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

Korn/Ferry International (NYSE:KFY - Get Free Report) was upgraded by analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a report issued on Sunday.

Several other research analysts also recently issued reports on KFY. UBS Group lowered their price objective on shares of Korn/Ferry International from $75.00 to $74.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 27th. Truist Financial decreased their target price on shares of Korn/Ferry International from $84.00 to $80.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th.

Korn/Ferry International Trading Up 6.6%

Shares of KFY traded up $4.41 during midday trading on Friday, hitting $71.17. 1,940,020 shares of the stock were exchanged, compared to its average volume of 382,431. The stock has a fifty day simple moving average of $65.96 and a 200 day simple moving average of $67.18. Korn/Ferry International has a 52-week low of $59.23 and a 52-week high of $80.64. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.90 and a current ratio of 1.90. The firm has a market cap of $3.67 billion, a P/E ratio of 15.30 and a beta of 1.42.

Korn/Ferry International (NYSE:KFY - Get Free Report) last posted its earnings results on Wednesday, June 18th. The business services provider reported $1.32 EPS for the quarter, beating the consensus estimate of $1.26 by $0.06. Korn/Ferry International had a return on equity of 14.52% and a net margin of 9.01%. The firm had revenue of $712.05 million for the quarter, compared to analyst estimates of $690.07 million. During the same quarter in the prior year, the company posted $1.26 earnings per share. Korn/Ferry International's revenue for the quarter was up 3.1% compared to the same quarter last year. On average, research analysts anticipate that Korn/Ferry International will post 4.75 EPS for the current fiscal year.

Hedge Funds Weigh In On Korn/Ferry International

A number of institutional investors have recently added to or reduced their stakes in KFY. CX Institutional bought a new stake in Korn/Ferry International in the first quarter valued at about $39,000. Allianz Asset Management GmbH boosted its position in Korn/Ferry International by 14.2% during the 4th quarter. Allianz Asset Management GmbH now owns 753,414 shares of the business services provider's stock valued at $50,818,000 after purchasing an additional 93,591 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of Korn/Ferry International by 230.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,381 shares of the business services provider's stock valued at $93,000 after acquiring an additional 963 shares during the period. Two Sigma Investments LP bought a new position in Korn/Ferry International in the 4th quarter worth about $1,593,000. Finally, Empowered Funds LLC increased its stake in shares of Korn/Ferry International by 12.3% in the fourth quarter. Empowered Funds LLC now owns 18,123 shares of the business services provider's stock valued at $1,222,000 after purchasing an additional 1,991 shares during the period. Institutional investors and hedge funds own 98.82% of the company's stock.

About Korn/Ferry International

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.