Korn Ferry (NYSE:KFY) Downgraded to Buy Rating by Wall Street Zen

Korn Ferry (NYSE:KFY - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research report issued on Saturday.

KFY has been the topic of several other research reports. Truist Financial decreased their price target on Korn Ferry from $84.00 to $80.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. UBS Group cut their price target on Korn Ferry from $75.00 to $74.00 and set a "neutral" rating for the company in a report on Tuesday, May 27th.

Korn Ferry Stock Up 1.0%

NYSE:KFY opened at $69.88 on Friday. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.22. The stock's fifty day moving average is $65.07 and its two-hundred day moving average is $67.69. Korn Ferry has a 52 week low of $59.23 and a 52 week high of $80.64. The stock has a market capitalization of $3.60 billion, a price-to-earnings ratio of 14.93 and a beta of 1.42.

Korn Ferry (NYSE:KFY - Get Free Report) last posted its quarterly earnings results on Tuesday, March 11th. The business services provider reported $1.19 earnings per share for the quarter, beating analysts' consensus estimates of $1.13 by $0.06. Korn Ferry had a return on equity of 14.27% and a net margin of 9.03%. The company had revenue of $676.50 million for the quarter, compared to analysts' expectations of $650.45 million. During the same period last year, the firm earned $1.07 earnings per share. Korn Ferry's quarterly revenue was down .1% on a year-over-year basis. Research analysts anticipate that Korn Ferry will post 4.75 EPS for the current year.

Institutional Investors Weigh In On Korn Ferry

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Versant Capital Management Inc lifted its position in shares of Korn Ferry by 75.9% in the first quarter. Versant Capital Management Inc now owns 517 shares of the business services provider's stock worth $35,000 after purchasing an additional 223 shares in the last quarter. CX Institutional acquired a new position in Korn Ferry during the first quarter valued at approximately $39,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Korn Ferry in the first quarter worth $62,000. Wealthfront Advisers LLC acquired a new stake in shares of Korn Ferry in the fourth quarter worth $76,000. Finally, Smartleaf Asset Management LLC lifted its position in Korn Ferry by 230.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,381 shares of the business services provider's stock worth $93,000 after purchasing an additional 963 shares during the period. 98.82% of the stock is owned by institutional investors and hedge funds.

Korn Ferry Company Profile

Korn Ferry, together with its subsidiaries, provides organizational consulting services worldwide. It operates through four segments: Consulting, Digital, Executive Search, and Recruitment Process Outsourcing (RPO) & Professional Search. The company provides executive search services to recruit board level, chief executive, other senior executive, and general management talent of organizations.

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