Wall Street Zen Downgrades Korn/Ferry International (NYSE:KFY) to Hold

Korn/Ferry International (NYSE:KFY) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Sunday, Wall Street Zen reports.

A number of other analysts have also commented on KFY. UBS Group lifted their target price on shares of Korn/Ferry International from $75.00 to $82.00 and gave the stock a “neutral” rating in a report on Thursday, September 10th. Truist Financial increased their price target on Korn/Ferry International from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, June 9th. Weiss Ratings upgraded Korn/Ferry International from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, June 23rd. Finally, Robert W. Baird lifted their price objective on Korn/Ferry International from $84.00 to $85.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 24th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $80.25.

Korn/Ferry International Price Performance

Korn/Ferry International stock opened at $78.20 on Friday. The business’s 50-day simple moving average is $81.24 and its 200 day simple moving average is $71.57. The stock has a market cap of $4.27 billion, a price-to-earnings ratio of 14.75 and a beta of 1.19. Korn/Ferry International has a 12-month low of $58.95 and a 12-month high of $87.51. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 0.20.

Korn/Ferry International (NYSE:KFY) last announced its quarterly earnings data on Wednesday, September 9th. The business services provider reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.07. Korn/Ferry International had a return on equity of 14.43% and a net margin of 9.36%.The firm had revenue of $764.62 million during the quarter, compared to analysts’ expectations of $737.66 million. During the same period in the previous year, the business posted $1.26 EPS. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. Korn/Ferry International has set its Q2 2027 guidance at 1.300-1.400 EPS. As a group, research analysts anticipate that Korn/Ferry International will post 5.63 earnings per share for the current year.

Institutional Trading of Korn/Ferry International

Hedge funds have recently added to or reduced their stakes in the business. IFP Advisors Inc raised its position in Korn/Ferry International by 69.4% in the 4th quarter. IFP Advisors Inc now owns 503 shares of the business services provider’s stock valued at $33,000 after buying an additional 206 shares during the last quarter. Clearstead Advisors LLC boosted its position in Korn/Ferry International by 30,350.0% during the 4th quarter. Clearstead Advisors LLC now owns 609 shares of the business services provider’s stock worth $40,000 after acquiring an additional 607 shares during the last quarter. AdvisorNet Financial Inc grew its stake in shares of Korn/Ferry International by 528.0% during the 1st quarter. AdvisorNet Financial Inc now owns 1,011 shares of the business services provider’s stock worth $64,000 after acquiring an additional 850 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in shares of Korn/Ferry International during the 2nd quarter worth approximately $64,000. Finally, Caitong International Asset Management Co. Ltd raised its holdings in shares of Korn/Ferry International by 208.9% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,186 shares of the business services provider’s stock valued at $78,000 after purchasing an additional 802 shares during the last quarter. Institutional investors and hedge funds own 98.82% of the company’s stock.

Korn/Ferry International Company Profile

Korn/Ferry International, doing business as Korn Ferry, is a global organizational consulting and talent advisory firm. The company helps organizations align their people, leadership and business strategies to improve performance and address workforce-related challenges.

Korn Ferry’s services include executive search, professional-level recruitment, recruitment process outsourcing, leadership assessment and development, succession planning, organizational strategy and culture consulting, and broader talent management solutions.