Baird Downgrades Korn/Ferry International to Neutral

Brokerage firm Baird Downgrades its rating on Korn/Ferry International(NYSE:KFY). The shares have been rated Neutral. The rating by Baird was issued on Jun 16, 2016.

Korn/Ferry International (KFY) shares turned negative on Tuesdays trading session with the shares closing down -0.18 points or -0.80% at a volume of 10,99,090. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $22.5. The peak price level was also seen at $22.5 while the days lowest was $22. Finally the shares closed at $22.27. The 52-week high of the shares is $38.93 while the 52-week low is $21.92. According to the latest information available, the market cap of the company is $1,276 M.

Korn/Ferry International(KFY) last announced its earnings results on Jun 15, 2016 for Fiscal Year 2016 and Q4.Company reported revenue of $417.16M. Analysts had an estimated revenue of $388.34M. Earnings per share were $0.58. Analysts had estimated an EPS of $0.54.

Several Insider Transactions has been reported to the SEC. On Dec 18, 2015, Harry L. You (director) sold 4,000 shares at $34.63 per share price.Also, On Jun 19, 2015, Robert P Rozek (EVP and CFO) sold 2,969 shares at $35.10 per share price.

Korn/Ferry International offers leadership and talent consulting services. The Company provides executive recruitment leadership development enterprise learning succession planning and recruitment process outsourcing. Its business segments include Executive Recruitment Leadership & Talent Consulting (LTC) and Professional Search and Recruitment Process Outsourcing (Futurestep). Its executive recruitment services are used to fill executive-level positions such as board directors chief executive officers chief financial officers chief operating officers chief information officers and other senior executive officers. Its strategic management assessment and executive coaching and development services are consolidated under the LTC segment. Its subsidiary Futurestep offers talent acquisition solutions including recruitment process outsourcing project recruitment professional search talent consulting and talent communications. It operates in around 37 countries.

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