Korn/Ferry International (NYSE:KFY) Announces Quarterly Earnings Results

Korn/Ferry International (NYSE:KFY) released its earnings results on Tuesday. The business services provider reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03, FiscalAI reports. Korn/Ferry International had a return on equity of 14.36% and a net margin of 9.29%.The company had revenue of $768.26 million for the quarter, compared to the consensus estimate of $743.35 million.

Korn/Ferry International Stock Performance

KFY stock opened at $67.72 on Tuesday. Korn/Ferry International has a 1 year low of $58.95 and a 1 year high of $78.50. The stock has a market capitalization of $3.51 billion, a price-to-earnings ratio of 13.38 and a beta of 1.21. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.01 and a current ratio of 2.01. The stock’s fifty day moving average is $67.98 and its two-hundred day moving average is $66.13.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Weiss Ratings upgraded Korn/Ferry International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, June 1st. Wall Street Zen upgraded shares of Korn/Ferry International from a “hold” rating to a “buy” rating in a research note on Sunday, March 1st. Truist Financial increased their target price on shares of Korn/Ferry International from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, June 9th. Finally, UBS Group raised their price target on shares of Korn/Ferry International from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, April 9th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $74.67.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of KFY. Wellington Management Group LLP grew its position in Korn/Ferry International by 48.3% in the 3rd quarter. Wellington Management Group LLP now owns 3,475,576 shares of the business services provider’s stock valued at $243,221,000 after buying an additional 1,132,473 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Korn/Ferry International by 1.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,880,716 shares of the business services provider’s stock valued at $190,188,000 after acquiring an additional 37,499 shares during the period. State Street Corp raised its holdings in Korn/Ferry International by 1.6% during the fourth quarter. State Street Corp now owns 2,000,452 shares of the business services provider’s stock worth $132,933,000 after purchasing an additional 31,175 shares in the last quarter. Invesco Ltd. lifted its position in Korn/Ferry International by 1.1% in the third quarter. Invesco Ltd. now owns 1,493,922 shares of the business services provider’s stock worth $104,545,000 after purchasing an additional 16,519 shares during the period. Finally, Morgan Stanley boosted its stake in Korn/Ferry International by 12.7% during the 4th quarter. Morgan Stanley now owns 933,946 shares of the business services provider’s stock valued at $61,659,000 after purchasing an additional 104,898 shares in the last quarter. 98.82% of the stock is owned by institutional investors and hedge funds.

Korn/Ferry International Company Profile

Korn Ferry International is a global organizational consulting firm that partners with clients to design optimal structures, roles and responsibilities. The company’s core offerings include executive search, talent acquisition, leadership development and succession planning. By blending deep industry expertise with data-driven insights, Korn Ferry helps organizations identify, assess and develop executives and high-potential talent for critical roles.

Since its founding in 1969 and with headquarters in Los Angeles, Korn Ferry has expanded its presence to more than 50 offices across North America, Europe, Asia Pacific and Latin America.