Korn Ferry (NYSE:KFY) Raised to “Buy” at StockNews.com

Korn Ferry (NYSE:KFY) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Tuesday.

Separately, Truist Financial increased their target price on shares of Korn Ferry from $78.00 to $84.00 and gave the company a “buy” rating in a research report on Friday, December 6th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $77.00.

Korn Ferry Stock Down 3.4 %

KFY stock opened at $66.96 on Tuesday. Korn Ferry has a 52 week low of $54.77 and a 52 week high of $80.64. The company has a quick ratio of 2.15, a current ratio of 2.07 and a debt-to-equity ratio of 0.22. The firm has a 50-day simple moving average of $73.78 and a 200-day simple moving average of $70.97. The stock has a market capitalization of $3.45 billion, a P/E ratio of 14.31 and a beta of 1.56.

Korn Ferry (NYSE:KFY) last announced its earnings results on Thursday, December 5th. The business services provider reported $1.21 EPS for the quarter, meeting analysts’ consensus estimates of $1.21. The business had revenue of $682.00 million during the quarter, compared to analysts’ expectations of $675.35 million. Korn Ferry had a return on equity of 14.27% and a net margin of 9.03%. The business’s revenue was down 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.97 earnings per share. Equities analysts forecast that Korn Ferry will post 4.75 earnings per share for the current fiscal year.

Insider Transactions at Korn Ferry

In related news, insider Michael Distefano sold 5,000 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $72.36, for a total value of $361,800.00. Following the completion of the transaction, the insider now directly owns 50,954 shares in the company, valued at approximately $3,687,031.44. This represents a 8.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Mark Arian sold 20,000 shares of Korn Ferry stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $72.24, for a total value of $1,444,800.00. Following the completion of the sale, the chief executive officer now owns 68,869 shares in the company, valued at $4,975,096.56. This represents a 22.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 85,280 shares of company stock worth $6,193,956 in the last quarter. Company insiders own 1.40% of the company’s stock.

Institutional Trading of Korn Ferry

Hedge funds and other institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC boosted its stake in Korn Ferry by 112.0% during the second quarter. EverSource Wealth Advisors LLC now owns 388 shares of the business services provider’s stock worth $29,000 after buying an additional 205 shares during the period. CWM LLC lifted its holdings in shares of Korn Ferry by 97.3% in the 2nd quarter. CWM LLC now owns 890 shares of the business services provider’s stock worth $60,000 after acquiring an additional 439 shares during the last quarter. Quarry LP boosted its position in shares of Korn Ferry by 149.1% during the 2nd quarter. Quarry LP now owns 1,380 shares of the business services provider’s stock worth $93,000 after purchasing an additional 826 shares during the period. Innealta Capital LLC acquired a new stake in Korn Ferry in the 2nd quarter valued at approximately $101,000. Finally, GAMMA Investing LLC raised its position in Korn Ferry by 26.0% in the third quarter. GAMMA Investing LLC now owns 1,754 shares of the business services provider’s stock valued at $132,000 after purchasing an additional 362 shares during the period. 98.82% of the stock is owned by institutional investors and hedge funds.

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.