Korn/Ferry International (NYSE:KFY) Issues Quarterly Earnings Results

Korn/Ferry International (NYSE:KFY) announced its quarterly earnings data on Monday. The business services provider reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.06, FiscalAI reports. Korn/Ferry International had a return on equity of 14.53% and a net margin of 9.21%.

Korn/Ferry International Stock Performance

Korn/Ferry International stock opened at $63.70 on Monday. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.20. The firm has a market cap of $3.32 billion, a P/E ratio of 12.92 and a beta of 1.32. Korn/Ferry International has a 1-year low of $58.95 and a 1-year high of $78.50. The firm has a 50-day moving average of $65.53 and a 200-day moving average of $67.86.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Kestra Investment Management LLC grew its position in shares of Korn/Ferry International by 71.8% in the 2nd quarter. Kestra Investment Management LLC now owns 579 shares of the business services provider’s stock worth $42,000 after buying an additional 242 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in shares of Korn/Ferry International by 200.0% during the second quarter. Canada Pension Plan Investment Board now owns 600 shares of the business services provider’s stock valued at $44,000 after buying an additional 400 shares during the period. Danske Bank A S bought a new position in shares of Korn/Ferry International during the third quarter valued at approximately $56,000. EverSource Wealth Advisors LLC lifted its stake in Korn/Ferry International by 84.1% in the second quarter. EverSource Wealth Advisors LLC now owns 854 shares of the business services provider’s stock worth $63,000 after acquiring an additional 390 shares during the period. Finally, Parkside Financial Bank & Trust lifted its stake in Korn/Ferry International by 431.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,149 shares of the business services provider’s stock worth $76,000 after acquiring an additional 933 shares during the period. Institutional investors own 98.82% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on KFY. Wall Street Zen upgraded Korn/Ferry International from a “hold” rating to a “buy” rating in a report on Sunday, March 1st. The Goldman Sachs Group decreased their price target on Korn/Ferry International from $85.00 to $74.00 and set a “buy” rating on the stock in a research note on Friday, November 21st. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Korn/Ferry International in a research note on Wednesday, January 28th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $78.67.

Korn/Ferry International Company Profile

Korn Ferry International is a global organizational consulting firm that partners with clients to design optimal structures, roles and responsibilities. The company’s core offerings include executive search, talent acquisition, leadership development and succession planning. By blending deep industry expertise with data-driven insights, Korn Ferry helps organizations identify, assess and develop executives and high-potential talent for critical roles.

Since its founding in 1969 and with headquarters in Los Angeles, Korn Ferry has expanded its presence to more than 50 offices across North America, Europe, Asia Pacific and Latin America.