Is Buying 52-Week Stock Like Korn/Ferry International (KFY) a Winning Strategy?

June 14, 2018 - By Mona Holcomb

Korn/Ferry International (NYSE:KFY) Logo

Investors sentiment decreased to 1.29 in Q1 2018. Its down 0.11, from 1.4 in 2017Q4. It worsened, 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.
Citigroup has invested 0% of its portfolio in Korn/Ferry International (NYSE:KFY). Ingalls Snyder Lc has 0.06% invested in Korn/Ferry International (NYSE:KFY). Teacher Retirement Of Texas reported 0% of its portfolio in Korn/Ferry International (NYSE:KFY). Ny State Teachers Retirement System holds 0.02% or 119,444 shares. Bessemer Group Inc Inc reported 312 shares or 0% of all its holdings. Schwab Charles Invest Mngmt reported 358,233 shares or 0.01% of all its holdings. Amundi Pioneer Asset Mgmt invested in 45,037 shares or 0% of the stock. Driehaus Capital Mgmt Limited Liability reported 0.03% stake. Basswood Mgmt Ltd holds 0.1% in Korn/Ferry International (NYSE:KFY) or 42,870 shares. 377,442 are owned by Goldman Sachs Gp. Ls Investment Advsrs Limited holds 0.01% of its portfolio in Korn/Ferry International (NYSE:KFY) for 4,553 shares. Jacobs Levy Equity Management Incorporated holds 82,210 shares or 0.07% of its portfolio. Teachers Retirement Of The State Of Kentucky holds 0.01% or 16,268 shares in its portfolio. National Bank & Trust Of New York Mellon Corp owns 0.02% invested in Korn/Ferry International (NYSE:KFY) for 1.60M shares. 38,034 were accumulated by Thrivent For Lutherans.

Since March 12, 2018, it had 1 buy, and 2 sales for $1.16 million activity. 2,000 Korn/Ferry International (NYSE:KFY) shares with value of $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 earnings per share, up 12.90 % or $0.08 from last year’s $0.62 per share. KFY’s profit will be $39.57 million for 22.90 P/E if the $0.70 EPS becomes a reality. After $0.70 actual earnings per share 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. The company was maintained on Wednesday, March 7 by SunTrust. Goldman Sachs initiated Korn/Ferry International (NYSE:KFY) rating on Tuesday, March 27. Goldman Sachs has “Buy” rating and $5900 target. The rating was maintained by Robert W. Baird with “Hold” on Tuesday, March 6.

More notable recent Korn/Ferry International (NYSE:KFY) news were published by: Benzinga.com which released: “25 Stocks Moving In Wednesday’s Pre-Market Session” on June 13, 2018, also Streetinsider.com with their article: “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 …” published on June 13, 2018, Nasdaq.com published: “Mid-Day Market Update: Pivotal Software Gains Following Q1 Results; Flex Pharma Shares Slide” on June 13, 2018. More interesting news about Korn/Ferry International (NYSE:KFY) were released by: Benzinga.com and their article: “38 Biggest Movers From Yesterday” published on June 14, 2018 as well as Seekingalpha.com‘s news article titled: “Stocks To Watch: Focus On E3, IHOP/b And The World Cup” with publication date: June 09, 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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