Korn/Ferry International (KFY)’s Trend Up, Especially After Today’s 52-Week High Milestone

June 14, 2018 - By Ash

Korn/Ferry International (NYSE:KFY) Logo

Investors sentiment decreased to 1.29 in 2018 Q1. Its down 0.11, from 1.4 in 2017Q4. It turned negative, as 17 investors sold Korn/Ferry International shares while 72 reduced holdings. 50 funds opened positions while 65 raised stakes. 49.22 million shares or 0.58% more from 48.93 million shares in 2017Q4 were reported.
Massmutual Tru Co Fsb Adv invested in 0% or 206 shares. Pnc Finance Services invested 0% of its portfolio in Korn/Ferry International (NYSE:KFY). Ellington Mngmt Gp Lc reported 31,900 shares stake. Impax Asset Limited Liability Co stated it has 332,444 shares or 0.99% of all its holdings. Teacher Retirement System Of Texas holds 11,876 shares or 0% of its portfolio. Legal & General Grp Inc Public Llc holds 0% or 115,564 shares in its portfolio. State Common Retirement Fund stated it has 103,511 shares. 29,350 were reported by Curbstone Fin Mngmt. Alpha Windward Limited Liability Co reported 12,120 shares or 0.39% of all its holdings. State Of Tennessee Treasury Department has 40,371 shares. Thrivent For Lutherans holds 0.01% in Korn/Ferry International (NYSE:KFY) or 38,034 shares. Caprock Gp holds 0.05% or 4,505 shares in its portfolio. Teachers Retirement Of The State Of Kentucky accumulated 16,268 shares. Eagle Asset Management owns 466,751 shares. Ubs Asset Mngmt Americas stated it has 36,249 shares.

Since March 12, 2018, it had 1 insider purchase, and 2 sales for $1.16 million activity. Shares for $100,597 were bought by MARTINEZ ANGEL R.

The stock of Korn/Ferry International (NYSE:KFY) hit a new 52-week high and has $67.32 target or 5.00 % above today’s $64.11 share price. The 9 months bullish chart indicates low risk for the $3.62 billion company. The 1-year high was reported on Jun, 14 by Barchart.com. If the $67.32 price target is reached, the company will be worth $181.20 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 1.07% or $0.68 during the last trading session, reaching $64.11. About 611,786 shares traded or 47.74% up from the average. Korn/Ferry International (NYSE:KFY) has risen 70.92% since June 14, 2017 and is uptrending. It has outperformed by 58.35% the S&P500.

Analysts await Korn/Ferry International (NYSE:KFY) to report earnings on June, 19. They expect $0.70 EPS, up 12.90 % or $0.08 from last year’s $0.62 per share. KFY’s profit will be $39.57M for 22.90 P/E if the $0.70 EPS becomes a reality. After $0.70 actual EPS reported by Korn/Ferry International for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

Korn/Ferry International (NYSE:KFY) Ratings Coverage

Among 3 analysts covering Korn/Ferry International (NYSE:KFY), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Korn/Ferry International had 3 analyst reports since March 6, 2018 according to SRatingsIntel. Goldman Sachs initiated the shares of KFY in report on Tuesday, March 27 with “Buy” rating. As per Tuesday, March 6, the company rating was maintained by Robert W. Baird. SunTrust maintained Korn/Ferry International (NYSE:KFY) rating on Wednesday, March 7. SunTrust has “Buy” rating and $60.0 target.

More notable recent Korn/Ferry International (NYSE:KFY) news were published by: Benzinga.com which released: “38 Biggest Movers From Yesterday” on June 14, 2018, also Seekingalpha.com with their article: “Stocks To Watch: Focus On E3, IHOP/b And The World Cup” published on June 09, 2018, Streetinsider.com published: “Korn/Ferry (KFY) call put ratio 4.3 calls to 1 put with focus on June 60 and 70 calls after reporting better than expected …” on June 13, 2018. More interesting news about Korn/Ferry International (NYSE:KFY) were released by: Benzinga.com and their article: “25 Stocks Moving In Wednesday’s Pre-Market Session” published on June 13, 2018 as well as Benzinga.com‘s news article titled: “Earnings Scheduled For June 13, 2018” with publication date: June 13, 2018.

Korn/Ferry International, together with its subsidiaries, provides talent management solutions worldwide. The company has market cap of $3.62 billion. It operates through three divisions: Executive Search, Hay Group, and Futurestep. It has a 30.56 P/E ratio. The firm 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.

Korn/Ferry International (NYSE:KFY) Institutional Positions Chart

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