Korn/Ferry International (NYSE:KFY) Lowered to Hold Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded Korn/Ferry International from “buy” to “hold,” though the broader analyst consensus remains “Moderate Buy” with a $80.25 price target.
• Korn Ferry recently exceeded quarterly expectations, reporting $1.43 in EPS versus the $1.36 estimate and $764.62 million in revenue, up 6.9% year over year.
• Institutional investors own 98.82% of the company, while the stock opened at $77.74 and has traded between $58.95 and $87.51 over the past year.

Korn/Ferry International (NYSE:KFY - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Sunday, Wall Street Zen reports.

KFY has been the subject of several other reports. Robert W. Baird lifted their price target on Korn/Ferry International from $84.00 to $85.00 and gave the company an "outperform" rating in a report on Wednesday, June 24th. Truist Financial increased their price objective on Korn/Ferry International from $75.00 to $80.00 and gave the stock a "buy" rating in a report on Tuesday, June 9th. UBS Group lifted their target price on shares of Korn/Ferry International from $75.00 to $82.00 and gave the company a "neutral" rating in a research note on Thursday. Finally, Weiss Ratings raised shares of Korn/Ferry International from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, June 23rd. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Korn/Ferry International currently has an average rating of "Moderate Buy" and a consensus price target of $80.25.

Korn/Ferry International Stock Performance

Shares of NYSE KFY opened at $77.74 on Friday. The stock has a 50 day simple moving average of $81.10 and a 200-day simple moving average of $71.35. The company has a current ratio of 2.37, a quick ratio of 1.94 and a debt-to-equity ratio of 0.20. Korn/Ferry International has a 12-month low of $58.95 and a 12-month high of $87.51. The company has a market cap of $4.24 billion, a PE ratio of 14.67 and a beta of 1.19.

Korn/Ferry International (NYSE:KFY - Get Free Report) last posted its quarterly earnings results on Wednesday, September 9th. The business services provider reported $1.43 earnings per share for the quarter, topping analysts' consensus estimates of $1.36 by $0.07. Korn/Ferry International had a net margin of 9.36% and a return on equity of 14.43%. The business had revenue of $764.62 million for the quarter, compared to the consensus estimate of $737.66 million. During the same period in the prior year, the business posted $1.26 earnings per share. Korn/Ferry International's revenue for the quarter 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. On average, equities research analysts forecast that Korn/Ferry International will post 5.63 EPS for the current year.

Hedge Funds Weigh In On Korn/Ferry International

Large investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System raised its stake in shares of Korn/Ferry International by 6,374.4% in the 2nd quarter. California State Teachers Retirement System now owns 3,995,532 shares of the business services provider's stock valued at $266,023,000 after buying an additional 3,933,819 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Korn/Ferry International by 48.3% during 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 acquiring an additional 1,132,473 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in Korn/Ferry International in the second quarter valued at about $43,812,000. Norges Bank bought a new stake in Korn/Ferry International in the fourth quarter valued at about $43,163,000. Finally, Adage Capital Partners GP L.L.C. acquired a new position in Korn/Ferry International in the second quarter worth about $32,559,000. Institutional investors and hedge funds own 98.82% of the company's stock.

About Korn/Ferry International

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.

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