Korn/Ferry International (KFY) Price Target Raised to $72.00 at SunTrust Banks

Korn/Ferry International (NYSE:KFY) had its price target lifted by investment analysts at SunTrust Banks to $72.00 in a research note issued on Thursday, The Fly reports. The firm currently has a “buy” rating on the business services provider’s stock. SunTrust Banks’ target price would suggest a potential upside of 12.43% from the stock’s current price.

A number of other equities analysts have also recently issued reports on KFY. Sidoti upped their price objective on Korn/Ferry International from $65.00 to $80.00 in a report on Thursday. Zacks Investment Research cut Korn/Ferry International from a “buy” rating to a “hold” rating in a report on Thursday, May 31st. Finally, Goldman Sachs Group began coverage on Korn/Ferry International in a report on Tuesday, March 27th. They issued a “buy” rating for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. Korn/Ferry International currently has a consensus rating of “Hold” and a consensus target price of $57.20.

Shares of Korn/Ferry International traded up $0.61, reaching $64.04, during midday trading on Thursday, according to Marketbeat Ratings. The stock had a trading volume of 6,981 shares, compared to its average volume of 397,318. Korn/Ferry International has a 12-month low of $31.53 and a 12-month high of $68.34. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $3.22 billion, a P/E ratio of 28.59 and a beta of 1.21.

Korn/Ferry International (NYSE:KFY) last posted its quarterly earnings data on Wednesday, June 13th. The business services provider reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.10. Korn/Ferry International had a return on equity of 12.72% and a net margin of 6.83%. The firm had revenue of $475.36 million during the quarter, compared to analysts’ expectations of $454.37 million. During the same period in the prior year, the business earned $0.62 EPS. The company’s revenue for the quarter was up 17.1% compared to the same quarter last year. equities research analysts predict that Korn/Ferry International will post 2.63 EPS for the current year.

In related news, Director Angel R. Martinez bought 2,000 shares of the stock in a transaction dated Friday, March 23rd. The stock was bought at an average price of $50.30 per share, with a total value of $100,600.00. Following the purchase, the director now owns 5,030 shares in the company, valued at approximately $253,009. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Debra J. Perry sold 5,520 shares of the business’s 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 sale, the director now directly owns 26,452 shares of the company’s stock, valued at approximately $1,349,052. The disclosure for this sale can be found here. 1.01% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KFY. Schwab Charles Investment Management Inc. lifted its stake in shares of Korn/Ferry International by 1.4% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 348,934 shares of the business services provider’s stock valued at $14,439,000 after acquiring an additional 4,939 shares during the last quarter. LSV Asset Management lifted its stake in shares of Korn/Ferry International by 32.1% in the 4th quarter. LSV Asset Management now owns 17,300 shares of the business services provider’s stock valued at $715,000 after acquiring an additional 4,200 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in shares of Korn/Ferry International in the 4th quarter valued at about $780,000. Swiss National Bank lifted its stake in shares of Korn/Ferry International by 3.0% in the 4th quarter. Swiss National Bank now owns 93,500 shares of the business services provider’s stock valued at $3,869,000 after acquiring an additional 2,700 shares during the last quarter. Finally, KBC Group NV bought a new stake in shares of Korn/Ferry International in the 4th quarter valued at about $654,000. 90.33% of the stock is owned by institutional investors.

About Korn/Ferry International

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.

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