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

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

Several other research firms have also commented on KFY. UBS Group decreased their price target on shares of Korn/Ferry International from $75.00 to $74.00 and set a "neutral" rating for the company in a research report on Tuesday, May 27th. Truist Financial increased their target price on shares of Korn/Ferry International from $80.00 to $88.00 and gave the company a "buy" rating in a research report on Friday.

Korn/Ferry International Stock Down 1.1%

Korn/Ferry International stock opened at $70.31 on Monday. The company has a quick ratio of 1.90, a current ratio of 1.83 and a debt-to-equity ratio of 0.21. The firm has a market cap of $3.63 billion, a P/E ratio of 15.22 and a beta of 1.42. The business has a fifty day moving average of $66.25 and a two-hundred day moving average of $66.96. Korn/Ferry International has a twelve month low of $59.23 and a twelve month high of $80.64.

Korn/Ferry International (NYSE:KFY - Get Free Report) last released its quarterly earnings results on Wednesday, June 18th. The business services provider reported $1.32 EPS for the quarter, topping the consensus estimate of $1.26 by $0.06. Korn/Ferry International had a return on equity of 14.49% and a net margin of 8.91%. The firm had revenue of $712.05 million during the quarter, compared to analyst estimates of $690.07 million. During the same period in the previous year, the company posted $1.26 EPS. The business's revenue for the quarter was up 3.1% compared to the same quarter last year. On average, analysts forecast that Korn/Ferry International will post 4.75 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in KFY. Versant Capital Management Inc grew its stake in shares of Korn/Ferry International by 75.9% during the first quarter. Versant Capital Management Inc now owns 517 shares of the business services provider's stock worth $35,000 after acquiring an additional 223 shares during the last quarter. CX Institutional purchased a new position in shares of Korn/Ferry International in the 1st quarter valued at approximately $39,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Korn/Ferry International in the 1st quarter valued at approximately $62,000. Wealthfront Advisers LLC acquired a new stake in Korn/Ferry International in the 4th quarter worth approximately $76,000. Finally, Smartleaf Asset Management LLC boosted its stake in Korn/Ferry International by 230.4% in the 4th 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 in the last quarter. 98.82% of the stock is owned by institutional investors and hedge funds.

Korn/Ferry International 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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