Korn Ferry (NYSE:KFY) Raised to Buy at StockNews.com

Korn Ferry (NYSE:KFY) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

Separately, Truist Financial raised their price target on Korn Ferry from $78.00 to $84.00 and gave the company a “buy” rating in a research note on Friday, December 6th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.00.

Korn Ferry Stock Performance

Shares of KFY opened at $66.96 on Tuesday. Korn Ferry has a 1 year low of $54.77 and a 1 year high of $80.64. The stock has a market capitalization of $3.45 billion, a PE ratio of 14.31 and a beta of 1.56. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.15 and a current ratio of 2.07. The stock has a 50-day simple moving average of $73.78 and a 200-day simple moving average of $70.97.

Korn Ferry (NYSE:KFY) last posted its quarterly earnings results on Thursday, December 5th. The business services provider reported $1.21 EPS for the quarter, hitting the consensus estimate of $1.21. Korn Ferry had a net margin of 9.03% and a return on equity of 14.27%. The company had revenue of $682.00 million during the quarter, compared to analysts’ expectations of $675.35 million. During the same quarter in the previous year, the business posted $0.97 EPS. The firm’s revenue was down 4.3% on a year-over-year basis. On average, analysts predict that Korn Ferry will post 4.75 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Korn Ferry news, Director Debra J. Perry sold 5,280 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $73.30, for a total value of $387,024.00. Following the completion of the sale, the director now owns 46,180 shares in the company, valued at approximately $3,384,994. The trade was a 10.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gary D. Burnison sold 38,726 shares of the firm’s stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $72.18, for a total transaction of $2,795,242.68. Following the transaction, the chief executive officer now owns 273,118 shares in the company, valued at approximately $19,713,657.24. This trade represents a 12.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 85,280 shares of company stock worth $6,193,956 in the last ninety days. 1.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Korn Ferry

Several hedge funds have recently made changes to their positions in KFY. Arizona State Retirement System raised its stake in Korn Ferry by 1.2% during the 2nd quarter. Arizona State Retirement System now owns 14,608 shares of the business services provider’s stock valued at $981,000 after acquiring an additional 168 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Korn Ferry by 112.0% in the second quarter. EverSource Wealth Advisors LLC now owns 388 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 205 shares during the period. SummerHaven Investment Management LLC raised its stake in shares of Korn Ferry by 1.6% during the second quarter. SummerHaven Investment Management LLC now owns 14,320 shares of the business services provider’s stock worth $961,000 after purchasing an additional 229 shares during the last quarter. Azzad Asset Management Inc. ADV lifted its holdings in shares of Korn Ferry by 1.5% during the third quarter. Azzad Asset Management Inc. ADV now owns 15,210 shares of the business services provider’s stock worth $1,144,000 after purchasing an additional 231 shares during the period. Finally, Simplicity Wealth LLC grew its position in Korn Ferry by 4.8% in the 3rd quarter. Simplicity Wealth LLC now owns 6,146 shares of the business services provider’s stock valued at $462,000 after buying an additional 283 shares during the last quarter. Institutional investors and hedge funds own 98.82% of the company’s stock.

About Korn Ferry

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.