The Goldman Sachs Group Lowers Korn/Ferry International (NYSE:KFY) Price Target to $74.00

Korn/Ferry International (NYSE:KFY) had its price target dropped by research analysts at The Goldman Sachs Group from $85.00 to $74.00 in a report issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the business services provider’s stock. The Goldman Sachs Group’s target price would indicate a potential upside of 14.02% from the stock’s previous close.

Separately, Weiss Ratings restated a “buy (b-)” rating on shares of Korn/Ferry International in a report on Friday, October 31st. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $78.67.

Korn/Ferry International Price Performance

Shares of NYSE:KFY opened at $64.90 on Friday. The firm has a market capitalization of $3.40 billion, a price-to-earnings ratio of 13.78 and a beta of 1.49. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.21 and a quick ratio of 2.21. The business’s 50 day simple moving average is $68.52 and its 200-day simple moving average is $70.47. Korn/Ferry International has a 12 month low of $59.23 and a 12 month high of $80.49.

Korn/Ferry International (NYSE:KFY) last issued its quarterly earnings data on Tuesday, September 9th. The business services provider reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.07. The firm had revenue of $708.61 million during the quarter, compared to analysts’ expectations of $688.72 million. Korn/Ferry International had a return on equity of 14.55% and a net margin of 8.95%.Korn/Ferry International’s revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.17 earnings per share. Korn/Ferry International has set its Q2 2026 guidance at 1.230-1.33 EPS. As a group, equities analysts forecast that Korn/Ferry International will post 4.75 earnings per share for the current fiscal year.

Korn/Ferry International announced that its board has initiated a stock buyback program on Thursday, September 18th that permits the company to buyback $331.40 million in outstanding shares. This buyback authorization permits the business services provider to purchase up to 8.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Hedge Funds Weigh In On Korn/Ferry International

Several institutional investors and hedge funds have recently modified their holdings of the company. CIBC Bancorp USA Inc. purchased a new stake in Korn/Ferry International in the 3rd quarter worth approximately $386,000. Danske Bank A S acquired a new stake in shares of Korn/Ferry International during the third quarter worth $56,000. Kestra Private Wealth Services LLC grew its position in shares of Korn/Ferry International by 3.9% in the third quarter. Kestra Private Wealth Services LLC now owns 9,655 shares of the business services provider’s stock valued at $676,000 after purchasing an additional 360 shares during the period. Castleark Management LLC increased its stake in Korn/Ferry International by 3.9% in the third quarter. Castleark Management LLC now owns 77,641 shares of the business services provider’s stock valued at $5,433,000 after purchasing an additional 2,881 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its stake in Korn/Ferry International by 9.9% in the third quarter. CANADA LIFE ASSURANCE Co now owns 77,269 shares of the business services provider’s stock valued at $5,420,000 after purchasing an additional 6,965 shares during the last quarter. Hedge funds and other institutional investors own 98.82% of the company’s stock.

Korn/Ferry International 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.