Korn/Ferry International (KFY) Forms Double Top Chart Pattern; Strong Momentum for Buyers Coming

September 8, 2018 - By Jason Dias

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 is 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.
Moreover, Quantbot Technology Limited Partnership has 0.01% invested in Korn/Ferry International (NYSE:KFY) for 1,713 shares. Pub Sector Pension Investment Board invested 0.01% in Korn/Ferry International (NYSE:KFY). 136,839 were accumulated by Rhumbline Advisers. Great West Life Assurance Co Can stated it has 74,494 shares or 0.01% of all its holdings. Moreover, Hays Advisory Lc has 1.04% invested in Korn/Ferry International (NYSE:KFY). Everence Capital Management Inc holds 0.05% in Korn/Ferry International (NYSE:KFY) or 4,520 shares. State Board Of Administration Of Florida Retirement System holds 0.01% or 42,483 shares. Los Angeles Capital Mgmt & Equity Research holds 0% or 10,860 shares. California State Teachers Retirement invested in 80,131 shares. State Of Tennessee Treasury Department reported 0.01% stake. Driehaus Capital Mngmt Limited Com has invested 0.03% in Korn/Ferry International (NYSE:KFY). Schwab Charles Invest stated it has 358,233 shares or 0.01% of all its holdings. The Pennsylvania-based Ajo Lp has invested 0.16% in Korn/Ferry International (NYSE:KFY). Art Advsr has 29,094 shares for 0.06% of their portfolio. Zeke Cap Advisors holds 0.02% in Korn/Ferry International (NYSE:KFY) or 3,885 shares.

Since March 12, 2018, it had 1 insider buy, and 8 selling transactions for $5.88 million activity. Shares for $123,923 were sold by ROZEK ROBERT P. MARTINEZ ANGEL R bought $100,597 worth of Korn/Ferry International (NYSE:KFY) on Friday, March 23. 20,000 shares were sold by BURNISON GARY D, worth $1.27 million. The insider PERRY DEBRA J sold 5,520 shares worth $281,520.

The chart of Korn/Ferry International (KFY) shows a double top with $50.93 target or 4.00 % above today’s $48.97 share price. The 8 months chart pattern indicates low risk for the $2.81 billion company. It was reported on Sep, 8 by Finviz.com. If the $50.93 price target is reached, the company will be worth $112.48 million more. Double tops are rare but powerful chart patterns.

The stock decreased 23.45% or $15 during the last trading session, reaching $48.97. About 4.57 million shares traded or 707.45% up from the average. Korn/Ferry International (NYSE:KFY) has risen 70.92% since September 8, 2017 and is uptrending. It has outperformed by 58.35% the S&P500.

Korn/Ferry International (NYSE:KFY) Ratings Coverage

Among 2 analysts covering Korn/Ferry International (NYSE:KFY), 1 have Buy rating, 1 Sell and 0 Hold. Therefore 50% are positive. Korn/Ferry International had 2 analyst reports since March 27, 2018 according to SRatingsIntel. Goldman Sachs initiated Korn/Ferry International (NYSE:KFY) on Tuesday, March 27 with “Buy” rating.

More important recent Korn/Ferry International (NYSE:KFY) news were published by: Benzinga.com which released: “Mid-Afternoon Market Update: Okta Gains After Strong Q2 Results; eGain Shares Plummet” on September 07, 2018, also Benzinga.com published article titled: “44 Stocks Moving In Friday’s Mid-Day Session”, Fool.com published: “Why Korn/Ferry International Stock Just Dropped 21%” on September 07, 2018. More interesting news about Korn/Ferry International (NYSE:KFY) was released by: Benzinga.com and their article: “Mid-Day Market Update: Dow Falls 150 Points; Dicerna Pharmaceuticals Shares Spike Higher” with publication date: September 07, 2018.

Korn/Ferry International, together with its subsidiaries, provides talent management solutions worldwide. The company has market cap of $2.81 billion. It operates through three divisions: Executive Search, Hay Group, and Futurestep. It has a 42.29 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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