Korn Ferry (NYSE:KFY) Upgraded by StockNews.com to "Buy" Rating

Korn Ferry (NYSE:KFY - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "hold" rating to a "buy" rating in a research note issued to investors on Tuesday.

Separately, Truist Financial lifted their price objective on shares of Korn Ferry from $78.00 to $84.00 and gave the company a "buy" rating in a research note on Friday, December 6th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $77.00.

Korn Ferry Stock Performance

Shares of NYSE KFY traded down $0.83 during midday trading on Tuesday, hitting $69.37. The company's stock had a trading volume of 686,043 shares, compared to its average volume of 357,093. 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 firm's fifty day moving average price is $73.86 and its 200-day moving average price is $71.00. Korn Ferry has a 1-year low of $54.77 and a 1-year high of $80.64. The firm has a market cap of $3.58 billion, a P/E ratio of 14.82 and a beta of 1.56.

Korn Ferry (NYSE:KFY - Get Free Report) last released its quarterly earnings data on Thursday, December 5th. The business services provider reported $1.21 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.21. Korn Ferry had a return on equity of 14.27% and a net margin of 9.03%. The business had revenue of $682.00 million during the quarter, compared to analyst estimates of $675.35 million. During the same quarter in the previous year, the firm posted $0.97 EPS. The business's revenue for the quarter was down 4.3% compared to the same quarter last year. On average, sell-side analysts forecast that Korn Ferry will post 4.75 EPS for the current fiscal year.

Insiders Place Their Bets

In other Korn Ferry news, CFO Robert P. Rozek sold 20,921 shares of the company's stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $75.53, for a total transaction of $1,580,163.13. Following the completion of the sale, the chief financial officer now owns 154,535 shares of the company's stock, valued at $11,672,028.55. This represents a 11.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gary D. Burnison sold 38,726 shares of Korn Ferry stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $72.18, for a total transaction of $2,795,242.68. Following the completion of the transaction, the chief executive officer now directly owns 273,118 shares in the company, valued at approximately $19,713,657.24. This represents a 12.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 86,201 shares of company stock valued at $6,329,320 in the last three months. Insiders own 1.40% of the company's stock.

Hedge Funds Weigh In On Korn Ferry

A number of institutional investors have recently made changes to their positions in KFY. EverSource Wealth Advisors LLC grew its holdings in Korn Ferry by 112.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 388 shares of the business services provider's stock valued at $29,000 after buying an additional 205 shares during the last quarter. CWM LLC grew its stake in shares of Korn Ferry by 97.3% in the second quarter. CWM LLC now owns 890 shares of the business services provider's stock worth $60,000 after acquiring an additional 439 shares during the last quarter. Quarry LP increased its position in Korn Ferry by 149.1% during the second quarter. Quarry LP now owns 1,380 shares of the business services provider's stock worth $93,000 after acquiring an additional 826 shares during the period. Innealta Capital LLC bought a new position in Korn Ferry during the second quarter worth $101,000. Finally, GAMMA Investing LLC grew its position in Korn Ferry by 26.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,754 shares of the business services provider's stock worth $132,000 after purchasing an additional 362 shares during the last quarter. 98.82% of the stock is currently owned by institutional investors.

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.