Korn Ferry (NYSE:KFY) Now Covered by UBS Group

Stock analysts at UBS Group started coverage on shares of Korn Ferry (NYSE:KFY) in a note issued to investors on Friday, Marketbeat Ratings reports. The firm set a “neutral” rating and a $53.00 price target on the business services provider’s stock. UBS Group’s target price indicates a potential upside of 12.57% from the stock’s current price.

KFY has been the subject of a number of other research reports. Truist Financial reiterated a “buy” rating and issued a $65.00 price target on shares of Korn Ferry in a report on Friday, July 14th. StockNews.com downgraded Korn Ferry from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $60.25.

Korn Ferry Trading Down 1.9 %

KFY opened at $47.08 on Friday. The stock’s 50 day moving average price is $51.59 and its 200-day moving average price is $50.62. Korn Ferry has a one year low of $44.69 and a one year high of $59.91. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.68 and a current ratio of 2.08. The stock has a market cap of $2.48 billion, a price-to-earnings ratio of 13.89 and a beta of 1.49.

Korn Ferry (NYSE:KFY) last released its earnings results on Thursday, September 7th. The business services provider reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.08. The business had revenue of $699.20 million during the quarter, compared to the consensus estimate of $683.41 million. Korn Ferry had a return on equity of 14.29% and a net margin of 6.24%. The business’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period last year, the company earned $1.50 earnings per share. On average, equities analysts forecast that Korn Ferry will post 3.82 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Citigroup Inc. increased its position in Korn Ferry by 4.4% during the 1st quarter. Citigroup Inc. now owns 51,547 shares of the business services provider’s stock valued at $3,347,000 after buying an additional 2,163 shares in the last quarter. Bank of Montreal Can grew its position in Korn Ferry by 1.5% during the 1st quarter. Bank of Montreal Can now owns 16,129 shares of the business services provider’s stock worth $1,073,000 after purchasing an additional 239 shares during the last quarter. MetLife Investment Management LLC raised its holdings in shares of Korn Ferry by 55.4% in the first quarter. MetLife Investment Management LLC now owns 28,741 shares of the business services provider’s stock worth $1,866,000 after buying an additional 10,248 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Korn Ferry by 1.4% during the first quarter. Rhumbline Advisers now owns 151,154 shares of the business services provider’s stock valued at $9,816,000 after buying an additional 2,031 shares during the last quarter. Finally, BlackRock Inc. grew its holdings in shares of Korn Ferry by 0.3% during the first quarter. BlackRock Inc. now owns 8,381,765 shares of the business services provider’s stock valued at $544,312,000 after buying an additional 28,155 shares during the last quarter. 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.