Korn/Ferry International (NYSE:KFY) Releases Earnings Results, Beats Expectations By $0.06 EPS

Korn/Ferry International (NYSE:KFY) posted its quarterly earnings results on Monday. The business services provider reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.06, FiscalAI reports. Korn/Ferry International had a net margin of 9.21% and a return on equity of 14.53%.

Korn/Ferry International Trading Down 2.1%

NYSE:KFY opened at $63.70 on Monday. Korn/Ferry International has a 12-month low of $58.95 and a 12-month high of $78.50. The firm has a market cap of $3.32 billion, a PE ratio of 12.92 and a beta of 1.32. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.20. The stock has a fifty day moving average price of $65.53 and a 200 day moving average price of $67.86.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Wall Street Zen upgraded shares of Korn/Ferry International from a “hold” rating to a “buy” rating in a report on Sunday, March 1st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Korn/Ferry International in a report on Wednesday, January 28th. Finally, 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 report on Friday, November 21st. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Korn/Ferry International currently has an average rating of “Moderate Buy” and a consensus price target of $78.67.

Hedge Funds Weigh In On Korn/Ferry International

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP grew its position in shares of Korn/Ferry International by 48.3% during the third quarter. Wellington Management Group LLP now owns 3,475,576 shares of the business services provider’s stock worth $243,221,000 after buying an additional 1,132,473 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Korn/Ferry International by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,880,716 shares of the business services provider’s stock valued at $190,188,000 after acquiring an additional 37,499 shares in the last quarter. State Street Corp lifted its stake in Korn/Ferry International by 1.6% in the fourth quarter. State Street Corp now owns 2,000,452 shares of the business services provider’s stock worth $132,933,000 after acquiring an additional 31,175 shares during the last quarter. Invesco Ltd. lifted its stake in Korn/Ferry International by 1.1% in the third quarter. Invesco Ltd. now owns 1,493,922 shares of the business services provider’s stock worth $104,545,000 after acquiring an additional 16,519 shares during the last quarter. Finally, Morgan Stanley grew its holdings in Korn/Ferry International by 12.7% during the 4th quarter. Morgan Stanley now owns 933,946 shares of the business services provider’s stock worth $61,659,000 after acquiring an additional 104,898 shares in the last quarter. Hedge funds and other institutional investors own 98.82% of the company’s stock.

About Korn/Ferry International

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.