UBS Group Lowers Korn Ferry (NYSE:KFY) Price Target to $74.00

Korn Ferry (NYSE:KFY - Get Free Report) had its price objective decreased by equities research analysts at UBS Group from $75.00 to $74.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a "neutral" rating on the business services provider's stock. UBS Group's price target would indicate a potential upside of 8.01% from the company's current price.

Several other analysts have also recently commented on KFY. Wall Street Zen upgraded Korn Ferry from a "buy" rating to a "strong-buy" rating in a report on Saturday. Truist Financial decreased their price objective on shares of Korn Ferry from $84.00 to $80.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th.

Korn Ferry Price Performance

Korn Ferry stock traded up $1.04 during mid-day trading on Tuesday, hitting $68.52. 97,229 shares of the company were exchanged, compared to its average volume of 376,159. The company has a market capitalization of $3.53 billion, a PE ratio of 14.64 and a beta of 1.41. The business has a fifty day moving average of $64.90 and a 200 day moving average of $68.07. Korn Ferry has a 1-year low of $59.23 and a 1-year high of $80.64. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.22.

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

Hedge Funds Weigh In On Korn Ferry

Several hedge funds have recently added to or reduced their stakes in KFY. Blue Trust Inc. raised its position in shares of Korn Ferry by 44.8% in the 4th quarter. Blue Trust Inc. now owns 3,204 shares of the business services provider's stock valued at $216,000 after acquiring an additional 991 shares during the period. Allianz Asset Management GmbH increased its stake in Korn Ferry by 14.2% in the fourth 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 in the last quarter. SG Americas Securities LLC raised its holdings in Korn Ferry by 202.4% in the fourth quarter. SG Americas Securities LLC now owns 9,552 shares of the business services provider's stock worth $644,000 after purchasing an additional 6,393 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of Korn Ferry by 230.4% during 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 in the last quarter. Finally, Litman Gregory Wealth Management LLC acquired a new position in shares of Korn Ferry in the 4th quarter valued at $504,000. Institutional investors and hedge funds own 98.82% of the company's stock.

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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