Korn Ferry (NYSE:KFY) PT Raised to $79.00 at Robert W. Baird

Korn Ferry (NYSE:KFY) had its price target upped by equities research analysts at Robert W. Baird from $72.00 to $79.00 in a research report issued on Friday, Benzinga reports. The firm presently has an “outperform” rating on the business services provider’s stock. Robert W. Baird’s price objective indicates a potential upside of 18.39% from the company’s current price.

A number of other research analysts have also recently weighed in on the stock. William Blair upgraded shares of Korn Ferry from a “market perform” rating to an “outperform” rating in a research note on Thursday, February 29th. Truist Financial boosted their target price on shares of Korn Ferry from $64.00 to $74.00 and gave the company a “buy” rating in a research note on Monday, March 4th. UBS Group boosted their target price on shares of Korn Ferry from $66.00 to $68.00 and gave the company a “neutral” rating in a research note on Friday, June 7th. Finally, StockNews.com cut shares of Korn Ferry from a “buy” rating to a “hold” rating in a research note on Wednesday. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $75.00.

Korn Ferry Trading Down 5.0 %

Shares of KFY stock opened at $66.73 on Friday. Korn Ferry has a 52-week low of $44.45 and a 52-week high of $70.78. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.83 and a current ratio of 1.83. The company has a 50-day simple moving average of $63.85 and a two-hundred day simple moving average of $60.97. The company has a market capitalization of $3.51 billion, a price-to-earnings ratio of 20.72 and a beta of 1.48.

Korn Ferry (NYSE:KFY) last issued its quarterly earnings data on Thursday, June 13th. The business services provider reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.13. Korn Ferry had a net margin of 6.05% and a return on equity of 13.28%. The business had revenue of $690.80 million during the quarter, compared to the consensus estimate of $687.36 million. During the same period in the prior year, the firm posted $1.01 EPS. The firm’s quarterly revenue was down 5.5% compared to the same quarter last year. Research analysts anticipate that Korn Ferry will post 4.72 EPS for the current fiscal year.

Institutional Trading of Korn Ferry

A number of institutional investors have recently modified their holdings of KFY. Quest Partners LLC purchased a new stake in shares of Korn Ferry during the 4th quarter valued at approximately $29,000. GAMMA Investing LLC purchased a new stake in Korn Ferry in the 4th quarter worth approximately $45,000. DekaBank Deutsche Girozentrale purchased a new stake in Korn Ferry in the 3rd quarter worth approximately $52,000. Quadrant Capital Group LLC lifted its stake in Korn Ferry by 90.3% in the 4th quarter. Quadrant Capital Group LLC now owns 1,060 shares of the business services provider’s stock worth $63,000 after purchasing an additional 503 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in Korn Ferry by 13.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,540 shares of the business services provider’s stock worth $151,000 after purchasing an additional 301 shares in the last quarter. 98.82% of the stock is currently owned by hedge funds and other institutional investors.

About Korn Ferry

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.