Korn/Ferry International (NYSE:KFY) Upgraded to "Buy" at Wall Street Zen

Key Points

• Wall Street Zen upgraded Korn/Ferry International from “hold” to “buy.” Other analysts have also raised price targets, giving the stock a consensus “Moderate Buy” rating and an average target of $78.50.
• Korn/Ferry reported quarterly earnings of $1.40 per share, exceeding estimates of $1.37, while revenue rose 6.7% year over year to $768.26 million.
• The stock opened at $85.30, near its 52-week high of $87.51, and institutional investors own a substantial 98.82% of outstanding shares.

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

A number of other equities analysts have also recently issued reports on the company. Truist Financial increased their target price on Korn/Ferry International from $75.00 to $80.00 and gave the stock a "buy" rating in a report on Tuesday, June 9th. Robert W. Baird boosted their price target on Korn/Ferry International from $84.00 to $85.00 and gave the company an "outperform" rating in a research note on Wednesday, June 24th. UBS Group upped their price target on Korn/Ferry International from $70.00 to $75.00 and gave the company a "neutral" rating in a research report on Wednesday, June 24th. Finally, Weiss Ratings raised Korn/Ferry International from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday, June 23rd. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $78.50.

Korn/Ferry International Price Performance

NYSE:KFY opened at $85.30 on Friday. The company has a 50-day moving average of $79.90 and a 200-day moving average of $70.70. The company has a market capitalization of $4.38 billion, a price-to-earnings ratio of 16.28 and a beta of 1.19. Korn/Ferry International has a 52 week low of $58.95 and a 52 week high of $87.51. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.94 and a current ratio of 1.94.

Korn/Ferry International (NYSE:KFY - Get Free Report) last posted its earnings results on Tuesday, June 23rd. The business services provider reported $1.40 earnings per share for the quarter, beating analysts' consensus estimates of $1.37 by $0.03. Korn/Ferry International had a net margin of 9.44% and a return on equity of 14.34%. The business had revenue of $768.26 million for the quarter, compared to analysts' expectations of $743.35 million. During the same quarter in the previous year, the firm posted $1.32 earnings per share. The firm's revenue for the quarter was up 6.7% on a year-over-year basis. Korn/Ferry International has set its Q1 2027 guidance at 1.320-1.380 EPS. As a group, equities research analysts anticipate that Korn/Ferry International will post 5.75 earnings per share for the current fiscal year.

Institutional Trading of Korn/Ferry International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System grew its holdings in Korn/Ferry International by 24.5% during the 1st quarter. California State Teachers Retirement System now owns 61,713 shares of the business services provider's stock worth $3,885,000 after acquiring an additional 12,147 shares during the period. Moran Wealth Management LLC bought a new stake in Korn/Ferry International in the first quarter valued at about $2,128,000. Sei Investments Co. increased its holdings in Korn/Ferry International by 40.8% in the first quarter. Sei Investments Co. now owns 184,104 shares of the business services provider's stock valued at $11,589,000 after purchasing an additional 53,393 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Korn/Ferry International by 10.1% in the first quarter. Principal Financial Group Inc. now owns 328,723 shares of the business services provider's stock valued at $20,693,000 after buying an additional 30,163 shares during the period. Finally, First Trust Advisors LP lifted its stake in Korn/Ferry International by 31.6% in the first quarter. First Trust Advisors LP now owns 146,915 shares of the business services provider's stock valued at $9,248,000 after buying an additional 35,239 shares during the period. 98.82% of the stock is currently 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.

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