuEngine

ValuEngine lowered shares of Korn Ferry (NYSE:KFY) from a sell rating to a strong sell rating in a report issued on Monday morning, ValuEngine reports.

KFY has been the subject of several other reports. Zacks Investment Research upgraded FirstService from a strong sell rating to a hold rating and set a $110.00 price target for the company in a research report on Tuesday, June 25th. SunTrust Banks lowered their price target on Carnival to $65.00 and set a buy rating for the company in a research report on Friday, June 21st. Three research analysts have rated the stock with a sell rating and two have assigned a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $49.33.

Shares of NYSE:KFY traded down $0.58 during midday trading on Monday, hitting $38.62. The company had a trading volume of 411,434 shares, compared to its average volume of 332,862. Korn Ferry has a twelve month low of $37.08 and a twelve month high of $68.98. 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 stock has a market capitalization of $2.18 billion, a PE ratio of 11.66 and a beta of 1.17. The firm’s 50-day moving average is $42.93.



Korn Ferry (NYSE:KFY) last issued its quarterly earnings data on Thursday, June 20th. The business services provider reported $0.88 earnings per share for the quarter, hitting the consensus estimate of $0.88. The company 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 firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.80 earnings per share. As a group, equities research analysts expect that Korn Ferry will post 3.49 earnings per share for the current fiscal year.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Trust Advisors LP raised its stake in Korn Ferry by 42.9% in the first quarter. First Trust Advisors LP now owns 47,934 shares of the business services provider’s stock valued at $2,146,000 after buying an additional 14,393 shares in the last quarter. Marshall Wace North America L.P. increased its position in shares of Korn Ferry by 482.9% during the first quarter. Marshall Wace North America L.P. now owns 50,383 shares of the business services provider’s stock worth $2,257,000 after purchasing an additional 41,740 shares in the last quarter. Marshall Wace LLP increased its position in shares of Korn Ferry by 2,163.3% during the first quarter. Marshall Wace LLP now owns 366,273 shares of the business services provider’s stock worth $16,401,000 after purchasing an additional 350,090 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of Korn Ferry by 14.5% during the first quarter. Advisors Asset Management Inc. now owns 3,090 shares of the business services provider’s stock worth $138,000 after purchasing an additional 392 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its position in shares of Korn Ferry by 33.4% during the first quarter. Jacobs Levy Equity Management Inc. now owns 201,113 shares of the business services provider’s stock worth $9,006,000 after purchasing an additional 50,354 shares in the last quarter. Institutional investors and hedge funds own 90.21% of the company’s stock.

About Korn Ferry

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.

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