Wall Street Zen Downgrades Korn/Ferry International (NYSE:KFY) to Hold
by Mitch Edgeman · The Markets DailyKorn/Ferry International (NYSE:KFY – Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.
A number of other research analysts have also recently weighed in on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Korn/Ferry International in a report on Friday, October 31st. The Goldman Sachs Group reduced their price objective 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. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Korn/Ferry International presently has a consensus rating of “Moderate Buy” and an average target price of $78.67.
Read Our Latest Analysis on Korn/Ferry International
Korn/Ferry International Price Performance
Korn/Ferry International stock opened at $68.27 on Friday. Korn/Ferry International has a 1 year low of $59.23 and a 1 year high of $78.50. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.14 and a current ratio of 2.14. The firm has a 50 day moving average price of $66.89 and a 200 day moving average price of $70.36. The company has a market cap of $3.56 billion, a price-to-earnings ratio of 13.85 and a beta of 1.34.
Korn/Ferry International (NYSE:KFY – Get Free Report) last posted its quarterly earnings results on Tuesday, December 9th. The business services provider reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.02. Korn/Ferry International had a net margin of 9.21% and a return on equity of 14.53%. The company had revenue of $729.80 million for the quarter, compared to the consensus estimate of $705.16 million. During the same quarter last year, the firm posted $1.21 earnings per share. Korn/Ferry International’s revenue was up 7.0% on a year-over-year basis. Korn/Ferry International has set its Q3 2026 guidance at 1.19-1.250 EPS. Sell-side analysts predict that Korn/Ferry International will post 4.75 earnings per share for the current year.
Korn/Ferry International announced that its Board of Directors has authorized a stock buyback program on Thursday, September 18th that authorizes the company to repurchase $331.40 million in shares. This repurchase authorization authorizes the business services provider to buy up to 8.7% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.
Hedge Funds Weigh In On Korn/Ferry International
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. HighTower Advisors LLC purchased a new stake in shares of Korn/Ferry International during the first quarter valued at approximately $202,000. Russell Investments Group Ltd. grew its holdings in Korn/Ferry International by 4.6% during the 1st quarter. Russell Investments Group Ltd. now owns 20,702 shares of the business services provider’s stock valued at $1,404,000 after purchasing an additional 910 shares in the last quarter. Wellington Management Group LLP increased its stake in Korn/Ferry International by 22.3% during the 1st quarter. Wellington Management Group LLP now owns 932,890 shares of the business services provider’s stock worth $63,278,000 after buying an additional 170,041 shares during the period. Hsbc Holdings PLC lifted its holdings in Korn/Ferry International by 6.6% in the 1st quarter. Hsbc Holdings PLC now owns 9,220 shares of the business services provider’s stock worth $622,000 after buying an additional 570 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in Korn/Ferry International by 1.1% in the 1st quarter. Ameriprise Financial Inc. now owns 721,026 shares of the business services provider’s stock worth $48,910,000 after buying an additional 8,100 shares in the last quarter. Hedge funds and other institutional investors own 98.82% of the company’s stock.
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.