Korn Ferry (NYSE:KFY) Rating Lowered to Hold at StockNews.com

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

Separately, Truist Financial reiterated a “buy” rating and issued a $65.00 target price on shares of Korn Ferry in a research note on Friday, July 14th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Korn Ferry has a consensus rating of “Moderate Buy” and an average target price of $62.67.

Korn Ferry Stock Down 1.3 %

Korn Ferry stock opened at $47.92 on Tuesday. The company’s 50-day moving average price is $51.71 and its two-hundred day moving average price is $50.81. The stock has a market cap of $2.50 billion, a price-to-earnings ratio of 14.14 and a beta of 1.49. The company has a current ratio of 2.08, a quick ratio of 1.68 and a debt-to-equity ratio of 0.23. Korn Ferry has a 52 week low of $44.69 and a 52 week high of $59.91.

Korn Ferry (NYSE:KFY) last announced its quarterly earnings data on Thursday, September 7th. The business services provider reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.08. Korn Ferry had a net margin of 6.24% and a return on equity of 14.29%. The company had revenue of $699.20 million for the quarter, compared to analysts’ expectations of $683.41 million. During the same quarter in the previous year, the company posted $1.50 EPS. The business’s revenue was up .4% compared to the same quarter last year. On average, analysts expect that Korn Ferry will post 3.66 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Stadium Capital Management LLC bought a new position in shares of Korn Ferry in the 2nd quarter valued at about $4,827,000. Virginia Retirement Systems ET AL acquired a new stake in shares of Korn Ferry in the 2nd quarter valued at approximately $976,000. Comerica Bank acquired a new stake in shares of Korn Ferry in the 2nd quarter valued at approximately $102,230,000. Teachers Retirement System of The State of Kentucky raised its position in shares of Korn Ferry by 5.9% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 17,312 shares of the business services provider’s stock valued at $857,000 after acquiring an additional 958 shares during the period. Finally, Wells Fargo & Company MN raised its position in shares of Korn Ferry by 16.5% in the 2nd quarter. Wells Fargo & Company MN now owns 73,676 shares of the business services provider’s stock valued at $3,650,000 after acquiring an additional 10,460 shares during the period. Institutional investors own 92.15% of the company’s stock.

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.