Korn/Ferry International (NYSE:KFY) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Korn/Ferry International (NYSE:KFY) released its quarterly earnings data on Tuesday. The business services provider reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03, FiscalAI reports. The business had revenue of $768.26 million during the quarter, compared to the consensus estimate of $743.35 million. Korn/Ferry International had a return on equity of 14.36% and a net margin of 9.29%.

Korn/Ferry International Price Performance

Shares of NYSE KFY opened at $67.72 on Tuesday. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.20. Korn/Ferry International has a fifty-two week low of $58.95 and a fifty-two week high of $78.50. The business has a 50 day moving average price of $67.98 and a two-hundred day moving average price of $66.13. The firm has a market cap of $3.51 billion, a PE ratio of 13.38 and a beta of 1.21.

Hedge Funds Weigh In On Korn/Ferry International

Several institutional investors and hedge funds have recently made changes to their positions in the business. Virtu Financial LLC grew its position in shares of Korn/Ferry International by 7.7% during the fourth quarter. Virtu Financial LLC now owns 4,799 shares of the business services provider’s stock worth $317,000 after buying an additional 343 shares in the last quarter. State of Tennessee Department of Treasury raised its holdings in Korn/Ferry International by 43.5% in the fourth quarter. State of Tennessee Department of Treasury now owns 21,362 shares of the business services provider’s stock valued at $1,484,000 after acquiring an additional 6,480 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in Korn/Ferry International in the fourth quarter valued at $630,000. Empowered Funds LLC bought a new position in Korn/Ferry International during the 4th quarter valued at $2,196,000. Finally, XTX Topco Ltd acquired a new position in Korn/Ferry International during the 4th quarter worth $1,634,000. 98.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on KFY shares. Wall Street Zen upgraded Korn/Ferry International from a “hold” rating to a “buy” rating in a research note on Sunday, March 1st. Truist Financial lifted their price objective on Korn/Ferry International from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, June 9th. Weiss Ratings upgraded Korn/Ferry International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, June 1st. Finally, UBS Group increased their target price on shares of Korn/Ferry International from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, April 9th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Korn/Ferry International currently has a consensus rating of “Moderate Buy” and an average target price of $74.67.

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.