Truist Financial Issues Pessimistic Forecast for Korn Ferry (NYSE:KFY) Stock Price

Korn Ferry (NYSE:KFY) had its price objective dropped by investment analysts at Truist Financial from $84.00 to $80.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the business services provider’s stock. Truist Financial’s price target suggests a potential upside of 29.68% from the company’s previous close.

Separately, StockNews.com raised shares of Korn Ferry from a “hold” rating to a “buy” rating in a research report on Tuesday, December 17th.

Korn Ferry Price Performance

Shares of NYSE KFY opened at $61.69 on Tuesday. The company has a market capitalization of $3.18 billion, a PE ratio of 13.18 and a beta of 1.40. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.22. Korn Ferry has a twelve month low of $59.44 and a twelve month high of $80.64. The firm has a fifty day simple moving average of $65.58 and a 200 day simple moving average of $69.58.

Korn Ferry (NYSE:KFY) last posted its quarterly earnings data on Tuesday, March 11th. The business services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.06. Korn Ferry had a return on equity of 14.27% and a net margin of 9.03%. The firm had revenue of $676.50 million during the quarter, compared to analyst estimates of $650.45 million. During the same period last year, the company posted $1.07 EPS. The business’s quarterly revenue was down .1% on a year-over-year basis. On average, sell-side analysts forecast that Korn Ferry will post 4.75 EPS for the current year.

Hedge Funds Weigh In On Korn Ferry

A number of institutional investors have recently modified their holdings of KFY. Arizona State Retirement System raised its holdings in Korn Ferry by 1.2% during the fourth quarter. Arizona State Retirement System now owns 15,094 shares of the business services provider’s stock worth $1,018,000 after buying an additional 176 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Korn Ferry by 11.4% during the first quarter. GAMMA Investing LLC now owns 1,937 shares of the business services provider’s stock worth $131,000 after acquiring an additional 199 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of Korn Ferry by 75.9% in the 1st quarter. Versant Capital Management Inc now owns 517 shares of the business services provider’s stock worth $35,000 after acquiring an additional 223 shares during the last quarter. Summit Investment Advisors Inc. lifted its position in Korn Ferry by 4.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 5,432 shares of the business services provider’s stock valued at $366,000 after acquiring an additional 225 shares in the last quarter. Finally, Savant Capital LLC lifted its position in Korn Ferry by 7.4% in the 4th quarter. Savant Capital LLC now owns 3,629 shares of the business services provider’s stock valued at $245,000 after acquiring an additional 249 shares in the last quarter. 98.82% of the stock is owned by institutional investors and hedge funds.

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.