Zacks Investment Research downgraded shares of Korn Ferry (NYSE:KFY) from a hold rating to a sell rating in a report released on Tuesday morning, Zacks.com reports.

According to Zacks, “Korn/Ferry International is the world’s leading and largest executive recruitment firm with the broadest global presence in the executive recruitment industry. KFY provides executive recruitment services exclusively on a retained basis and serve the global recruitment needs of our clients from middle to executive management. KFY’s clients are many of the world’s largest and most prestigious public and private companies, middle-market and emerging growth companies as well as governmental and not-for-profit organizations. “

A number of other equities research analysts have also commented on the company. ValuEngine upgraded Korn Ferry from a sell rating to a hold rating in a research report on Friday, January 3rd. Sidoti decreased their price target on Korn Ferry from $63.00 to $58.00 and set a buy rating on the stock in a research report on Friday, December 6th. Finally, Robert W. Baird decreased their price target on Korn Ferry from $42.00 to $40.00 and set a neutral rating on the stock in a research report on Friday, December 6th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of Hold and an average price target of $48.20.

Shares of KFY stock traded down $0.39 during trading hours on Tuesday, hitting $41.59. The company had a trading volume of 5,021 shares, compared to its average volume of 319,875. Korn Ferry has a 12 month low of $34.35 and a 12 month high of $49.54. The firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of 12.90 and a beta of 1.15. The firm’s fifty day moving average is $42.32 and its 200 day moving average is $39.39. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.33 and a current ratio of 2.33.

Korn Ferry (NYSE:KFY) last released its quarterly earnings data on Thursday, December 5th. The business services provider reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.01. The company had revenue of $492.40 million for the quarter, compared to analyst estimates of $494.92 million. Korn Ferry had a return on equity of 14.73% and a net margin of 9.10%. The company’s revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.85 EPS. On average, sell-side analysts expect that Korn Ferry will post 3.12 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, December 20th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.96%. The ex-dividend date was Thursday, December 19th. Korn Ferry’s dividend payout ratio is 12.08%.

Large investors have recently bought and sold shares of the business. BlackRock Inc. lifted its stake in shares of Korn Ferry by 0.9% in the 2nd quarter. BlackRock Inc. now owns 8,688,818 shares of the business services provider’s stock valued at $348,161,000 after purchasing an additional 74,062 shares during the period. State of New Jersey Common Pension Fund D acquired a new position in shares of Korn Ferry in the 3rd quarter valued at $2,546,000. Alberta Investment Management Corp lifted its stake in shares of Korn Ferry by 58.4% in the 3rd quarter. Alberta Investment Management Corp now owns 66,237 shares of the business services provider’s stock valued at $2,559,000 after purchasing an additional 24,426 shares during the period. Meeder Asset Management Inc. acquired a new position in shares of Korn Ferry in the 3rd quarter valued at $68,000. Finally, Paradice Investment Management LLC lifted its stake in shares of Korn Ferry by 18.0% in the 3rd quarter. Paradice Investment Management LLC now owns 160,250 shares of the business services provider’s stock valued at $6,192,000 after purchasing an additional 24,426 shares during the period. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

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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