Truist Financial Reiterates “Buy” Rating for Korn Ferry (NYSE:KFY)

Korn Ferry (NYSE:KFY)‘s stock had its “buy” rating reiterated by investment analysts at Truist Financial in a research note issued on Friday, Benzinga reports. They currently have a $78.00 price objective on the business services provider’s stock, up from their previous price objective of $74.00. Truist Financial’s price target indicates a potential upside of 16.89% from the stock’s previous close.

Several other brokerages also recently weighed in on KFY. StockNews.com downgraded Korn Ferry from a “buy” rating to a “hold” rating in a report on Wednesday. William Blair upgraded shares of Korn Ferry from a “market perform” rating to an “outperform” rating in a research note on Thursday, February 29th. Robert W. Baird lifted their price target on shares of Korn Ferry from $72.00 to $79.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, UBS Group increased their price objective on shares of Korn Ferry from $66.00 to $68.00 and gave the company a “neutral” rating in a research report on Friday, June 7th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $75.00.

Korn Ferry Trading Down 5.0 %

NYSE KFY opened at $66.73 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.83 and a current ratio of 1.83. The firm has a market cap of $3.51 billion, a price-to-earnings ratio of 20.72 and a beta of 1.48. The firm has a 50 day simple moving average of $63.85 and a 200-day simple moving average of $60.97. Korn Ferry has a one year low of $44.45 and a one year high of $70.78.

Korn Ferry (NYSE:KFY) last released its earnings results on Thursday, June 13th. The business services provider reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.13. The company had revenue of $690.80 million for the quarter, compared to analyst estimates of $687.36 million. Korn Ferry had a net margin of 6.05% and a return on equity of 13.28%. The firm’s quarterly revenue was down 5.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.01 EPS. Equities research analysts anticipate that Korn Ferry will post 4.72 EPS for the current fiscal year.

Institutional Trading of Korn Ferry

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SG Capital Management LLC acquired a new position in shares of Korn Ferry in the 1st quarter valued at $6,777,000. Tidal Investments LLC boosted its stake in Korn Ferry by 78.7% in the first quarter. Tidal Investments LLC now owns 7,532 shares of the business services provider’s stock valued at $495,000 after acquiring an additional 3,318 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of Korn Ferry by 884.9% during the first quarter. Jane Street Group LLC now owns 76,536 shares of the business services provider’s stock worth $5,033,000 after purchasing an additional 68,765 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in shares of Korn Ferry by 15.3% during the first quarter. Jacobs Levy Equity Management Inc. now owns 42,771 shares of the business services provider’s stock worth $2,813,000 after purchasing an additional 5,683 shares during the last quarter. Finally, Janus Henderson Group PLC increased its position in shares of Korn Ferry by 161.5% during the first quarter. Janus Henderson Group PLC now owns 67,064 shares of the business services provider’s stock worth $4,409,000 after purchasing an additional 41,416 shares in the last quarter. Institutional investors and hedge funds own 98.82% of the company’s stock.

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.