Geode Capital Management LLC Grows Stock Holdings in Korn/Ferry International $KFY

Geode Capital Management LLC lifted its position in shares of Korn/Ferry International (NYSE:KFY) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,262,737 shares of the business services provider’s stock after purchasing an additional 12,882 shares during the period. Geode Capital Management LLC owned about 2.42% of Korn/Ferry International worth $83,378,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Korn/Ferry International by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 6,159,477 shares of the business services provider’s stock worth $406,649,000 after purchasing an additional 44,425 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Korn/Ferry International by 48.3% during the 3rd quarter. Wellington Management Group LLP now owns 3,475,576 shares of the business services provider’s stock worth $243,221,000 after purchasing an additional 1,132,473 shares during the last quarter. Invesco Ltd. lifted its position in shares of Korn/Ferry International by 1.1% during the 3rd quarter. Invesco Ltd. now owns 1,493,922 shares of the business services provider’s stock worth $104,545,000 after purchasing an additional 16,519 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Korn/Ferry International by 1.6% during the 4th quarter. Thrivent Financial for Lutherans now owns 850,032 shares of the business services provider’s stock worth $56,119,000 after purchasing an additional 13,670 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of Korn/Ferry International by 1.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 729,663 shares of the business services provider’s stock worth $53,505,000 after purchasing an additional 8,637 shares during the last quarter. 98.82% of the stock is owned by hedge funds and other institutional investors.

Korn/Ferry International Price Performance

Shares of KFY opened at $72.41 on Monday. Korn/Ferry International has a 1-year low of $58.95 and a 1-year high of $78.50. The stock has a market cap of $3.76 billion, a PE ratio of 14.31 and a beta of 1.21. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.01 and a quick ratio of 2.01. The firm has a fifty day moving average price of $66.04 and a 200 day moving average price of $65.58.

Korn/Ferry International (NYSE:KFY) last announced its quarterly earnings results on Monday, March 9th. The business services provider reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.04. Korn/Ferry International had a net margin of 9.29% and a return on equity of 14.36%. The firm had revenue of $725.04 million during the quarter, compared to analysts’ expectations of $692.45 million. During the same period in the previous year, the company earned $1.19 earnings per share. Korn/Ferry International’s quarterly revenue was up 7.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Korn/Ferry International will post 5.29 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Truist Financial decreased their price objective on shares of Korn/Ferry International from $88.00 to $75.00 and set a “buy” rating for the company in a research report on Tuesday, March 10th. UBS Group boosted their price target on shares of Korn/Ferry International from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, April 9th. Weiss Ratings raised shares of Korn/Ferry International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, June 1st. Finally, Wall Street Zen raised shares of Korn/Ferry International from a “hold” rating to a “buy” rating in a research report on Sunday, March 1st. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $73.00.

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.