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

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

Other equities analysts also recently issued research reports about the stock. Truist Financial boosted their target price on shares of Korn/Ferry International from $80.00 to $88.00 and gave the stock a "buy" rating in a report on Friday, June 20th. UBS Group dropped their price objective on shares of Korn/Ferry International from $75.00 to $74.00 and set a "neutral" rating for the company in a report on Tuesday, May 27th.

Korn/Ferry International Trading Up 0.6%

Shares of Korn/Ferry International stock opened at $73.79 on Wednesday. Korn/Ferry International has a 1-year low of $59.23 and a 1-year high of $80.64. The company's fifty day simple moving average is $69.11 and its 200-day simple moving average is $67.29. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.83 and a quick ratio of 1.83. The stock has a market capitalization of $3.81 billion, a PE ratio of 15.97 and a beta of 1.42.

Korn/Ferry International (NYSE:KFY - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $690.07 million. During the same quarter last year, the company earned $1.26 earnings per share. The business's revenue for the quarter was up 3.1% compared to the same quarter last year. As a group, equities analysts anticipate that Korn/Ferry International will post 4.75 earnings per share for the current year.

Hedge Funds Weigh In On Korn/Ferry International

A number of institutional investors have recently modified their holdings of KFY. Versant Capital Management Inc raised its holdings in shares of Korn/Ferry International by 75.9% in the 1st quarter. Versant Capital Management Inc now owns 517 shares of the business services provider's stock valued at $35,000 after purchasing an additional 223 shares in the last quarter. CX Institutional purchased a new position in Korn/Ferry International during the first quarter valued at approximately $39,000. Caitong International Asset Management Co. Ltd bought a new position in Korn/Ferry International in the first quarter worth approximately $62,000. Wealthfront Advisers LLC bought a new position in Korn/Ferry International in the fourth quarter worth approximately $76,000. Finally, Quarry LP lifted its holdings in Korn/Ferry International by 193.6% during the first quarter. Quarry LP now owns 1,518 shares of the business services provider's stock worth $103,000 after buying an additional 1,001 shares during the period. 98.82% of the stock is owned by hedge funds and other institutional investors.

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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